Business ethics

The basis of the principles of business ethics of the Company:

• Respect for human rights, including labor rights, freedom of association and trade union activity, and the rights of local communities;
• Rejection and combating corruption and fraud in all forms and manifestations;
• Adherence to the rules of fair competition;
• Informational transparency.

We consider compliance with legislative requirements and international law, international agreements of the Russian Federation as the basis of our activities in the field of sustainable development, and also take into account the best international standards of business ethics.

The corporate documents of the Company contain our official position and consolidate standards of conduct and obligations regarding both relationships within labor collectives and interaction with external interested parties. Based on the fundamental importance of ethical standards for us, we demand the fulfillment of similar obligations from any organizations and persons acting on behalf of the Company and strive to extend standards of conduct (including respect for human rights) to relations with business partners, suppliers and contractors through their informing.

We aim to create and maintain long-term and stable relations with all interested parties, based on mutual trust, full fulfillment of obligations, openness, exchange of experience, mutual support, taking into account the balance of interests of our shareholders, business partners, contractors, local people and other interested parties.

The company supports free competition and entrepreneurship, pursues a fair open policy in relation to competing organizations. The company does not enter into relationships with persons using illegal and / or unethical methods of doing business.

Acting as an employer, taxpayer, and nature user, the Company treats its duties with all conscientiousness and reasonableness and strives to make an effective contribution to the economic and social development of the regions of operation and the creation of favorable living conditions in them.

The Company is a responsible partner of the state, business community, population, the public and in all regions of its activity interacts and holds consultations with business partners, contractors, members of the public and all those who cooperate with the Company on socially significant issues related to its activities.

We openly inform shareholders, partners, employees and other interested parties about our activities, ensuring the exercise of their right to regularly and timely receive complete and reliable information in the manner and in the forms established by applicable law and internal documents of the Company.

The company protects confidential information constituting state, official or commercial secrets, insider information, as well as personal data in accordance with applicable law. The procedure for access to such information, its use and protection is established by applicable law and the relevant internal documents of the Company.

Corporate Culture Ethics and Development Committee

The Committee on Ethics and Development of Corporate Culture is the advisory body of the Company on issues related to the observance of business ethics and the promotion of the integration of common corporate culture standards for the Tatneft Group. The competence of the Committee is the adoption of appropriate decisions and development of recommendations for employees and officers of the Company.

All interested parties can contact the Committee on Ethics and Corporate Culture Development through all available communication channels, including the Hotline.

In difficult cases concerning the ethical aspects of interaction with competitors, employees should contact the management of the Company, and managers should contact the Board of Directors and its respective committees.

We consider the strengthening of corporate culture as the main mechanism for ensuring a high level of corporate business ethics and preventing any violations. The company implements relevant target programs and activities aimed at increasing the knowledge of employees in all aspects of accepted corporate rules and standards, as well as in the field of development trends for best business practices and sustainable development in general.