Compliance of the Group's operations with the UN Sustainable Development Goals
Sustainable development activities of RusHydro Group are focused on achieving a number of Sustainable Development Goals (SDGs) adopted by the UN in September 2015
The Company has identified 13 SDGs which are particularly important for its operations, while sharing other SDGs and contributing to their achievement.
In 2017, RusHydro joined the UN Global Compact, the largest business initiative in sustainable developmentThe decision on the Company’s joining the UN Global Compact was made by RusHydro’s Board of Directors (MinutesNo.259 of October 30, 2017). . The Company shares ten principles on human rights, labor, anti-corruption, and the environment, and strives to ensure that the needs of the current generation will not compromise the opportunities of those who will come next.
On June 27, 2018, the Annual General Meeting of Shareholders resolved on RusHydro’s participation in the National Network of Global Compact Association. At the General Meeting of the members of the National Network of Global Compact Association held on September 26, 2018, Boris Bogush, Member of the Management Board, First Deputy General Director – Chief Engineer, was elected member of the Governing Board.
RusHydro’s main goals, objectives and corporate programs for achieving sustainable development goals
Goals and objectives
Programs, projects and initiatives
Regulatory framework of water regimes and protection of territories and population from floods.
Increasing the share of renewables in the energy mix.
Maximization of value for the state, shareholders, the Company and its employees.
Energy conservation and efficiency.
Implementing program of efficient collaboration with the System Operator and the Federal Water Resources Agency in terms of planning and managing the HPP water and energy regime.
Ensuring the functioning of the tariff adjustment mechanism in five out of nine regions of the Far Eastern Federal District to the average Russian level of RUB 4,3 per kWh. Acting as the scheme’s operator, RusHydro collects the surcharge to the capacity price (KOM price) and transfers these funds in full to budgets of regions of Russian Federation to energy companies of the Far Eastern Federal District to offset lost revenue caused by sales of power at reduced tariffs.
Launching new energy facilities (including HPPs and renewables).
Implementing RusHydro Value Growth Plan through to 2021 aimed at increasing the Company’s fundamental and market value.
Implementing Innovative Development Program of RusHydro Group for 2016–2020 an outlook until 2025.
Implementing the Concept for Reforming RusHydro’s Scientific and Design Capacities.
Implementing the Program of Energy Saving and Increased Energy Efficiency of RusHydro and RAO ES East through to 2020.
Achieving and improving ratings from the leading ratings agencies as recognition of socially responsible investments.
Implementing charity programs of the Company and its subsidiaries.
Reducing the risks of injuries and occupational diseases.
Ensuring availability of qualified personnel.
Fighting corruption and promoting efficient procurement.
Joining international initiatives and non-financial disclosures.
Carrying out initiatives to improve industrial safety and reduce injuries of RusHydro Group’s employees, contractors and third parties.
Insuring employees against industrial accidents.
Implementing programs for advanced personnel development (system of corporate elevators: supporting future specialists from school to RusHydro’s facilities).
Signing partnership and cooperation agreements with specialized universities.
Implementing the Anti-Corruption Policy and Conflict of Interest Management Policy. Initiatives to ensure compliance with the Code of Corporate Ethics.
Complying with and improving regulations on procurement of RusHydro Group and its subsidiaries.
Joining the UN Global Compact.
Annual sustainable development and CSR disclosures in accordance with GRI (as part of the integrated report since 2018).
Contributing to low-carbon development.
Conserving and restoring fish reserves in water bodies.
Promoting efficient water use.
Implementing the Environmental Policy in terms of ensuring low-carbon development.
Developing target indicators to reduce greenhouse emissions, and mechanisms for their achievement.
Developing and implementing a biodiversity conservation program.
Carrying out initiatives aimed at restoring fish reserves. Installing fish protection equipment.
Implementing RusHydro Group’s programs in terms of rational use of water resources.
Carrying out the oBEREGAi annual program for cleaning up rivers and reservoirs.
Creating tourist route in protected natural areas.