Table of Compliance with GRI Guidelines, Financial Services Sector Supplement and UN Global Compact’s Principles
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Disclosure/GRI Performance Indicator |
UN Global Compact’s Principles |
Sections of the Report/Comments and Additional Information/References to Other Sources |
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1.1 Statement from the most senior decision-maker of the organization (e.g., CEO, chair, or equivalent senior position) about the relevance of sustainability to the organization and its strategy |
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1.2 Description of key impacts, risks, and opportunities |
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2.1 Name of the organization |
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2.2 Primary brands, products, and/or services |
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2.3 Operational structure of the organization, including main divisions, operating companies, subsidiaries, and joint ventures |
Strategy Implementation. Sustainability Objectives and Initiatives Vnesheconombank’s Annual Report 2013 The VEB Group entities’ annual reports 2013 available from official sites |
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2.4 Location of organization’s headquarters |
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2.5 Number of countries where the organization operates, and names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the report |
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2.6 Nature of ownership and legal form |
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2.7 Markets served (including geographic breakdown, sectors served, and types of customers/beneficiaries) |
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2.8 Scale of the reporting organization |
Vnesheconombank Group: Key Highlights |
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2.9 Significant changes during the reporting period regarding size, structure, or ownership |
In 2013, no significant changes regarding size, structure, or ownership were recorded in Vnesheconombank and the VEB Group entities |
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2.10 Awards received in the reporting period |
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3.1 Reporting period (e.g., fiscal/calendar year) for information provided |
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3.2 Date of most recent previous report (if any) |
The VEB Group’s Sustainability Report 2012 was published in 2013 |
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3.3 Reporting cycle (annual, biennial, etc.) |
Vnesheconombank publishes its non-financial reports on an annual basis |
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3.4 Contact point for questions regarding the report or its contents |
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3.5 Process for defining report content |
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3.6 Boundary of the report (e.g., countries, divisions, subsidiaries, leased facilities, joint ventures, suppliers) |
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3.7 State any specific limitations on the scope or boundary of the report |
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3.8 Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organizations |
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3.9 Data measurement techniques and the bases of calculations, including assumptions and techniques underlying estimations applied to the compilation of the Indicators and other information in the report |
Vnesheconombank deploys its own internal data collection system. To collect and consolidate non-financial information regarding the Group, Vnesheconombank uses inquiry forms developed in the light of specific nature of each subsidiary’s operations and corresponding to the GRI Guidelines (Version 3.1) |
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3.10 Explanation of the effect of any re-statements of information provided in earlier reports, and the reasons for such re-statement (e.g., mergers/ acquisitions, change of base years/periods, nature of business, measurement methods) |
There are no re-statements of information provided in the VEB Group’s Sustainability Report 2012 |
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3.11 Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report |
There are no significant changes from the previous reporting period in the scope, boundary, or measurement methods applied in the report |
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3.12 Table identifying the location of the Standard Disclosures in the report |
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3.13 Policy and current practice with regard to seeking external assurance for the report |
Conclusion Based on the Results of the Non-Financial Audit of the Report The Certificate of Public Assurance by Russian Union of Industrialists and Entrepreneurs |
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4.1 Governance structure of the organization, including committees under the highest governance body responsible for specific tasks, such as setting strategy or organizational oversight |
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4.2 Indicate whether the Chair of the highest governance body is also an executive officer (and, if so, their function within the organization’s management and the reasons for this arrangement) |
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4.3 For organizations that have a unitary board structure, state the number and gender of members of the highest governance body that are independent and/or non-executive members |
Vnesheconombank’s corporate governance system does not provide for a unitary board structure |
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4.4 Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body |
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4.5 Linkage between compensation for members of the highest governance body, senior managers, and executives (including departure arrangements), and the organization’s performance (including social and environmental performance) |
Compensation for members of Vnesheconombank’s governing bodies is not conditional upon social and environmental performance |
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4.6 Processes in place for the highest governance body to ensure conflicts of interest are avoided |
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4.7 Process for determining the composition, qualifications, and expertise of the members of the highest governance body and its committees, including any consideration of gender and other indicators of diversity |
Vnesheconombank determines the composition of its governing bodies in accordance with Federal Law No. |
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4.8 Internally developed statements of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their implementation |
Strategy Implementation. Sustainability Objectives and Initiatives Risk Management in Vnesheconombank Group |
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4.9 Procedures of the highest governance body for overseeing the organization’s identification and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed standards, codes of conduct, and principles |
Strategy Implementation. Sustainability Objectives and Initiatives Vnesheconombank submits reports to the Government of the Russian Federation and the Supervisory Board of Vnesheconombank in accordance with Article 7 of the Federal Law “On Bank for Development” and Article 11 of the Memorandum on Financial Policies of Vnesheconombank. To assess social, economic and environmental performance within the Group, Vnesheconombank issues, on an annual basis, sustainability reports approved by Vnesheconombank’s order |
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4.10 Processes for evaluating the highest governance body’s own performance, particularly with respect to economic, environmental, and social performance |
The list of details submitted by Vnesheconombank to the Government of the Russian Federation and the Supervisory Board of Vnesheconombank is specified in the Federal Law “On Bank for Development,” the Memorandum on Financial Policies of Vnesheconombank and other regulations |
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4.11 Explanation of whether and how the precautionary approach or principle is addressed by the organization |
Principle 7. Businesses should support a precautionary approach to environmental challenges |
Vnesheconombank does not directly address the precautionary principle to its activities. However, in making investment decisions, Vnesheconombank runs due diligence of projects, including assessment of their potential environmental impact. Approach to the risk management is described in the Annual Report 2013 and the issuer’s statements available from: http://www.veb.ru/about/annual/. Risk Management in Vnesheconombank Group |
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4.12 Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses |
Strategy Implementation. Sustainability Objectives and Initiatives Participation in the UN Global Compact and Promotion of Sustainability Principles |
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4.13 Memberships in associations (such as industry associations) and/or national/international advocacy organizations |
Strategy Implementation. Sustainability Objectives and Initiatives |
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4.14 List of stakeholder groups engaged by the organization |
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4.15 Basis for identification and selection of stakeholders with whom to engage |
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4.16 Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group |
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4.17 Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its reporting |
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GRI Financial Services Sector Supplement |
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FS DMA Management Approach |
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FS1 Policies with specific environmental and social components applied to business lines |
Strategy Implementation. Sustainability Objectives and Initiatives Risk Management in Vnesheconombank Group |
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FS2 Procedures for assessing and screening environmental and social risks in business lines |
Environmental Stewardship and Energy Efficiency Projects Support to Small- and Medium-Sized Enterprises |
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FS3 Processes for monitoring clients’ implementation of and compliance with environmental and social requirements included in agreements or transactions |
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FS4 Process(es) for improving staff competency to implement the environmental and social policies and procedures as applied to business lines |
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FS5 Interactions with clients/investees/business partners regarding environmental and social risks and opportunities |
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FS6 Percentage of the portfolio for business lines by specific region, size (e.g. micro/SME/ large) and by sector |
Vnesheconombank Group: Key Highlights Strategy Implementation. Sustainability Objectives and Initiatives Integrated Territorial Development Support to Innovative Projects Environmental Stewardship and Energy Efficiency Projects |
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FS7 Monetary value of products and services designed to deliver a specific social benefit for each business line broken down by purpose |
Vnesheconombank Group: Key Highlights Strategy Implementation. Sustainability Objectives and Initiatives Integrated Territorial Development Support to Innovative Projects Vnesheconombank’s Olympic Projects |
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FS8 Monetary value of products and services designed to deliver a specific environmental benefit for each business line broken down by purpose |
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FS14 Initiatives to improve access to financial services for disadvantaged people |
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FS16 Initiatives to enhance financial literacy by type of beneficiary |
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Economic Performance Indicators |
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EC DMA Management Approach |
Strategy Implementation. Sustainability Objectives and Initiatives |
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EC1 Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments |
Vnesheconombank’s Annual Report 2013 The VEB Group entities’ annual reports available from official sites |
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EC2 Financial implications and other risks and opportunities for the organization’s activities due to climate change |
Principle 7. Businesses should support a precautionary approach to environmental challenges |
Neither Vnesheconombank nor the VEB Group’s entities assess financial implications due to climate change |
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EC3 Coverage of the organization’s defined benefit plan obligations |
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EC5 Range of ratios of standard entry level wage by gender compared to local minimum wage at significant locations of operation |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
Wages in the VEB Group’s entities are not conditional upon employees’ gender |
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EC7 Procedures for local hiring and proportion of senior management hired from the local community at locations of significant operation |
Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
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EC8 Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement |
Strategy Implementation. Sustainability Objectives and Initiatives Support to Small- and Medium-Sized Enterprises Attracting Foreign Investments and Technologies |
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EC9 Understanding and describing significant indirect economic impacts, including the extent of impacts |
Strategy Implementation. Sustainability Objectives and Initiatives Integrated Territorial Development Support to Innovative Projects Environmental Stewardship and Energy Efficiency Projects Support to Small- and Medium-Sized Enterprises Attracting Foreign Investments and Technologies |
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Environmental Performance Indicators |
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EN DMA Management Approach |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
Strategy Implementation. Sustainability Objectives and Initiatives |
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EN1 Materials used by weight or volume |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
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EN2 Percentage of materials used that are recycled input materials |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
Neither Vnesheconombank nor the VEB Group entities use any materials classified as recycled or reused waste |
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EN3 Direct energy consumption by primary energy source |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Management of Internal Environmental Impact Neither Vnesheconombank nor the VEB Group entities use any nonrenewable energy sources |
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EN4 Indirect energy consumption by primary source |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Management of Internal Environmental Impact Neither Vnesheconombank nor the VEB Group entities use any nonrenewable energy sources |
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EN6 Initiatives to provide energy-efficient or renewable energy based products and services, and reductions in energy requirements as a result of these initiatives |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
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EN7 Initiatives to reduce indirect energy consumption and reductions achieved |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
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EN8 Total water withdrawal by source |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Vnesheconombank and the VEB Group entities entered into contracts for utility services including water supply |
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EN9 Water sources significantly affected by withdrawal of water |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Vnesheconombank and the VEB Group entities entered into contracts for utility services including water supply |
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EN10 Percentage and total volume of water recycled and reused |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
Neither Vnesheconombank nor the VEB Group entities re-use or recycle water in the course of their business |
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EN11 Location and size of land owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities operate in protected areas and areas of high biodiversity value |
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EN12 Description of significant impacts of activities, products, and services on biodiversity in protected areas and areas of high biodiversity value outside protected areas |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities operate in protected areas and areas of high biodiversity value |
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EN13 Habitats protected or restored |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities have impacts on biodiversity in the course of their business |
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EN14 Strategies, current actions, and future plans for managing impacts on biodiversity |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities have impacts on biodiversity in the course of their business |
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EN15 Number of IUCN Red List species and national conservation list species with habitats in areas affected by operations, by level of extinction risk |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities have impacts on biodiversity in the course of their business |
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EN16 Total direct and indirect greenhouse gas emissions by weight |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
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EN17 Other relevant indirect greenhouse gas emissions by weight |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
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EN18 Initiatives to reduce greenhouse gas emissions and reductions achieved |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
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EN19 Emissions of ozone-depleting substances by weight |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities produce emissions of ozone-depleting substances in the course of their business |
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EN20 NO, SO, and other significant air emissions by type and weight |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities produce significant air emissions in the course of their business |
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EN21 Total water discharge by quality and destination |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Management of Internal Environmental Impact Vnesheconombank and the VEB Group entities entered into contracts for utility services including water discharge |
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EN22 Total weight of waste by type and disposal method |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
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EN23 Total number and volume of significant spills |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
In 2013, no significant spills were recorded in Vnesheconombank and the VEB Group entities |
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EN24 Weight of transported, imported, exported, or treated waste deemed hazardous under the terms of the Basel Convention Annex I, II, III, and VIII, and percentage of transported waste shipped internationally |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities are engaged in any activities related to hazardous waste in accordance with Annexes I, II, III and IV of the Basel Convention |
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EN25 Identity, size, protected status, and biodiversity value of water bodies and related habitats significantly affected by the reporting organization’s discharges of water and runoff |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
Neither Vnesheconombank nor the VEB Group entities have significant impacts on any water bodies in the course of their business |
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EN26 Initiatives to mitigate environmental impacts of products and services, and extent of impact mitigation |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
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EN27 Percentage of products sold and their packaging materials that are reclaimed by category |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
This indicator is not relevant since neither Vnesheconombank nor the VEB Group entities use packaging materials in the course of their business |
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EN28 Monetary value of significant fines and total number of non-monetary sanctions for noncompliance with environmental laws and regulations |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
In 2013, neither Vnesheconombank nor the VEB Group entities were liable to any significant fines and non-monetary sanctions for noncompliance with environmental laws and regulations |
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EN29 Significant environmental impacts of transporting products and other goods and materials used for the organization’s operations, and transporting members of the workforce |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
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EN30 Total environmental protection expenditures and investments by type |
Principle 7. Businesses should support a precautionary approach to environmental challenges Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies |
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Labor Practices Performance Indicators |
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LA DMA Management Approach |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
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LA1 Total workforce by employment type, employment contract, and region, broken down by gender |
Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
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LA2 Total number and rate of new employee hires and employee turnover by age group, gender, and region |
Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
Total headcount and personnel turnover rate in 2013, by age group and gender |
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LA3 Benefits provided to full-time employees that are not provided to temporary or parttime employees, by significant locations of operation |
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LA4 Percentage of employees covered by collective bargaining agreements |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining |
Within the VEB Group entities, Bank BelVEB and Prominvestbank have entered collective bargaining agreements between the respective employers and trade unions |
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LA5 Minimum notice period(s) regarding operational changes, including whether it is specified in collective agreements |
Principle 3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining |
The employees are notified of significant operational changes in Vnesheconombank and the VEB Group entities in accordance with the Labor Code of the Russian Federation. The current version of the collective agreement does not provide for the definition of the minimum employees’ notice period regarding the employer’s significant operational changes |
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LA7 Rates of injury, occupational diseases, lost days, and absenteeism, and total number of work-related fatalities, by region and by gender |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights |
Occupational Health and Safety Occupational Injury, Occupational Disease, Iost Day and Workplace Absence Rates in 2013 by Gender |
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LA8 Education, training, counseling, prevention, and risk-control programs in place to assist workforce members, their families, or community members regarding serious diseases |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights |
Neither Vnesheconombank nor the VEB Group entities provide training or counseling services regarding serious diseases for employees, their families and community members |
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LA9 Health and safety topics covered in formal agreements with trade unions |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights |
The current version of the collective agreement provides for that the trade union and the employer annually approve the trade union’s plan of mass cultural and health and fitness events |
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LA10 Average hours of training per year per employee by gender, and by employee category |
Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
Average Number of Training Hours per Employee in 2013, by Employee Gender and Category |
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LA11 Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings |
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LA12 Percentage of employees receiving regular performance and career development reviews, by gender |
Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
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LA13 Composition of governance bodies and breakdown of employees per employee category according to gender, age group, minority group membership, and other indicators of diversity |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
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LA14 Ratio of basic salary and remuneration of women to men by employee category, by significant locations of operation |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
Basic salary of Vnesheconombank’s employees is not conditional upon employees’ gender |
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LA15 Return to work and retention rates after parental leave, by gender |
Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
Vnesheconombank and the VEB Group entities strictly comply with regulations of the applicable law and guarantee employees to retain their positions during parental leave as required by the applicable law |
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Human Rights Performance Indicators |
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HR DMA Management Approach |
Principles |
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HR4 Total number of incidents of discrimination and corrective actions taken |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 2. Businesses should make sure that they are not complicit in human rights abuses Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation |
In 2013, no incidents of discrimination were revealed in the practices of Vnesheconombank and the VEB Group entities |
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HR5 Operations and significant suppliers identified in which the right to exercise freedom of association and collective bargaining may be violated or at significant risk, and actions taken to support these rights |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 2. Businesses should make sure that they are not complicit in human rights abuses Principle 3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining |
Neither Vnesheconombank nor the VEB Group entities are engaged in any activities in which the right to exercise freedom of association and collective bargaining may be at risk |
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HR6 Operations and significant suppliers identified as having significant risk for incidents of child labor, and measures taken to contribute to the effective abolition of child labor |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 2. Businesses should make sure that they are not complicit in human rights abuses Principle 5. Businesses should uphold the effective abolition of child labor |
Neither Vnesheconombank nor the VEB Group entities are involved in any activities which may have significant risk for incidents of child labor |
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HR7 Operations and significant suppliers identified as having significant risk for incidents of forced or compulsory labor, and measures to contribute to the elimination of all forms of forced or compulsory labor |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 2. Businesses should make sure that they are not complicit in human rights abuses Principle 4. Businesses should uphold the elimination of all forms of forced and compulsory labor |
Neither Vnesheconombank nor the VEB Group entities are engaged in any activities which may have significant risk for incidents of forced or compulsory labor |
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HR9 Total number of incidents of violations involving rights of indigenous people and actions taken |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 2. Businesses should make sure that they are not complicit in human rights abuses |
Neither Vnesheconombank nor the VEB Group entities are engaged in any activities which may have significant risk for incidents of violations involving rights of indigenous people |
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HR11 Number of grievances related to human rights filed, addressed and resolved through formal grievance mechanisms |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 2. Businesses should make sure that they are not complicit in human rights abuses |
In 2013, neither Vnesheconombank nor the VEB Group entities recorded any grievances related to human rights filed, addressed and resolved through formal grievance mechanisms |
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Society Performance Indicators |
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SO DMA Management Approach |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 2. Businesses should make sure that they are not complicit in human rights abuses |
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SO1 Percentage of operations with implemented local community engagement, impact assessments, and development programs |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights |
Integrated Territorial Development Support to Innovative Projects Environmental Stewardship and Energy Efficiency Projects Support to Small- and Medium-Sized Enterprises |
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SO3 Percentage of employees trained in organization’s anti-corruption policies and procedures |
Principle 10. Businesses should work against corruption in all forms, including extortion and bribery |
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SO4 Actions taken in response to incidents of corruption |
Principle 10. Businesses should work against corruption in all forms, including extortion and bribery |
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SO5 Public policy positions and participation in public policy development and lobbying |
Principles |
Impact on Investment Climate Improvement Participation in the UN Global Compact and Promotion of Sustainability Principles |
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SO6 Total value of financial and in-kind contributions to political parties, politicians, and related institutions by country |
Principle 10. Businesses should work against corruption in all forms, including extortion and bribery |
In 2013, neither Vnesheconombank nor the VEB Group entities made financial and/or in-kind contributions to political parties, politicians, and related institutions. Vnesheconombank is not entitled to support political parties in accordance with Federal Law No. |
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SO7 Total number of legal actions for anticompetitive behavior, anti-trust, and monopoly practices and their outcomes |
In 2013, no legal actions for anticompetitive behavior were recorded against Vnesheconombank and the VEB Group entities. |
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SO8 Monetary value of significant fines and total number of non-monetary sanctions for noncompliance with laws and regulations |
In 2013, neither Vnesheconombank nor the VEB Group entities were liable to any significant fines or non-monetary sanctions |
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Product Responsibility Performance Indicators |
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PR DMA Management Approach |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
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PR1 Life cycle stages in which health and safety impacts of products and services are assessed for improvement, and percentage of significant products and services categories subject to such procedures |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights |
This indicator is not relevant since Vnesheconombank and the VEB Group entities’ performance does not have significant health and safety impacts |
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PR2 Total number of incidents of non-compliance with regulations and voluntary codes concerning health and safety impacts of products and services during their life cycle, by type of outcomes |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights |
This indicator is not relevant since Vnesheconombank and the VEB Group entities’ performance does not have significant health and safety impacts |
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PR4 Total number of incidents of non-compliance with regulations and voluntary codes concerning product and service information and labeling, by type of outcomes |
Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility |
This indicator is not relevant for Vnesheconombank and the VEB Group entities since their performance does not provide for labeling |
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PR5 Practices related to customer satisfaction, including results of surveys measuring customer satisfaction |
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PR8 Total number of substantiated complaints regarding breaches of customer privacy and losses of customer data |
Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights |
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PR9 Monetary value of significant fines for noncompliance with laws and regulations concerning the provision and use of products and services |
In 2013, neither Vnesheconombank nor the VEB Group entities were liable to any significant fines for noncompliance with laws and regulations concerning the provision and use of products and services |
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