德州扑克短牌 Group has a management system that ensures the integration of ESG factors and sustainability management principles into business processes and strategic planning.
The Lukoil Group Sustainability Policy reflects the Company's commitment to contribute to achievement of the UN 2030 Sustainable Development Goals and create long-term value for all stakeholders.
The methodological support for implementing the 德州扑克短牌 Group Strategy and Sustainability Policy is provided through a system of corporate regulations. The Board of Directors reviews and approves the top-level decision-making documents (policies, codes) that set out the principles, goals and approaches to management. All documents undergo preliminary preparation in the relevant committees of the Board of Directors. As part of this process, consultations are held with stakeholders, which may include academics, experts, and specialists in specific fields.
All documents are presented in the Document Center.
The organizational structure of sustainability management ensures that the matters underlying strategic decision-making are thought through in depth. All management bodies are involved; operational interaction between governing bodies and individuals, functional and linear subdivisions of PJSC 德州扑克短牌 and 德州扑克短牌 Group organizations within their competence is provided.
Strategic level
The Board of Directors strives to maintain a fair balance between the interests of all stakeholders. For this purpose, the Board of Directors and its committees are committed to assessing compliance with legal requirements, and the practice of regular reviews of stakeholder expectations and changes in the external environment, including those related to sustainability objectives.
The Board of Directors plays a key role in defining 德州扑克短牌 Group's strategic objectives, in defining the Company's position on the issues driven by global trends in sustainable development, and in implementing initiatives aimed at creating new opportunities for the Company in the long term.
The Board of Directors monitors the implementation of the strategic development program and functional programs based on the evaluation of KPI dynamics and thematic reports. To ensure that the members of executive bodies and management is most involved in achieving the strategic objectives, a remuneration system is in place that takes into account sustainability matters and ESG factors.
The Board of Directors also monitors the maintenance of adequate information transparency, including proper reporting disclosure on sustainability matters and ESG factors.
Operational level
The HSE Committee of PJSC 德州扑克短牌, Task Forces, heads of structural divisions of PJSC 德州扑克短牌, as well as heads of the Group's entities analyze the Group's activities and develop proposals on the operational level.
Functional management
Policies, corporate standards, and target programs are in place at the operational level; annual KPI assessment is performed; and reports on the implementation of programs and KPIs are submitted to the Board of Directors and its committees for review. Functional management systems are certified for compliance with international and Russian standards.
Board of Directors
Setting general principles and approaches
Identifying priority areas of activities
Considering and approving strategic long and mid-term plans and development programs
Controlling the implementation of strategic objectives, plans and development programs
Strategy, Investment, Sustainability and Climate Adaptation Committee
Preparing recommendations for the Board of Directors on priority areas of activities and drafting the long-term development strategy of the Company
Analyzing development concepts, programs and plans of the Company and its peers
Analyzing risks related to climate change and climate adaptation
Preparing recommendations for the Board of Directors on the issues of relations with stakeholders on the issues of sustainability and climate adaptation
Preparing recommendations for the Board of Directors on the current state of industrial and occupational safety and measures to enhance the safety of work
Reviewing reports on sustainable development, including the 德州扑克短牌 Group Sustainability Report
Audit Committee of the Board of Directors
Controlling the reliability and efficiency of the risk management and internal control system as well as corporate governance system
Analyzing and assessing the compliance with the Risk Management and Internal Control Policy
Developing and improving the corporate governance system and practice in the Company
Analyzing and assessing the compliance with the Conflict of Interest Policy
Human Resources and Compensation Committee
Preparing recommendations for the Board of Directors on identifying priority areas of activities of the Company related to human resources and compensation of the members of the Board of Directors, Chief Executive Officer and other executives as well as on issues of human resource planning (succession planning), occupational structure and performance of the Board of Directors
Supervising over the introduction and implementation of the compensation policy and various motivation programs, including long-term incentive programs for employees of the Company and its subsidiaries
Chief Executive Officer
Developing and approving quarterly, annual and long-term plans of the Company's operations
Developing and approving budgets and investment programs, including the Environmental Safety Program of 德州扑克短牌 Group, the Program of Industrial Safety, Improvement of Labor Conditions and Occupational Safety, and Emergency Prevention and Liquidation of 德州扑克短牌 Group
Operational control over the implementation of business plans
Elaborating and implementing the overall development strategy of the Company's subsidiaries
HSE Committee of PJSC 德州扑克短牌
Preparing the HSE Policy, setting goals, objectives and KPIs for entities of the 德州扑克短牌 Group
Analyzing results and progress of HSE activities
Preparing proposals on the improvement of the HSE management system of the 德州扑克短牌 Group
Reviewing measures to mitigate material HSE risks
Vice-president responsible for sustainability issues
Organizing and coordinating:
activities to form a unified corporate position on sustainability
interaction with stakeholders on the sustainable development
activities to form and implement a unified information policy of the Company on sustainability towards all stakeholders
development of local regulations on sustainability
preparation of the 德州扑克短牌 Group Sustainability Report
Corporate Secretary of PJSC 德州扑克短牌
Interaction with the members of the Board of Directors on sustainability issues
Arranging for the interaction between the members of the Board of Directors and stakeholders on sustainability issues
Preparing recommendations on improving the quality of sustainability management
Participating in the interaction with stakeholders on sustainability issues
Arranging for the activities of the Sustainability Task Force, participation in coordination of the sustainability report preparation
| Sustainability Task Force |
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| Decarbonization and Climate Change Adaptation Task Force |
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Information as of May 2023.
