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Sakhalin Energy presented 2017 Sustainable Development Report

This is the company’s ninth report prepared in line with the standards of the Global Reporting Initiative (GRI). This standard allows the company to publish information critical for stakeholders regarding the company’s production, commercial, environmental and social performance and its outcome.

Pursuant to the GRI standards and taking into account the stakeholders’ opinion, Sakhalin Energy gives great importance to compliance with the company’s values and principles, management systems, HSE, human rights and social investments.

The report is focused on strategically important issues such as human resources management and development, organisation of production, environmental and industrial safety, preservation of biodiversity. The key topics include engagement with all stakeholders and Company’s contribution to the Sakhalin region’s sustainable development.

Elena Feoktistova, Managing Director of the RUIE Division for Corporate Responsibility, Sustainable Development and Social Business, praised the report for its high quality. 

She highlighted that the company had successfully implemented the principles of sustainable development and its goals and objectives were in correlation with the UN sustainable development goals.

For the third consecutive year, the report is thematic. The main theme of the 2017 Report is human rights. Respect for human beings and unwavering compliance with human rights are fundamental business principles of Sakhalin Energy. We strive to comply with the most advanced requirements of the legislation of the Russian Federation and international standards including the Universal Declaration of Human Rights, the principles of the UN Global Compact, and others. Special emphasis is given to the achievement of the 17 UN Sustainable Development Goals. 

“It is not the first time that Sakhalin Energy provides an open and transparent report fully disclosing information on its business activities”, Vladimir Zorin, Member of the Presidium of the Presidential Council for Interethnic Relations, said. He appreciated the company’s responsible attitude adopted towards environmental protection, engagement with stakeholders, preservation and support of the languages of indigenous minorities.

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The presentation was attended by representatives of scientific and expert communities, federal legal and executive bodies, business leaders, Sakhalin indigenous minorities, non-profit organisations, other community spokesmen and media representatives.

The report successfully passed the public endorsement procedure in the Council for Non-Financial Reporting of the Russian Union of Industrialists and Entrepreneurs (RUIE). 

28 April 2018

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