In its activities the Company pursues the sustainable development principles and aims to ensure a good balance between socio-economic and environmental development. The Company's Sustainable Development Concept includes the following:
Neftesib is a responsible member of the civil society and a bona fide player on the market. While realizing its responsibility towards all the stakeholders in the regions of its presence, the Company pursues a socially responsible policy in the area of environmental protection and environmental management system, handles labor and employment issues, organizes large-scale charitable events and sponsorship campaigns. Neftesib develops the Company's responsible business practices in the field of charity, social partnership, environment, and support to indigenous minor nations of the North.
Sustainable development objectives are integrated into the general business strategy and achieved as part of the target programs and development plans developed for specific business segments.
While developing and approving plans, budgets and investment programs, the Board of Directors takes into account the objectives outlined in the Environmental Safety Program of the Neftesib Group Organizations, as well as in the Policy and Functional Strategy for Personnel Management, and in the charity and sponsorship programs. Achievement of strategic objectives is monitored at the strategic and operative levels.