Annual Report 2017
Efficiency improvement
and sustainable development
Annual Report 2017
Mission and values
Meeting the requirements of the customers of TVEL Fuel Company both in the field of nuclear fuel cycle and in the related sectors, in strict compliance with requirements of safety, security, environmental and social awareness*

Strategic Vision of TVEL Fuel Company

Fuel Division is the global leader in front end of NFC and the related fields.

Workers of TVEL Fuel Company are governed by the Values shared by all organizations and enterprises of ROSATOM State Corporation. These core values were formed throughout the history of development of the nuclear industry in Russia and they conform with the global approach to determination of the fundamental principles of the industry.

* Mission as a part of the development strategy of TVEL Fuel Company was approved by the Strategic Board of ROSATOM State Corporation.

Values of TVEL Fuel Company

Taking responsibility for the result

  • Each of us bears personal responsibility to the state, the industry, the colleagues and the customers for the result and quality of our work.
  • We require excellence in everything we do.
  • We praise the result, not the effort.
  • A good result is the basis of our further progress.

Respect

  • We respect our customers, partners and suppliers.
  • We always listen to and hear each other regardless of the positions and jobs that we any of us may have.
  • We respect the history and traditions of the industry.
  • The achievements of the past inspire us to new levels of success.

A united team

  • We all are ROSATOM.
  • We have common goals.
  • Working as a team of likeminded colleagues, we can achieve truly extraordinary results.
  • Together we stand stronger and we can meet our most ambitious goals.
  • The achievements of our employees are the achievements of the Company.

Efficiency

  • We always look for the best solution.
  • We are efficient in everything we do.
  • When faced with a task, we use the company’s resources as rationally as possible and always seek to improve the work processes.
  • No obstacle can prevent us from finding the most efficient solution.

One step ahead

  • Our ambition is to be a leader in the global markets.
  • We are always one step ahead in terms of technology, knowledge and qualifications of our employees.
  • We can tell what tomorrow will bring and we stand prepared today.
  • We are always learning and developing.
  • Every day we attempt to do better than we did yesterday.

Safety

  • Safety comes first.
  • Our top priority in our operations is to ensure full safety of people and environment.
  • When it comes to safety, every little thing matters — we know our safety rules, strictly follow them and never hesitate to crack down on safety violations.

TVEL Fuel Company supports UN Sustainable Development Goals
In September 2015, the UN adopted the Sustainable Development Goals (17 global goals and 169 corresponding objectives), officially known as "Transforming Our World: the 2030 Agenda for Sustainable Development". These goals are aimed to contribute to prosperity while protecting the planet's environment. To achieve these Goals the joint efforts of the governments, private sector, civil society and the world citizens are required.

TVEL Fuel Company and its employees support the UN sustainable development goals. Being a socially responsible company, TVEL JSC aims to make a positive contribution to achievement of the goals that are closest to its activity: "Affordable and Clean Energy" and "Climate Action".

The relevant information about the Company’s contribution in UN goals achievement is marked with the pictograms in the Report.

Nuclear fuel produced by TVEL Fuel Company is operated by NPPs that command a large part in total power balance. Prime cost of electric power generated by NPP may compete with other types of power plants. The most considerable advantage of NPP is the absence of emissions of aerosols and greenhouse gases in the atmosphere, which is primarily due to the high quality, environmental friendliness and reliability of our products.

Public Integrated Report of TVEL JSC was prepared in accordance with the International Integrated Reporting Framework and GRI Standards.

Konstantin Sokolov
Vice-President for Communication, Administration and Energy Efficiency,
Chairman of the Committee on Public Annual Reporting of TVEL JSC