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RSPP sustainable development indices confirm SUEK's leadership in social responsibility

11 December 2018

On 11 December, the Russian Union of Industrialists and Entrepreneurs (RSPP) announced the figures of the fifth annual set of indices related to sustainable development, corporate responsibility and reporting. As usual, SUEK was among the leaders in these indices.

In the Responsibility and Openness Index (extent and quality of information disclosure), SUEK joined Group A, i.e. the top ten, along with ALROSA, Gazprom, LUKOIL, Rosneft, Norilsk Nickel, Severstal, AFK Sistema and others. All leading companies are listed in alphabetical order.

In the Sustainable Development Vector Index, which shows the direction of changes and the performance of companies in the field of sustainability, SUEK is also in the group of leaders (this group uses alphabetical order as well).

'SUEK's primary shareholder, Andrey Melnichenko, and the company's CEO, Vladimir Rashevsky, are strongly convinced that the company's social responsibility is a pre-requisite for its long-term development. These are investments in development, they work and create, which makes us confident in the stable operation of production units and high-quality labour supply for many years to come. We are happy that our work is highly appreciated by professionals, as it is very important for an objective analysis of our activities, as well as for the development of a corporate social responsibility system in the country, for identifying and promoting the best experience and the most successful practices,' Sergei Grigoriev, Public Relations and Communications Director of SUEK, said.

SUEK traditionally sits at the top in the indices of the Russian Union of Industrialists and Entrepreneurs. RSPP has been publishing indices in the field of sustainable development, corporate responsibility and reporting since 2014, as part of its project to assess the responsibility and information transparency of large Russian companies. The index is based on the analysis of public reporting. The Responsibility and Openness Index describes the situation in the area of corporate information disclosure regarding sustainable development and corporate responsibility. The Sustainable Development Vector Index shows the performance dynamics in this field and assesses the direction of changes in the main socio-economic and environmental indicators over a number of years. Russian companies recognise the project as a benchmarking tool. It is included in the international database of sustainability indices and ratings, The Reporting Exchange. All 2018 indices were independently audited by FBK Grant Thornton.

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