Structure of sustainability management system
In 2017 a more clearly structured hierarchy was created to manage issues related to sustainability, from the Board of Directors to LUKOIL Group subsidiary level.
|PJSC LUKOIL Board of Directors|| |
When drawing up and approving plans, budgets, and investment programs the Board of Directors takes into account the need to achieve the goals defined in the Environmental Safety Program, the Human Resources Management Program and Functional Strategy, and charity and sponsorship programs.
|PJSC LUKOIL Management Committee|| |
|Strategy and Investment Committee of the PJSC LUKOIL Board of Directors|| |
In 2018 we plan to amend the Regulations on the Strategy and Investment Committee of the PJSC LUKOIL Board of Directors, with the goal of strengthening the functions related to sustainability.
|HR and Compensation Committee of the PJSC LUKOIL Board of Directors|| |
|Health, Safety, and Environment (HSE) Committee of PJSC LUKOIL|| |
|Risk Committee|| |
|Working Group on preparing the Sustainability Report|| |
Monitoring and assessing operations
Monitoring the attainment of sustainability goals and targets on a day-to-day level is performed in the Head Office of PJSC LUKOIL by the directors of structural divisions; in LUKOIL Group subsidiaries, the heads of each Group subsidiary are responsible for sustainability performance.
Mrs. Toby T. Gati, member of the PJSC LUKOIL Board of Directors and Strategy and Investment Committee of the PJSC LUKOIL Board of Directors, is consulted on issues related to information disclosure about the Company’s sustainability efforts and how the Report is received by foreign audiences (including UN organizations, the investment and financial community, and other stakeholders).
Evgeniy Khavkin, Member of the Management Committee of PJSC LUKOIL, Vice President and Chief of Staff of PJSC LUKOIL, became Head of the Working Group on preparing the Sustainability Report in October 2017 and oversees related business processes.
Natalia Podolskaya, Corporate Secretary of PJSC LUKOIL, and the Office of the Corporate Secretary, participates in coordinating the preparation of the Report and responds to questions from shareholders and investors about the Company’s performance related to sustainability.
Working Group on preparing the Sustainability Report
In October 2017 a Working Group on preparing the Sustainability Report was created (the “Working Group”) with the aim of enhancing the system for collecting, preparing, and disclosing reporting information. The Group includes the heads of PJSC LUKOIL divisions. Issues related to improving the sustainability activity of the LUKOIL Group as a whole can also be considered by the Working Group.