The company takes into account all 17 Sustainable Development Goals in its activities and makes a diverse contribution to their aspects, taking into account the directions of its activities and the specifics of the tasks of local infrastructures. The Company focuses most of its attention on those areas that it can implement as efficiently as possible by managing its capabilities and resources. Sustainable development goals are integrated into the strategic planning of the Company.
In 2020, the Board of Directors of the Company adopted the top 10 Sustainable Development Goals for the Company with plans to set targets for achieving the SDGs for the period up to 2030. Each of the priority SDGs is being developed to form strategic initiatives for sustainable development.
FOCUS 2019 The company continued to improve its corporate governance, focusing on international best practice and the principles of socially responsible investment (SOI).
FOCUS 2020 Formation of target values in the field of sustainable development. The goals will be achieved on the basis of roadmaps with an annual performance analysis and integration into the KPI system of the Company's management.
Integration of priority Sustainable Development Goals
When planning actions on the SDGs, the Company at the corporate level follows the Global Indicators System developed by the Inter-agency and Expert Group on Sustainable Development Goal Indicators (IAEG-SDGs) and agreed by the UN General Assembly in 2017 for the period up to 2030. The scorecard is revised annually by the UN Statistical Commission, taking into account the performance already achieved at the international level. The latest metrics update was published in March 2020. This approach allows systematize at the corporate level planning, analysis, assessment and reflection of progress in the implementation of the Sustainable Development Goals.
By setting targets for each SDG and KPI for their achievement, as well as the relationship between the value created or lost for society as a whole, the Company seeks to disclose what corporate actions are being taken towards achieving the SDGs, incl. actions that correct the business model and planning in order to ensure their own sustainable development, sustainable development of local socio-economic infrastructure and society as a whole
Key documents on the implementation of the Sustainable Development Goals are posted in the Group of the corporate social network “Joining of TATNEFT Company to the UN Global Compact and the Sustainable Development Goals” among the backbone documents.