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Sustainability Openness Responsibility SUSTAINABILITY OPENNESS RESPONSIBILITY Sustainability Report 2017 THE COMPANY STRATEGY AND GOVERNANCE CREATING VALUE SAFE PRODUCTION HUMAN CAPITAL CONTRIBUTIONLOCAL COMMUNITIESTO THE DEVELOPMENT The new reality The fourth industrial revolution that CHEMICAL INDUSTRY’S TRENDS: gave rise to the advent of Industry 4.0, has become one of the world’s most discussed topics of 2017. It is getting increasingly harder to ignore the fact that boundaries between the physical, the digital and the biological worlds are getting blurred with the spread AUTOMATION SENSORS of AI, Internet of things, self-driving AND ROBOTICS RECORDING PHYSICAL OPERATING vehicles, 3D printing, nanotechnologies, SOFTWARE AND HARDWARE PARAMETERS (OF MACHINES, biotechnologies, and quantum ROBOTS OPERATING ALONE THE ENVIRONMENT, ETC.) computers. Fundamental changes that OR INTERACTING WITH HUMANS AND TRANSMITTING DATA will inevitably transpire in the wake of the fourth industrial revolution are going to affect all areas of business and require that new forms and methods of operation 2 be put in place as business models undergo a radical transformation. IOT MOBILITY AND DEVICES Petrochemistry has traditionally relied CONNECTING SMART SENSORS, A COMBINATION OF NETWORKS, heavily on science and advanced DEVICES AND EQUIPMENT DEVICES, AND SOFTWARE ALLOWING technologies. That being so, new TO THE NETWORK TO STAY ONLINE AT ALL TIMES approaches and technologies will make it possible to transform all production, THE NEW REALITY NEW THE logistics, and business processes, and to reach new levels of efficiency. Transformations are going to affect not This new phase in technological and just processes but also work conditions economic development does not just at petrochemical facilities. Automation present new opportunities but is also and introduction of digital tools will fraught with new risks. Companies that help get rid of routine tasks and make are busy implementing state-of-the-art work more effective by freeing up time technologies will have to start looking for innovation, for breakthroughs and for solutions to such challenges as staff creative ideas and projects. This enabling downsizing due to process automation, environment will create real opportunities scarcity of relevant training programs at for self-development and for contributing universities and technical colleges, the to the Company’s development by showing need to retrain their personnel en masse, initiative and offering out-of-the-box and to invest in retrofitting their production solutions to emerging challenges. On the facilities, etc. flip side, employers’ expectations of their would-be employees are also changing Being one of the companies to have initiated quite drastically, including requirements full digitalization of their facilities and to have as to the content and level of their training, started implementing other elements of their mastery of not just professional skills Industry 4.0, SIBUR has already seen some but also of their soft skills. initial results. This Report makes an attempt to analyze these changes and to predict what outcomes the digital transformation and its results might bring to the Company and its stakeholders going forward. SIBUR Sustainability Report 2017 www.sibur.ru/en THE COMPANY STRATEGY AND GOVERNANCE CREATING VALUE SAFE PRODUCTION HUMAN CAPITAL CONTRIBUTIONLOCAL COMMUNITIESTO THE DEVELOPMENT BIG DATA AI (ARTIFICIAL INTELLIGENCE) EXTENDED ANALYTICS INTELLIGENT MACHINES ON BIG VOLUMES SUPPORTING DECISION MAKING OF STRUCTURED AND MAKING THEIR AND UNSTRUCTURED DATA OWN DECISIONS 3 IT/OT CONVERGENCE PLATFORM-SPECIFIC APPLICATIONS APPLYING INFORMATION A BROAD RANGE OF SOFTWARE TECHNOLOGIES (IT) PRODUCTS AND SERVICES IN OPERATIONAL CONTRIBUTING TO ADDED TECHNOLOGIES (OT) SECTORAL VALUE THE NEW REALITY NEW THE www.sibur.ruwww.sibur.ru/en Sustainability Report 2017 SIBUR THE COMPANY STRATEGY AND GOVERNANCE CREATING VALUE SAFE PRODUCTION HUMAN CAPITAL CONTRIBUTIONLOCAL COMMUNITIESTO THE DEVELOPMENT About this report The following presentation is the 2017 only, and as such, they may be affected in our interactions with stakeholders Report on sustainable development by circumstances that are beyond the at SIBUR’s main production site of PJSC SIBUR Holding, its subsidiaries Company’s control with actual performance in Tobolsk is the Public Council comprised and affiliates. The purpose of the Report results turning out to be different from the of representatives of government agencies is to provide all interested parties with projected values. and supervisory bodies, citizens’ groups comprehensive and accurate information and religious organizations, mass media, in respect of SIBUR’s activities in the The content of the Report is reflective social services organizations, etc. area of sustainable development and of the topics and issues that the Company corporate social responsibility. and/or its stakeholders find to be of material Our engagements with non-governmental importance while taking into consideration organizations and charities in the cities This Report contains information our strategic priorities, provisions of the where the Company conducts its operations about the Company’s strategy, polices, Social Charter of the Russian Business, were carried out through the communication approaches to management, its the United Nations’ Sustainable Development channels of the charitable Formula for Good principal efforts in the areas of economic Goals, provisions of the UN Global Compact, Deeds program, via telephone and email, performance, environment and social CDP disclosure guidance, as well as the as the Company was performing a study development. It additionally showcases international social responsibility (ISO 26000) of the pressing social challenges that affect 4 our Company’s achievements in these and reporting (GRI) standards. the regions of its presence.2 areas and presents an assessment of SIBUR’s contribution to addressing In 2017, SIBUR’s primary focus was In the process of preparing this Report, essential issues existing in the regions on executing a major investment project an ad hoc survey was conducted of the of our presence. The Report was to build a world-class petrochemical Company’s stakeholders in the regions compiled giving appropriate consideration complex in Tobolsk, recruiting skilled of its presence: its partners in the Formula to the requirements of the core version workforce to fill new job vacancies, putting for Good Deeds program and regional mass of Sustainable Reporting Standards (GRI the company on a course toward digital media outlets. The interviewed identified SRS), and CDP’s1 disclosure guidance. transformation that will be affecting the and ranked in the order of priority those ABOUT THIS REPORT THIS ABOUT entire petrochemical industry going forward. aspects of the Company’s operations The scope of the Report covers the they found to be of material significance results of 2017 operations of PJSC A variety of communication channels were and in need of being included in this SIBUR Holding, its subsidiaries and used throughout the year to obtain feedback Report. The results of the survey are given affiliates with SIBUR’s stake of 50 from our stakeholders. The feedback from in respective sections of this Report.3 or more per cent (hereinafter jointly our employees was captured during internal referred to as SIBUR, and the Company), conferences, staff meetings, and at other The Report was published on SIBUR’s conducted within the Russian Federation. events. The other sources of feedback website in Russian and in English Output figures and financial performance included ad hoc surveys and polls, as well as and is available to all interested parties. numbers provided herein are reported the internal corporate hot line. in accordance with the Company’s management and financial reports. Our communications with external stakeholders were carried out in the course The 2019 and medium-term targets of face-to-face meetings, discussions, quoted in relevant sections of the Report and through co-participation in various are provided for projection purposes activities and events. A key instrument For more information, visit our website: https://www.sibur.ru/en/ 1 https://www.cdp.net/en/guidance/guidance-for-companies. 2 Full list of members of the Public Council: http://tobolsk.formula-hd.ru/council/. 3 See pp. 27, 68, 83, 95, 114, 116, 118. SIBUR Sustainability Report 2017 www.sibur.ru/en THE COMPANY STRATEGY AND GOVERNANCE CREATING VALUE SAFE PRODUCTION HUMAN CAPITAL CONTRIBUTIONLOCAL COMMUNITIESTO THE DEVELOPMENT THE NEW REALITY 3 SAFE PRODUCTION 4.0 50 ANNEX 122 ABOUT THIS REPORT 4 Occupational health and safety 54 Annex 1. Glossary of Terms 122 STATEMENT BY PJSC SIBUR HOLDING’S 6 Environmental protection 66 Annex 2. The Matrix of Material Topics 123 THE COMPANY 9 Energy efficiency 80 Annex 3. Table of GRI disclosures 124 Economic development 9 (an Index of standard reporting elements) The Company’s structure of business 10 Contacts 128 Location of operations in 2017 12 HUMAN CAPITAL 86 2017 Performance Highlights 12 2017 targets vs. performance 88 Policy and management 91 Development of SIBUR’s Production 92 System in the year under review Performance management 93 STRATEGY AND GOVERNANCE 18 Improving productivity 94 5 Mission and strategy 20 P. 98 Interactions with stakeholders: 95 Corporate governance 22 key issues in 2017 Risk management 24 Workforce structure 96 Ethics and anti-corruption 27 Staff costs and the remuneration system 97 Supply
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