Following its Development Strategy for 2011 — 2015, Vnesheconombank works towards its ambitious objectives to bolster fundamental changes in the social and economic development of Russia. This task will be primarily delivered by building up the Bank’s financial support to programmes and initiatives for innovation-driven modernisation of the Russian economy. The Strategy defines our vision on the development outlooks of the Bank as:

• a leading organisation providing financial support to, and expert evaluation of, major investment projects and programmes for development of Russian economic sectors and regions of national significance;
• a centre promoting public private partnership (PPP) mechanisms and an investment consultant to the Russian Government;
• a leader in implementing the government programme for support to SMEs;
• a centre of financial and guarantee support to the national exports;
• a state management company for trust management of pension savings;
• an agent for the Russian Government to manage the state external debt and state external financial assets, recover amounts payable to the federal purse, and issue/honour state guarantees;
• a public and transparent entity that contributes to building an attractive investment climate and an international financial hub in Russia;
• a financially stable entity;
• a strategically oriented and socially responsible entity.

In 2013, to enhance its efforts in pursuing the Strategy, Vnesheconombank continued building a strategic governance framework. The key deliverables achieved as a result included:

• an updated roadmap for implementing Vnesheconombank’s Development Strategy;
• a concept of a framework to follow up the Strategy implementation based on a balanced scorecard system;
• approved strategic development benchmarks for Vnesheconombank for the period until 2020 that will underlie the Bank’s strategy moving forward.

In 2011-2013, the Strategy was implemented in a relatively favourable macroeconomic context. This prompted a rapid build-up of financing allocated by Vnesheconombank to investment projects, a stronger support to high-tech exports and a progress on SME support programmes. As a consequence, most performance indicators set out in the Strategy were achieved in 2013 ahead of deadlines.

Strategic performance indicators of Vnesheconombank for 2011 — 2015 (RUB bn)

Building the corporate social responsibility framework lies at the heart of our efficient performance as the national development institution working towards social welfare and economic stability. Vnesheconombank is committed to spearhead the efforts promoting corporate social responsibility and sustainability principles in Russia and is actively engaged in all major initiatives in this area.

We are embedding sustainability principles in our operations in line with the Corporate Social Responsibility Strategy for 2012 — 2015, the priority areas of which are aligned with ISO 26000:2010 Guidance on Social Responsibility. In 2013, Vnesheconombank ran a self-assessment of its operations for compliance with the principles of ISO 26000:2010 international standard using the RUIE methodology.

Embedding sustainability principles in Vnesheconombank’s operations