About the report

Gazprom Neft’s report on sustainable development activities (Sustainability Report) for 2014 outlines the results of implementing the Company’s social responsibility principles and its approaches to achieving social and environmental objectives.

Gazprom Neft has published sustainability reports since 2007. Since 2008, these reports have been published at the same time as the Company’s annual reports. This enables the Company to present data about the social and environmental aspects of its activities in the context of its business strategy.

The report presents information about JSC Gazprom Neft and its subsidiaries and affiliates (hereinafter referred to as ‘Gazprom Neft’, ‘the Company’, and ‘the Group’) for the 2014 calendar year. The Company's financial position and operating results are presented using consolidated data from Gazprom Neft. The Report draws on the management and audited financial accounts of Gazprom Neft, drafted in accordance with IFRS standards. Unless otherwise indicated in the text, data on the Company’s social and labour relations and its environmental performance include figures for Gazprom Neft and its subsidiaries and affiliates based in Russia and the CIS.

The data was gathered and organized within corporate information systems to respond to information requests based on the recommendations of the Global Reporting Initiative (GRI). This report contains standard disclosures from the new version of the Sustainability Reporting Guidelines (GRI-G4). The transition to this new standard began during the reporting year. The standard disclosures index is provided in Appendix 2.

The Report was subject to independent public certification by the Non-Financial Reporting Board of the Russian Union of Industrialists and Entrepreneurs. The certificate is published in Appendix 1.

The report details the Company's medium- and long-term plans. This information is forward-looking in 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. The actual results may therefore differ from those indicated in the plans.

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

Report structure: priority themes

During the reporting year, the Company placed particular emphasis on determining the core themes to be covered in the Report. As in the previous reporting cycle, the provisions of ISO 26000:2010, the recommendations in the GRI Sustainability Reporting Guidelines, and discussions with the Company’s key stakeholders were all taken into account in determining these themes. The process of preparing the Report during the reporting year included dialogues with stakeholders in Orenburg and Muravlenko.

Paramount importance was given to those aspects of sustainable development where the Company's strategic priorities and the interests and expectations of stakeholders intersect. In particular, the Report provides detailed information on the economic, social, and environmental aspects of the Company's business that have the most noticeable effect on the wellbeing and prospects of stakeholders.

Major aspects
The basic thematic structure is determined by ISO 26000. Economic performance has been added in line with GRI recommendations.Themes Core aspects of themes Report sections
ORGANIZATIONAL GOVERNANCE Accountability, transparency, ethical behaviour, respect for stakeholder interests, respect for the rule of law SUSTAINABILITY MANAGEMENT AND STAKEHOLDER ENGAGEMENT
ECONOMIC PERFORMANCE Economic performance, market presence, implementation of innovations, support for domestic producers

ABOUT THE COMPANY;

SUSTAINABILITY MANAGEMENT AND STAKEHOLDER ENGAGEMENT

HUMAN RIGHTS Fundamental principles and labour rights, economic, social, and cultural rights

SUSTAINABILITY MANAGEMENT AND STAKEHOLDER ENGAGEMENT;

DEVELOPMENT OF WORKFORCE CAPACITY;

REGIONAL POLICIES AND DEVELOPMENT OF LOCAL COMMUNITIES

LABOUR PRACTICES Recruitment, labour relations, working conditions and social protection, occupational health and safety, professional development

DEVELOPMENT OF WORKFORCE CAPACITY;

SAFE DEVELOPMENT: ENVIRONMENTAL SAFETY AND OCCUPATIONAL HEALTH AND SAFETY

ENVIRONMENT Prevention of pollution, sustainable environmental management, environmental rehabilitation, energy conservation and efficiency SAFE DEVELOPMENT: ENVIRONMENTAL SAFETY AND OCCUPATIONAL HEALTH AND SAFETY
FAIR BUSINESS PRACTICES

Anti-corruption measures,

promoting social responsibility in the value chain

SUSTAINABILITY MANAGEMENT AND STAKEHOLDER ENGAGEMENT
CONSUMER ISSUES Protection of consumer health and safety, product and service quality

SUSTAINABILITY MANAGEMENT AND STAKEHOLDER ENGAGEMENT;

SAFE DEVELOPMENT: ENVIRONMENTAL SAFETY AND OCCUPATIONAL HEALTH AND SAFETY

COMMUNITY INVOLVEMENT AND DEVELOPMENT Socio-economic development of local communities, promotion of healthcare and sports, education and culture, support for vulnerable groups REGIONAL POLICIES AND DEVELOPMENT OF LOCAL COMMUNITIES