Basic sustainable development terms and concepts
They are applied in this report in accordance with the G4 Sustainability Reporting Guidelines.
Aspect — a list of topics of sustainable development of the Company covered by this Report.
Impact — in this Report, the term «impact» means the significant economic, environmental and social impact of the Company.
The United Nations Global Compact (UNGC) – an international initiative of the UN to transform business in favor of society, nature and the future of the planet and to mobilize the global movement for corporate social responsibility and sustainable development.
Disclosure Border by Aspect — the term is used to describe the scope of each significant Aspect. When defining the Aspect Disclosure Borders, the Company seeks to take into account the impact it has both on the Company itself and beyond as a result of the Company’s activities towards the environment, social environment, as well as compliance with best corporate governance practices and ethical standards.
Stakeholders — organizations or persons that, according to reasonable expectations, may be significantly influenced by the activities, products and/or services of the Company, and whose actions, according to reasonable expectations, within the framework of the rights established by law and/or international conventions, may affect the ability of the Company to successfully implement its strategy and achieve its goals. Stakeholders are those who contributed to the Company (employees, shareholders and suppliers) and those who have a different relationship with it (local community, various groups of civil society).
Corporate governance — a system of relations between the management of the Company, its Board of Directors, shareholders and other stakeholders, which is the basis for determining the goals of the Company, as well as the means to achieve these goals and ways to control activities.
General Standard Disclosures — description of reporting organization and process.
Responsible investment — a concept defined by the UN Initiatives on Responsible Investment Principles (UNPRI), the basic system-forming approaches aimed at creating mechanisms for sustainable business development, ensuring the reliability and efficiency of investments.
Sustainability Report — a cumulative determination of the materiality of the Aspects and indicators, their consolidation, analysis and presentation based on a balance of financial, production, social and environmental components of the Company’s activities, generally reflecting the Company’s activities, principles and mechanisms for taking into account the interests of a wide range of stakeholders, and interaction management in solving problems important to the Company and society.
Coverage — the aggregate of Aspects included in the report.
OECD and G20 Corporate Governance Principles — a set of requirements for the institutional, legal, regulatory aspects of company policymaking and practical recommendations for their application at the national level for countries at different stages of development, characterized by different legal systems. Compliance with the OECD and G 20 Principles is recognized by the world community as the key to sustainable financial and economic development, efficiency, creating transparency in business activities, and stimulating long-term investments. The Principles are aimed at ensuring high quality corporate governance standards and their compliance with the latest changes in the financial and corporate sectors.
Sustainability Reporting Guide of the Global Reporting Initiative (GRI) — the standard includes indicators characterizing the profile of the company and its management approaches, and specific quantitative indicators with a description of their calculation methodology. Indicators are grouped into three key categories: economical (including corporate governance), environmental, and social. The Global Sustainability Standards Board (GSSB) has released five generations of GRI standards, the latest version was released in 2016. The current version of the Guide is G4. GRI aims to ensure disclosure to all stakeholders of the quality of sustainable development management and, at the internal level, to identify the parties to the company’s activities that require improvement.
Specific standard reporting elements — information on the management and performance of the Company, related to significant Aspects.
Significant Aspects — Aspects reflecting the significant economic, environmental and social impact of the Company or having a significant impact on the estimates and decisions of stakeholders. The Company determines the materiality of the Aspect based on a qualitative analysis, quantitative assessment and discussion.
Sustainable development — the concept of development of the world community, put forward by the UN at the World Summit in Rio de Janeiro in 1992. Sustainable development refers to the development of society in which the needs of current generations are met without compromising the ability of future generations to meet their needs.
Sustainable Development Goals — 2030 (SDGs) — adopted in 2015 by the UN General Assembly until 2030. The UN document contains 17 global goals, each of which includes indicators that must be achieved within 15 years as a result of joint efforts of governments, the private sector, civil society. The Russian Federation is participating in the implementation of the SDGs (Report of the Analytical Center under the Government of the Russian Federation «UN Sustainable Development Goals and Russia» http://ac.gov.ru/files/publication/a/11138.pdf ). The SDGs are set symmetrically by socially-oriented companies.