Management Approach

Committed to sustainable supply chain management, NOVATEK strives to build and maintain long-term, mutually beneficial relationships with its partners. The Company actively promotes ESG practices and responsible business conduct among its counterparties.

These issues are monitored both at the Company’s highest governance level and at the executive level.

NOVATEK and its subsidiaries and joint ventures follow a single set of principles in procuring inventories, works, and services. The Company’s procurement process is governed by the NOVATEK Group’s Purchasing Policy and the Regulations on Procurement of Materials, Equipment, Works, and Services for NOVATEK. Other documents that cover NOVATEK’s procurement procedures and selection of business partners among other aspects are the Supplier Code of Conduct, the Anti-Corruption Policy, the Code of Business Conduct and Ethics, and the Human Rights Policy.

NOVATEK pays special attention to cooperating with local suppliers and localizing production to reduce reliance on technology imports and the development of Asia-Pacific countries.

In the context of national and corporate strategic goals, by transforming its supply chain into a sustainable one, NOVATEK is making a significant contribution to technological sovereignty and structural adaptation of the Russian economy.