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The Company aims for openness and discloses its sustainability performance to stakeholders. Rosneft annually releases its corporate reporting on sustainable development.
Sustainability Reports are addressed to its stakeholders, investors, representatives of public and municipal authorities, employees, partners and clients, public and environmental organisations, scientific and educational institutions, and a broad range of stakeholders.
The Reports contain detailed consideration of a wide range of issues including industrial safety, occupational safety and health, climate action, digital transformation, innovations, personnel development and social security, and contribution to the social and economic development of regions of Company operations.
The Company applies the following methodologies when preparing its sustainability reporting:
- Sustainability Reporting Standards of the Global Reporting Initiative (GRI Standards edition);
- UN Global Compact principles;
- IFRS S1 and S2 General Requirements for Disclosure of Sustainability-Related Financial Information (including recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD); industry topics of Sustainability Accounting Standards Board (SASB));
- Recommendations of the Task Force on Nature-Related Financial Disclosures (TNFD);
- 2020 IPIECA/API voluntary guidance for the oil and gas industry;
- UNCTAD indicators for the entity reporting on contribution towards SDG implementation;
- Bank of Russia’s methodological recommendations and XBRL taxonomy.
Rosneft’s Sustainability Reports are subject to independent external audit.
