Regions

NOVATEK builds trust-based relationships and tailors its social policy to the interests of stakeholders to ensure that the Company’s support is targeted and reduces the exposure to social risks.

Supporting local communities is an important element of the Company’s corporate social responsibility. NOVATEK promotes community development through social and economic partnerships, taxes, and job creation. Regular and active stakeholder engagement through various mechanisms maximizes the focus and impact of our social policy. Amid the turbulence of 2022, the Company continued to support its regions of operation as this support became even more relevant to local residents. The bulk of the funds was allocated to projects in the Yamal-Nenets Autonomous Region; however, the Company also finances social projects in the Khanty-Mansiysk Autonomous Region, Tyumen, Chelyabinsk, Leningrad, Murmansk, and Kostroma Regions as well as the Kamchatka Territory.

At the Board of Directors level, matters related to external social policy are addressed by the Remuneration and Nomination Committee. In particular, the Committee annually reviews the Report on PAO NOVATEK’s Social and Charitable Activities in the Regions of Operation. At the executive body level, a Deputy Chairman of the Management Board is responsible for engagement with local communities. At the business unit level, designated officers are responsible for stakeholder engagement.