Sustainable Development
The Company’s understanding of sustainable development is consistent with the definition adopted by the United Nations (UN): Sustainable development is the development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
The Company’s main objective in the area of sustainable development is to maximise its operational pursuits’ contribution to the UN SDGs and to generate added value for stakeholders in the context of relevant national and international goals.
Rosseti Kuban JSC is responsible for reliable, high‑quality, and affordable electricity supply to consumers in the regions where it operates and understands the significance of its impact on the environment, society, and the sustainable development of the Krasnodar Krai, the Republic of Adygeya, and their economies.
On 29 December 2023, the Sustainable Development Policy of Rosseti PJSC and the Climate Change Policy of Rosseti PJSC were approvedResolution of the Board of Directors of Rosseti Kuban PJSC (Minutes No. 543/2023 dated 29 December 2023). as internal documents of the CompanyPublished on Rosseti Kuban’swebsite in the About the Company / Constitutive and Internal Documents section..
Promotion of the economic growth of the Company and the regions where it operates
Environmental protection
Care for the public
| Principles | Description |
|---|---|
| Safety of operations | Electric power assets are classified as high‑risk infrastructural facilities. The life and health of employees and the population of the regions where the Company operates is the key priority of the Company. Rosseti Kuban takes all necessary measures to ensure safe operations and prevent electrical injuries among social groups at risk |
| Conservation of the environment | The Company assumes responsibility for the economic, social and environmental consequences of its activities and strives to minimise their negative environmental impact |
| Accommodation of stakeholders’ expectations and interests | Rosseti Kuban recognises its stakeholders and incorporates their expectations and interests when setting strategic goals and priorities, as well as when conducting operational activities. The Company works to keep all stakeholders’ interests in balance and to create welcoming environments that facilitate productive communication |
| Consistency and transparency | Rosseti Kuban understands the value of having a transparent and constant communication with stakeholders, which involves disclosing information on performance and sustainability plans on a regular basis in compliance with legal requirements. The Company publishes only trustworthy information about the outcomes of its operations, including in the annual report, and guarantees that all stakeholders have access to such information |
| Mutual respect as the foundation for ethical business practices | A fundamental element of the Company’s corporate culture is its dedication to ethical business practices and cultivating respectful relationships. Rosseti Kuban always strives to fulfil its obligations under all circumstances. The Company does not tolerate corruption or bribery, aims to prevent them from happening, and expects the same zero tolerance from its employees, subsidiaries, and partners. Rosseti Kuban supports and encourages fair competition, in particular, it ensures transparency of the procurement process and does not restrict competition in procurement procedures |
| Risk management | The Company makes sure to identify, assess, and monitor risks, as well as take steps to minimise them. It also works out ways to develop and improve the risk management process based on best practices. |