We adhere to the principles of consistency, objectivity, timeliness and completeness of disclosure of information that is significant to our environment and presents the latest data, comparable to previous periods.
Our sustainability reports are addressed to a wide range of stakeholders: shareholders, investors, representatives of state and municipal authorities, employees, partners and clients, public and environmental organizations, scientific and educational institutions, a wide range of Russian and international communities, and the local population. We strive to present information in a balanced manner in accordance with the interests of each group.
In preparing this report, we consider and apply the following standards and guidelines:
- UN Global Compact Principles;
- OECD Guidelines for Multinational Enterprises;
- Compass SDGs;
- UN Guiding Principles on Business and Human Rights;
- ILO Tripartite Declaration of Principles Concerning Multinational Enterprises and Social Policy;
- ISO 26000 Guidance on Social Responsibility);
- GRI Standart;
- АА 1000 (Account Ability);
- Provisions of the Social Charter of Russian Business;
- Baseline performance indicators. Recommendations for use in management practice and in corporate non-financial reporting of the Russian Union of Industrialists and Entrepreneurs.
- Business Reporting on SDGs;
In order to reflect the Company's position on climate and decarbonization-related policies and corporate actions, this report takes into account the following international initiatives and platforms:
- The Paris Agreement;
- The global oil and gas industry association for advancing environmental and social performance (IPIECA);
- The Task Force on Climate-related Financial Disclosures – TCFD.
In preparing the report, elements of the Integrated Reporting Standard of the International Integrated Reporting Council (IIRC) were used, as well as published research and recommendations in the field of corporate reporting.
In accordance with the approaches reflected in the above documents and guidelines, the Company is developing its own system of public reporting indicators.
The list of indicators and the procedure for their disclosure, including the distribution of responsibility, terms and procedure for the formation and disclosure of indicators, are determined by internal local documents. The preparation of public reporting is also reflected in the Company's KPI system.
The key communication of the Report is the formation among stakeholders of the most complete understanding of the Company's activities as a whole, strategic plans and the potential for their implementation, achieved results, as well as measures taken to improve the efficiency of the business model, taking into account aspects of sustainable development.
This Report focuses on the key challenges and opportunities for sustainable development that arise, both in the current period and in the strategic perspective. We assess external risks that can affect the sustainability of the Company and our own impact on the environment.
This sustainability report was generated for the period from January 1 to December 31, 2019, and includes information on the Tatneft Group as a whole. The designations “PJSC TATNEFT”, “TATNEFT Group”, “Group”, “Tatneft”, “Company”, “we” and “our” used in the text of this Report are considered to be equivalent and refer to the TATNEFT Group as a whole , PJSC TATNEFT and / or its subsidiaries, depending on the context.
At the same time, given that the Company joined the UN Global Compact at the end of 2019 and the main actions to integrate the Sustainable Development Goals into business processes were integrated during 2020, this Report includes the facts of the Company's activities that occurred during 2020. In particular, in 2020, priority Sustainable Development Goals, leaders for each Goal were identified and Roadmaps were formed.
Another significant event of 2020, which was included in this Report, was the Company's decision to move to carbon neutrality by 2050 with a phased reduction in greenhouse gas emissions by 10% by 2025 and by 20% by 2030 from the base year 2016.
The Report also includes information on the Company's actions in the context of the COVID-19 pandemic, which is significant in terms of sustainable development.
Report preparation principles