Company’s Position and Priorities in the Area of Sustainable Growth and Social Responsibility

Gazprom Neft believes meeting sustainable development and socialThe Company shares the definition of sustainable development which is adopted in the international business community and envisaged in ISO 26000:2010 “Guidance on social responsibility” international standard (Russian version – ГОСТ Р ИСО 2600:2012) as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. responsibility principles to be one of its key long-term competitive advantages. Fulfilment of the Company’s objectives and its sustainable growth are based on the systematic and balanced management of its business, social and environmental activities aimed at harmonising societal interests and business development.

Gazprom Neft’s priorities in the area of sustainable growth and social responsibility are based on the mission and strategic goals of the Company. Accordingly, the Company aims to ensure continuous enhancement of industrial and environmental safety, consistently reduce rates of incidents, industrial accidents, and work-related illnesses, and minimise the impact of its operations on the environment. By building its HR capacity, Gazprom Neft creates a context where its employees can develop their potential to the fullest possible extent. To this end, the Company is creating and improving a system for employee motivation, professional development, and social support.

Gazprom Neft aims to ensure dynamic growth and enhanced efficiency of its core operations while consistently enhancing the efficiency of social investments in HR and local communities and reducing the specific load on ecosystems.

Gazprom Neft contributes significantly to the social and economic development of Russian regions as a major taxpayer, employer, and a partner of governmental authorities and local communities in resolving social and economic development issues in its regions of operation. The Company’s social investments are aimed at improving quality of life and building a comfortable social environment for the people living in these areas.

The Company is developing a comprehensive approach to managing its impact on social and economic systems and ecosystems. The implementation of modern environmental and social management systems that meet international standards plays a key role in this process.

Company’s system of sustainable development priorities

The Company understands that large-scale growth of a business entails a load on the environment and therefore seeks to minimize the negative environmental impact of oil production and refining and to improve the environmental compatibility of its products.

Gazprom Neft regularly analyses the impact of its activities on the environment and society. When developing new projects, the company carefully assesses the potential social and environmental impact of their implementation. Gazprom Neft maintains an active dialogue with all stakeholders and takes their expectations into account when making management decisions. The Company implements its sustainable development strategy based on to the best international practices in this area.

GAZPROM NEFT IS COMMITTED TO ENSURING THE CONTINUOUS IMPROVEMENT OF ITS H&S PERFORMANCE AND INVESTMENTS IN THE DEVELOPMENT OF ITS PERSONNEL AND THE SOCIAL POTENTIAL OF ITS OPERATING REGIONS.

The Company self-assessment of the organisation of its activity conducted in accordance with ISO 26000 international standard showed that the understanding of the principles of sustainable development and social responsibility at the Company meets the requirements of this international standard in terms of terminology and general principles contained in the corporate guidelines, and in the documents that formalise the relationship with key stakeholders.