Oil Resources 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.
Oil Resources 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 Oil Resources 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.
Relations with stakeholders is one of the key components of the business process management system.
The key groups of stakeholders are defined in a number of the Company's regulations, including:
Relations with stakeholders are in place at every level of the Company's management; a wide range of mechanisms and forms of cooperation are used; they correspond to the nature of issues and the scope of joint interests.