RUEN
2019 Interactive Sustainability Report

Priority Sustainable Development Goals

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

ECONOMIC ASPECT

  • Participation in the development of the national fuel and energy complex infrastructure.
  • Job creation.
  • Added value creation.
  • Assistance to local economies.
  • Introduction of innovations.
  • Ensuring financial and economic stability of the Group’s enterprises.
  • Development of the in-house research and production base integrated with the leading industry research centers.

INNOVATIONS

  • The Company’s strategy is based on the principles of innovative development.
  • The target focus includes the technologies required to implement the Strategy for overcoming challenges that hinder its achievement. The Company develops and implements consistently the most cutting-edge solutions, many of which are unique in the industry and in the technology supply market. Interaction with the national and foreign leading scientific, technical, and technological centers allows for the integration of production tasks and extensive experience with innovative scientific potential in all areas of the Company’s operation.

SOCIAL ASPECT

  • Law compliance.
  • Respect for human rights.
  • Positive public opinion.
  • Quality management.
  • Provision of high quality goods and services.
  • Continuous improvement of product quality.
  • Strive to follow changing demands of consumers.
  • Provision of reliable information about the Company’s products
  • Assistance in the social and economic development of the regions of the Company’s operation.
  • Support of local communities in the areas of presence.
  • Development of human capital in the territories of the Company’s operation.
  • Solving socially significant issues in the territories of the Company’s operation through cooperation with local communities.
  • Promotion of education, culture, and sports.
  • Support for vulnerable social groups
  • Ensuring competitive compensation and social benefits for employees.
  • Development and training of personnel, formation of personnel reserve.
  • Good working conditions.
  • Development of effective corporate communication with all stakeholders.
  • Implementation of best social practices.

ECOLOGICAL ASPECT

  • Environment protection.
  • Use of recyclable materials.
  • Use of environment-friendly energy sources.
  • Energy saving.
  • Waste treatment.
  • Ensuring safe working conditions, protection of health of the personnel and the population living in the areas of the Company’s operation.
  • Reduction of man-caused impact on environment and prevention of environmental damage from economic activities.
  • Rational use of natural resources.
  • Implementation of a set of measures to maintain the environment in the regions of the Company’s operation at the standard admissible level complying with the potential of natural ecosystems for self-recovery.
  • Increasing the level of industrial safety and labor protection, reducing injuries, accidents, occupational diseases.
  • Reduction of man-caused impact and maintenance of natural environment and human habitat in a favorable state.
  • Rational use, restoration, and protection of natural resources, biodiversity conservation.
  • Combating climate change.

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.