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Sustainability Report 2018 2 Novatek SUSTAINABILITY REPORT 2018 2 NOVATEK Contents LETTER FROM THE CHAIRMAN STAKEHOLDER ENGAGEMENT 44 OF NOVATEK’S MANAGEMENT BOARD 4 Stakeholder Engagement Principles 46 LETTER FROM THE DEPUTY CHAIRMAN Stakeholder Engagement Matrix 49 OF NOVATEK’S MANAGEMENT BOARD 6 CORPORATE GOVERNANCE 58 REPORT AND REPORTING PROCESS 8 Corporate Governance System 60 Report Preparation 10 Remuneration to the Members of the Board Defining Report Content and Material Topics 12 of Directors and Management Board 68 Materiality Matrix 14 Internal Control and Audit 68 Risk Management 71 COMPANY PROFILE 16 ETHICS 74 NOVATEK’s Core Assets as at 31 December 2018 19 Share Capital Structure and Market Capitalization 20 Anti-Corruption Policy 76 Membership and Participation Prevention of Conflicts of Interest 77 in Trade Associations 21 Human Rights 77 Awards and Achievements 22 OPERATING RESULTS 80 SUSTAINABLE DEVELOPMENT STRATEGY 24 Ensuring Strong Economic Performance 82 Our Approach to Sustainability 26 Business Model 82 Sustainable Development Goals 27 Production 86 Integrating the United Nations Sustainable Hydrocarbon Reserves 88 Development Goals 28 Hydrocarbon Production 90 Processing of Gas Condensate 94 Marketing and Sales 96 CLIMATE CHANGE 34 Dividends 98 Natural Gas Sales 100 Climate Change Management 36 LNG Sales 102 Risks and Opportunities 36 Liquid Hydrocarbons Sales 104 Climate Protection Initiatives 43 Sustainability Report 2018 3 EXTERNAL SOCIAL POLICY 106 ENVIRONMENTAL PERFORMANCE AND PROTECTION 150 Cooperation with Russian Regions 109 Educational Programs 112 Environmental Vision 152 Preserving Cultural Heritage 114 Environmental protection: achievements 154 Promotion of Sports 114 Environmental Monitoring 156 Help to Children in Desperate Need 116 Environmental Protection — Government Control 156 Corporate Volunteering 116 Emissions and Waste 157 Aid to Veterans 117 Water Use and Disposal 160 Energy Consumption and Efficiency 162 Biodiversity Protection 164 EMPLOYMENT PRACTICES 118 Disturbed Area Reclamation 166 Environmental Protection Training 166 Employee Profile 120 Environmental Costs 166 Corporate Technical Competency Assessment System 122 Employee Motivation and KPI System 123 Personnel Training and Development 124 APPENDIX Trade Union Relations 127 Social Policy 127 1 Independent Limited Assurance Report 168 2 Report Boundaries 172 3 Personnel Structure 174 PROCUREMENT PRACTICES 132 4 Compliance with GRI Standards 180 Social Media and Contact Details 196 Procurement Approach 134 Glossary 197 Supply Chain Management 134 Procurement Performance 136 Import Substitution Policy 136 OCCUPATIONAL HEALTH AND SAFETY 138 Our Approach to Occupational Health and Safety 140 Operational Control 143 Accidents and Incidents 144 Workplace Injury Rate 146 OHS Training 147 Fire Safety, Civil Defense and Emergencies 148 4 NOVATEK 102‑14 Letter from the Chairman of NOVATEK’s Management Board LEONID MIKHELSON „ th We are honored to present NOVATEK's 12 Sustainability Report 2018. Our report provides insights in our non-financial disclosures, with the aim to help all stakeholders learn more about the NOVATEK’s sustainable business principles and the Company's economic, environmental and social performance. Dear Stakeholders! that using gas and LNG instead of coal and heavy oil products will result in reduced greenhouse gas emissions We are honored to present NOVATEK's 12th Sustaina- and contribute to climate change prevention, signifi- bility Report 2018 Our report provides insights in our cantly mitigating its adverse effects In the context of non-financial disclosures, with the aim to help all stake- sustainable development and creating a safer future holders learn more about the NOVATEK’s sustainable for younger generations, we consider the development business principles and the Company's economic, of LNG projects as one of the most important strategic environmental and social performance objectives of the Company In addition, our ambitions in this field are in line with one of the Sustainable Devel- The past reporting year was a year of records for the opment Goals adopted by the UN General Assembly in Company The Yamal LNG project launched in December 2015, namely Goal 7: Affordable and Clean Energy 2017 reached its full design capacity in record time, within the budget and ahead of schedule Three trains of Core fields and license areas owned by NOVATEK are our flagship LNG plant on the Yamal Peninsula are able located in the Yamal-Nenets Autonomous Region to produce 16 5 mmtpa of liquefied natural gas, or LNG Promoting the region's prosperity through social and We intend to commission the fourth train at Yamal LNG environmental investment, as well as various charitable with the capacity of 0 9 mmtpa, bringing the project's programs remains one of our key objectives overall design capacity to 17 4 mmtpa of LNG In 2018, NOVATEK earmarked significant funds for the Our second LNG project, Arctic LNG 2, will be Russia’s construction and renovation of social facilities, thus first LNG production facility on gravity-based platforms implementing educational, cultural, sports, children to be built at our unique LNG construction center in the and youth programs, as well as supporting low-income Murmansk Region New technologies applied in Arctic families LNG 2 will significantly reduce the project’s capital intensity along with minimizing its environmental In September 2018, together with the Yamal-Nenets footprint Autonomous Region Government, we opened an 800-student boarding school in the Gyda village This Natural gas delivered to the markets in the form of project was fully funded by NOVATEK and represents LNG leads the way in a world quickly transforming to our commitment to supporting the regions where we a lower carbon, greener environment We are confident operate Sustainability Report 2018 5 Our Company has traditionally participated in prevent emergencies by implementing state-of-the-art government programs to support indigenous people of safety and control systems We exercise strict control the North During 2018, we provided financial support in the area of safety and occupational health, train to the “Yamal for Descendants Association of Indig- our personnel on safe working practices, provide our enous Peoples” and its district branches in activities employees with high-quality protective clothing and to improve the living standards of Yamal’s indigenous personal protective equipment population Sustainable and rational use of natural resources, Last year, the charity project "Health Territory" was preserving biodiversity, and mitigation of environ- launched, created within the framework of the charity mental risks are all among the unconditional priorities Program of PAO NOVATEK, assisting children with of NOVATEK’s activities We make every effort to disabilities in the regions where the Company operates consistently reduce our environmental footprint, adopt cutting-edge technology, improve monitoring system In the reporting year, NOVATEK allocated RR 2 bln to and train personnel on responsible natural resource social projects, charity and sponsorship programs management The NOVATEK Group has more than 13,000 employees In 2018, NOVATEK spent over RR 2 4 bln on environ- We provide our employees with opportunities to mental protection and sustainable nature management develop professionally and build their careers, care The majority of environmental expenses were allocated about their health and well-being, and support to water protection initiatives and measures to protect their charitable initiatives In 2018, the “All Together” the environment against production and consumption volunteer movement celebrated its 10th anniversary waste The Company’s volunteers are involved in a number of projects providing aid to orphans, children with Our Sustainability Report 2018 was independently various diseases, and veterans We are proud that our audited and verified by PwC We will continue to improve employees devote part of their lives to charity transparency with a view to enhance the confidence between the Company and its stakeholders Occupational health and ensuring a safe working environment are among the top priorities of our Company We make every effort to mitigate risks and 6 NOVATEK Letter from the Deputy Chairman of NOVATEK’s Management Board „MARK GYETVAY Sustainable development is integral to our corporate strategy and a cornerstone of our successful, responsible hydrocarbon resource management. Dear Stakeholders! We have been publishing our Sustainability Reports for 12 years, and each year we strive to improve the Sustainable development is integral to our corporate quality and quantity of information disclosed in line strategy and a cornerstone of our successful, respon- with generally accepted GRI standards Our annual sible hydrocarbon resource management We take Sustainability Report is the main informational source sustainable development with all its consistent parts — highlighting the Company's ESG principles and like transparency, corporate governance, ethics and practices and one of the key channels of stakeholder environmental protection seriously in our day-to-day engagement actions and our dealings with all of our stakeholders In 2018, we created a multi-disciplinary Sustainable Environmental, Social and Governance, or ESG, Development Working Group, which includes repre- has become an important topic for stakeholder sentatives from all NOVATEK’s departments, led engagement We welcome this engagement as it allows by the First
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