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ESG
Rosneft Becomes a Constituent of FTSE4Good Stock Index Leading on Core Sustainability Metrics

Press release
The best Russian oil and gas company in the Global CDP climate change
and water security rating

The climate change rating increased by four notches to B
Rosneft was assigned the B- water security rating participating for the first time

Press release Press release
One of the leaders
(ahead of most oil and gas companies in the world)

The rating increased by 1.7 points to 68.9

In the industry top five

The rating increased by 9 points to A

Record high rating improvement

The rating increased by 12 points to 57

The best Russian Company in the rating

The rating increased by 11 points to 32,7

Press release
Support for International Sustainable Development Initiatives

Since 2010, Rosneft has been a party to the United Nations Global Compact – the most extensive international sustainable development initiative uniting over 12 thousand companies from more than 160 countries. The Global Compact declares 10 principles in the areas of human rights, labor relations, environmental protection, and countering corruption that shall be followed by the parties of their own free will. The Global Compact calls on parties to support the UN’s sustainable development goals aimed at enhancing the well-being of the present and future generations. Company submitted annual Advanced Communication on Progress (CoP)

As a party to the UN Global Compact, Rosneft makes all efforts to meet the growing energy resource demands of the world economy, which is necessary for balanced social and economic development and improving living standards.

Human rights
Principle 1

Businesses should support and respect the protection of the international proclaimed human rights.

Principle 2

Businesses should make sure that they are not complicit in human rights abuses.

Labour standards
Principle 3

Businesses should uphold freedom of association and effective recognition of the right to collective bargaining.

Principle 4

Businesses should uphold the elimination of all forms of forced and compulsory labor.

Principle 5

Businesses should uphold the effective abolition complete elimination of child labour.

Principle 6

Businesses should uphold the elimination of discrimination in employment and occupation.

Environment
Principle 7

Businesses should support a precautionary approach to environmental challenges&

Principle 8

Businesses should undertake initiatives to promote environmental responsibility.

Principle 9

Businesses should encourage the development and diffusion of environmentally friendly technologies.

Anti-corruption
Principle 10

Businesses should work against in all its forms, including extortion and bribery.

The UN Global Compact principles are taken into account both at the strategic and operational management levels.

These principles are integrated into the Rosneft-2022 Strategy and incorporated into the system of local regulations that directly set the functioning of the Company’s major business processes.

One of the main values of Rosneft is responsible business management. The Company adheres and shares principles of basic international declarations for human rights, labor relations, combatting corruption, environment control, including: 

  • UN Universal Declaration of Human Rights;
  • UN Declaration on the Environment and Development;
  • OECD Guidelines for Multinational Enterprises;
  • The ILO  Declaration on Fundamental Principles and Rights at Work;
  • The ILO Freedom of Association and Protection of the Right to Organize Convention (No. 87);
  • The ILO Right to Organize and Collective Bargaining Convention (No. 98);
  • The ILO Discrimination (Employment and Occupation) Convention (No. 111).

The principles of these international documents are formalized in the Company’s local regulations and integrated into corporate business processes.

 

 

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