* Taking into account the objective industry-specific limitations.
This approach allows to respond quickly to potential risks related with stakeholders relations, in particular with those of social and reputation nature.
System of relationships with each group of stakeholders influences and will influence the operations of TVEL Fuel Company, that's why due consideration of their interests in planning and in the course of daily operations is the most important condition of sustainable development. Analysis of the key events, major financial and production outcomes and the Company's performance in the sphere of sustainable development demonstrates that social capital is among the major sources of business stability. Position of the Company in the sphere of sustainable development is shown in Annual Report of TVEL JSC for 2014.
Public Reporting System of TVEL Fuel Company
In accordance with the Policy of ROSATOM applicable to public reporting, TVEL JSC generated the system of public reporting which represents the combination of elements, processes and connections between them ensuring the activity with regard to public reporting and its development.
The primary elements of the public reporting system are the following: the operational centre of responsibility, regulatory framework, the representatives of stakeholders (participating in preparation of the reporting data), and infrastructure support (consultative and instructional support, audit, etc.).
Documents governing the public reporting of TVEL JSC:
- The standard of public annual reporting of TVEL JSC;
- The rules of public annual reporting of TVEL JSC;
- Charter of the Committee Of Stakeholders of TVEL JSC;
- Charter of the Committee on Public Annual Reporting of TVEL JSC.
The operation of the public reporting system of TVEL JSC is based on the work of variety of subunits. The main functions are divided between the vice-presidents of TVEL JSC, the Committee on Public Annual Reporting of TVEL JSC, and the Information Policy and Communications Department.
The KPI card of the Head of Information Policy and Communications Department includes the index "Awards in Federal Contests"; the KPI indicator was on the top level during the last four years - Annual Reports of the Company obtained more than 3 awards.
In 2017, the annual report was prepared in accordance with the new GRI standards for the purpose of improving public reporting system.
Public reporting system development in 2017:
- Audience building in dialogues with stakeholders in the course of preparing public reporting.
- Holding of a series of presentations of the Annual Report 2017 and its brief version at internal and external events.
Public reporting system improvement plans in 2018:
- organization of a hotline and seminars on preparation of public reporting by subsidiaries, in particular, on practical issues of new GRI Sustainability Reporting Standards application;
- Holding of a series of presentations of the Annual Report 2017 and its brief version at internal and external events.
- Advanced training of company's staff engaged in preparation of public reporting at specialized seminars and round-table conferences.
Diagram 39
Table 60
Group of stakeholders | Key interests | Key interests | Performance indicators for TVEL Fuel Company | Institutes and system-based interaction | Programs and events |
|---|---|---|---|---|---|
ROSATOM State Corporation |
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Consumers |
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Subsidiary companies |
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Labor collective and trade unions |
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Partners |
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Suppliers |
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Local authorities, regional authorities |
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Federal Authorities |
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Public and Environmental Organizations |
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Scientific and Expert Community |
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TVEL JSC Annual Report 2016 Awards:
- Prizewinner in the nomination "The Best Report on Corporate Social Responsibility and Sustainable Development" of the XX annual contest of annual public reporting of the Moscow stock exchange.
- Top position and the title "Leader of Corporate Transparency among State-Owned Companies" in the rating "Corporate Transparency of the Largest Russian Companies-2017" of the Russian Regional Network on Integrated Reporting.
- 2nd place in general rating of industry-specific contest of annual public reporting of ROSATOM.
- Platinum winner in the International Competition MarCom Awards 2017 (USA) in category Annual Report (Print Media | Print Creativity)
- Silver title in international award «LACP 2017 Spotlight Awards Global Communications Competition» in category "Print: Annual Report. Companies with a Turnover USD 1–10 bln", and is in TOP-100 world’s best annual reports.
Stakeholders engagement events during the preparation of the Report 2017
Participants of these dialogues were the representatives of ROSATOM State Corporation, industry partner organizations, subsidiaries, environmental, public, trade union organizations, higher educational institutions, local governmental authorities, mass media, consultants and auditors.
In November 2017 TVEL JSC organized an off-site dialogue on the concept of Annual Report 2017. The Report concept developed by the Company with account of the proposals from the Stakeholders Commission was presented; the participants gave recommendations which allowed to finalize and refine the concept of the Report.
In the course of the dialogue held on February 16, 2018, participants discussed the issues of preparation of TVEL JSC Public Annual Report 2017, summarized some outcomes 2017, presented the priority issues to be disclosed in the Report: "Improvement of Efficiency and Sustainable Development of ROSATOM TVEL Fuel Company".
The draft annual report of TVEL JSC 2017, which was prepared in accordance with recommendations of the stakeholders given in the course of the dialogues, was presented during the public consultations on April 25, 2018. Following the event the proposals were made by the stakeholders on the information to be disclosed in the Report.
The table specifying the stakeholders' comments is given in an interactive version of the Report. The minutes of the dialogues are available at: http://tvel.ru/wps/wcm/connect/tvel/tvelsite/finance/annual_report/dialog/.