About the report

Welcome to Gazprom Neft’s 2013 Sustainable Development Report. The Report outlines the principles and results of the In this Report, OJSC Gazprom Neft and all of its subsidiaries and affiliates.Company’s social and environmental activities during this period, and our commitment to social responsibility.

This is our eighth Development which meets the needs of the present without compromising the ability of future generations to meet their own needs (the definition by the UN International Commission for Environment and Development in the “Our Common Future” Report. Quoted from the The aggregate of systems and processes for collecting, consolidating, and delivering information reflecting the balance between financial, operational, social, and environmental aspects of the Company’s activity, principles and mechanisms for taking account of the interests of a wide range of stakeholders, managing the interaction with them in attaining goals important for the Company and the society.Sustainability Reporting Guidelines, version 3.0. Translation from English, GRI, 2006.)Sustainable Development Report since our first publication in 2007. Since 2008, Sustainable Development Reports have been published at the same time as Annual Reports. This enables the Company to consistently improve the quality of information on its sustainable development and social responsibility performance, and provides All individuals and legal entities interested in the Company’s activity and affecting, or affected by, the Company’s performance.stakeholders with a view of the Company in a wide strategic context.

The Report provides information about OJSC Gazprom Neft, its Subsidiaries of the Company.subsidiaries and affiliates (‘Gazprom Neft’, ‘the Company’, or ‘the Group’) for the calendar year 2013. The Company’s financial position and operating results are presented based on the consolidated data of Gazprom Neft. The Report draws on management and audited financial accounts of Gazprom Neft prepared using IFRS standards.

Unless otherwise indicated in the text, data on the Company’s social and labour relations and its performance in environmental protection include figures for Gazprom Neft and its subsidiaries and affiliates based in Russia and the CIS countries. The data was gathered and organised within corporate information systems to meet the information requests based on the recommendations of the An international organisation with the principal purpose of developing and implementing an authoritative and trusted sustainable development reporting system that may be used by organisations regardless of their size, activity and location.Global Reporting Initiative, GRI (An updated third version of the internationally recognised methodology of preparing reports on sustainable development, developed by the Global Reporting Initiative (GRI). (A table showing the location of information corresponding to the standard GRI-G3 elements in this Report is provided in Appendix 2). version G3.1).

When applying GRI, the Company followed Level B requirements, which call for broad disclosure that covers both standard performance indicators and management approaches. Some indicators from the GRI Supplement for the Oil and Gas Sector were also used. In addition to these tools, the Company also applied the recommendations of ISO 26000:2010 (Guidance on Social Responsibility). The Report addresses all of the key areas (subjects) of social responsibility specified in this standard.

The scope of sustainable development issues reflects the Company’s strategic priorities and information requests made by stakeholders regarding the economic, social and ecological aspects of its business. The range of issues covered by this Report is reflected in the Table of Contents. The primary areas (subjects) of the Report were selected taking into account The international social responsibility standard for organizations of all sectors and types that was adopted in 2010. ISO 26000 is a guidance standard defining the general concepts and principles of the organization of activity.ISO 26000:2010 provisions, GRI Sustainability Reporting Guidelines recommendations, and discussions with the Company’s key stakeholders in 2013.

The Report was subject to an independent public assurance by the Council for Non-Financial Statements of the For detailed information on the Council for Non-Financial Statements of the Russian Union of Industrialists and Entrepreneurs and on the rules of public assurance, see: http://рспп.рф/simplepage/138Russian Union of Industrialists and Entrepreneurs. The public assurance certificate is published in Appendix 1 to the Report.

The Report contains medium- and long-term plans. This information is of a forward-looking nature. The feasibility of the declared intentions depends, among other things, on factors (economic, social and legal) that are beyond the Company’s control or influence. Therefore, the actual results may differ from the indicative ones specified in the plans.

The Report is published in Russian and in English. It is also available on the Company’s website.