• RURussian version
  • ENEnglish version
  • Interactive analysis
  • Download report
  • In favorites
  • Map site

The Formation of Non-financial Reporting in Federal Grid Company

Understanding the Company's contribution to sustainable development began to be formed owing to participation in RAO UES of Russias initiative to introduce non-financial reporting in the power industry in 2006-2008.

In 2007, the Company for the first time prepared a chapter "Corporate and Social Responsibility" in its 2006 Annual Report.

As early as in 2008, after finalizing the Companys target structure, the first full-fledged non-financial 2007 Federal Grid Company Report was published. It became a launch attempt to describe the Companys activities in terms of its impact on various aspects of the country and societys life. At that time, as the main tool for managing CSR, the Company defined its Public position regarding CSR, i.e. it formulated the principles of decision-making and the Companys actions when interacting with stakeholders, and elaborated on its responsibility to various stakeholder groups. Then, the Company made a gradual transition from a fundamental and generalized understanding of its corporate social responsibility to the management of specific aspects of sustainable development, which are meaningful to stakeholders.

The Company all along has released its annual non-financial reports in accordance with international standards and "best practices", kept a dialogue with stakeholders and steadily increased the level of reporting, and the breadth and depth of its performance disclosure.

2007

Chapter "Corporate and Social Responsibility" in the 2006 Annual Report. This chapter defines a task to develop the CSR and non-financial reporting management practices, and an obligation to release in 2008 a full-fledged non-financial report.

2008

First 2007 Report on Corporate Sustainability and Social Responsibility: in accordance with the GRI guidelines (G3, C + level of application) and AA1000SES standard.

Dialogues on the topics:

  1. Federal Grid Companys strategy of interactions with the investment community: stakeholders requests;
  2. Communications with regional authorities when grid companies investment plans are coordinated: status and prospects of development; Public hearing of the Report.

2009

Second 2008 Report on Corporate Sustainability and Social Responsibility: in accordance with the GRI guidelines (G3 and industrial supplement, C + level of application) and AA1000SES standard.

Dialogue on the topics: The implementation of the Companys Environmental Policy and a reflection of this process in the Report.

Public hearing of the Report.

2010

Third 2009 Report on Corporate Sustainability and Social Responsibility: in accordance with the GRI guidelines (G3 and industrial supplement, B level of application) and AA1000SES standard.

Dialogues on the topics: Disclosure of information about the Companys activities aimed at ensuring and managing the UNEG performance reliability.

Public hearing of the Report (absentee consultations).

2011

Fourth 2010 Report on Corporate Sustainability and Social Responsibility: in accordance with the GRI guidelines (G3 and industrial supplement, B+ level of application), Basic figures of Russian Union of Industrialists and Entrepreneurs performance, and AA1000SES standard.

Dialogues on the topics:

Federal Grid Companys Innovative Development Program in the context of sustainable development.

Public assurance by the Russian Union of Industrialists and Entrepreneurs Council for Non-Financial Statements.

2012

Fifth 2011 Report on Corporate Sustainability and Social Responsibility: in accordance with the GRI guidelines (G 3.1 and industrial supplement, B+ level of application), and AA1000SES and AA1000AS standards, public assurance.

Dialogues on the topics:

  1. Federal Grid Companys Youth Policy: young professional training, recruitment, development and motivation system;
  2. The formation of Federal Grid Companys 2010-2012 Anti-Corruption Policy;
Public hearing of the Report.

2013

Sixth 2012 Report on Corporate Sustainability and Social Responsibility: in accordance with the GRI guidelines (G 3.1 and industrial supplement, B+ level of application), and AA1000SES standard, professional non-financial audit, public assurance.

Dialogues on the topics:

  1. Human Capital Management in Federal Grid Company;
  2. Environmental impact of Federal Grid Company: management, efficiency, plans.

Public hearing of the Report;

Professional non-financial audit, public assurance of the Report.

Total area spanned 75 Russian regions
square km
The length of our transmission lines is 131.6 thousand km.
This is equivalent to a spaceship orbiting the Earth four times.
A reliable energy sector
for Russias
economic growth
3 643 km
transmission lines
put into operation
in 2012
25 103
PEOPLE
Total number
of corporate
employees as of
31 December 2012
26%
over-fulfillment
of commissioning
plans for
substations