Development of Reporting on Sustainable Development

Gazprom Neft’s publication of an annual Sustainable Development Report is an essential component of its stakeholder engagement. The disclosure of information concerning the social and environmental aspects of the Company's business in conjunction with financial and economic information, and information about the Company's management, provides an integrated view of the Company’s current and future development.

In 2007, the Company prepared and published its first Sustainable Development Report. Since 2008, it has synchronized the drafting of its Sustainable Development Report and the corporate Annual Report through a joint working group. Since 2010, the Company has used the international Sustainability Reporting Guidelines of the Global Reporting Initiative (GRI) to prepare this Report. During the reporting year, the Company began shifting to the new version of this standard, GRI-G4. Specifically, this version places stricter requirements on the determination of substantive topics and particular emphasis on promoting the principle of social responsibility in the supply chain.

Since 2012, the Company's reports have undergone independent public certification by the Non-Financial Reporting Board of the Russian Union of Industrialists and Entrepreneurs

Stakeholder engagement

Gazprom Neft’s sustainability reports have received high praise from stakeholders. The Company’s leadership in sustainability reporting was recognized in 2013 by a diploma awarded by the Moscow Stock Exchange, and in 2014 when Gazprom Neft won the Russian Union of Industrialists and Entrepreneurs’ Leaders of Russian Business: Trends and Responsibility competition in the High Quality Sustainability Reporting category.