Rosneft published the Code of Suppliers of Goods, Works, and Services in the Area of Human Rights Observance
Rosneft respects and strictly observes, in its activities, human rights and freedoms in accordance with the UN Universal Declaration of Human Rights, the Social Charter of the Russian Business, generally recognized norms in the area of human rights and freedoms protection, and in accordance with applicable laws of the Russian Federation and other countries where the Company operates.
Since 2007, the Company has been publishing sustainability reports in accordance with the international standards of the Global Reporting Initiative (GRI). Rosneft is also a member of the UN Global Compact, thereby confirming its commitment to compliance with human rights, and annually updates its public statement 'Rosneft: Contribution to the UN Sustainable Development Goals'. In July 2020, the Company presented its Public Statement on Human Rights and the Declaration on Human Rights in Interaction with Suppliers of Goods, Works, and Services.
Development of the Supplier Code of Conduct is a continuation of Rosneft's comprehensive efforts to observe human rights and freedoms all across its supply chain of goods, works and services. The Company expects its suppliers and contractors to implement the Code and adhere to it in carrying out their activities.
In recent years, Rosneft has been one of the largest consumers of goods, works and services among Russian companies. In 2020, the volume of the Company's purchases from third-party contractors amounted to more than 2.7 trillion rubles. More than 137 thousand procurement procedures were placed on the electronic trading platform of TEK-Torg JSC.
Rosneft has been awarded high positions in recognized international sustainable development ratings (ESG; Environment, Social, Governance; environmental protection; social sphere and governance) reflecting the whole spectrum of human rights.
In November 2019, Rosneft Oil Company was recognized as the leading Russian company in the CHRB (Corporate Human Rights Benchmark) international rating regarding the observance of human rights. The Company's rating exceeded the industry average and is higher than the respective indicators of all other Russian producers participating in the rating. In this regard, Rosneft also surpassed such majors as ExxonMobil, PetroChina, ONGC, OMV, etc.
Sustainalytics, an international agency, twice improved the company's position in its ESG rating in April. With a score of 33.9, Rosneft became the best in the Russian oil and gas sector. Rosneft was also included for the second year in a row in the FTSE4Good list of companies with a high score in the field of ESG, as well as transparency in disclosure. Moreover, Rosneft is the leader of the Bloomberg ESG rating among leading oil and gas companies, and is among the top ten industry leaders in the Refinitiv rating.
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OJSC Oil Company Rosneft published this content on 08 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 10:09:09 UTC.