SUSTAINABLE DEVELOPMENT ACTIVITIES

Gazprom Neft consistently integrates sustainable development and social responsibility principles into its business strategy. The achievement of the Company’s objectives and its sustainable growth is based on the systematic and balanced management of its business, social, and environmental activities.

The Company’s sustainable development and social responsibility priorities are: industrial and environmental safety; occupational health and safety; energy conservation and energy efficiency; development of human resource potential; social support for employees; and contributing to the development of regions where the Company has a presence. The introduction of modern environmental and social management systems, which meet international standards, is crucial for the implementation of Company strategy in these areas.

The introduction of modern environmental and social management systems that meet international standards plays a key role in implementing the Company’s strategy in these areas.

The Company aims for continuous improvement in its industrial and environmental safety, by constantly reducing incident rates, industrial accidents and work-related illnesses. It also aims to minimise the environmental impact from its operations.

By increasing the competences of its human resources, Gazprom is creating an environment where its employees can successfully develop their innovative potential. In order to achieve this, the Company is creating and improving a system for employee motivation, professional development, and social support.

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 the regions where it operates. The Company’s social investments aim to improve quality of life and build a positive social environment for local people.

This section presents the main results and programmes in sustainable development. For more detailed information, please refer to Gazprom Neft’s Sustainable Development Report for 2013.