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OAO NOVATEK is fully committed to the principles of honest and ethical behavior throughout all of its business operations, and supports and promotes these guiding business principles through timely and transparent financial reporting, open and frank dialogue with stakeholders and adherence to globally accepted best practices.
We also support initiatives aimed at respecting human rights and promote policies and actions that serve as positive influences in the communities where we operate.
As a relatively young and dynamic company, we understand and respect the stewardship accorded us to develop our natural resources in a responsible and sustainable manner, and as such, we will continue to support initiatives promoting environmental awareness and disclosure, as well as building enduring relationships in the communities where we operate through a lasting commitment aimed at promoting education, cultural, sporting and civic activities.
Even though our present operations are mainly confined within the territory of the Russian Federation, we also support global programs such as the Extractive Industries Transparency Initiative, established in 2002, encouraging governments to voluntarily disclose the revenues they receive from oil, gas and mining operations to help ensure the governments use their revenues to benefit the citizens of its respective countries, and the Carbon Disclosure Project, amongst many others.
As a significant producer of natural gas, we will continue to publish our Sustainability Report on the Territory of the Russian Federation in accordance with the guidelines promulgated by the Global Reporting Initiative, highlighting the actionable steps we have taken to minimize any negative impact on the environment due to the continued development of our natural resources.
As we move forward into our next decade of operations it is imperative that we minimize our carbon footprint and remain committed to the highest standards of corporate governance and financial and operational transparency. We will continue to communicate our achievements and publish our results through our website and other printed materials.
Please feel free to contact us if you have any questions or comments as we continue to expand our disclosures.