Development of Reporting
on Sustainable Development
Gazprom Neft publishes its Sustainable Development Reports annually and considers them as an essential tool to increase informational transparency.
- In 2007, the Company prepared and published its first sustainability development report.
- In 2008, it has synchronised the drafting of its Sustainable Development Report with the Annual Report through a Joint Working Group.
- In 2010, the Company considered and implemented the principles of sustainable development reporting as set out in the International Sustainability Reporting Guidelines of the Global Reporting Initiative.
- In 2011, GRI confirmed the Company’s compliance with GRI level B requirements. In the course of preparing the 2011 Report, the Company assessed its compliance with the provisions of ISO 26000.
- In 2012, the Company expanded its scope of assessment to include the sustainable development and corporate social responsibility management system.
The Company considers its ISO 26000-based internal assessment to be an essential component of continuous improvement of its activities in sustainable development and social responsibility.
The contents of the Sustainable Development Report include a set of important topics defined by ISO 26000 and prioritised by stakeholders. The importance of core topics is also determined depending on the social context and business commitments, including those contained in international (UN Global Compact) and Russian documents (Social Charter of Russian Business).
The core topics of primary importance for the stakeholders are defined based on the analysis of feedback, sociological studies, media monitoring and focus groups as well as in the course of a direct dialogue as part of specific activities of the Company.
In the reporting period, the Company’s Sustainable Development Report 2012 was subject to an independent public affirmation by the Council for Non-Financial Statements of the Russian Union of Industrialists and Entrepreneurs.
- In 2013, the Company began preparations for adoption of the new version of the A new, fourth version of the internationally recognised methodology of preparing reports on sustainable development, developed by the Global Reporting Initiative (GRI).GRI G4 standard. Following the recommendations of this version, work was initiated to establish procedures aimed at defining the scope of essential issues to be covered by the Report subject to the results of internal and external stakeholder engagement. The Report included the targets for 2014 and the medium-term outlook for these issues; the range of social development indicators was also expanded.
In line with the corporate reporting global trends and drawing on the experience gained by integrating the annual and sustainability reporting process, the Company considers preparing and publishing an integrated corporate report in the future.
The 2013 Report was subject to an independent public affirmation by the Council for Non-Financial Statements of the Russian Union of Industrialists and Entrepreneurs.
The Company’s leadership in the area of the sustainability reporting was recognised by a diploma awarded to it by the Moscow Exchange in the reports competition held in 2013.