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Vnesheconombank Group Non-Financial Report 2017 Full Version

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Vnesheconombank Group Non-Financial Report 2017 Full Version VNESHECONOMBANK GROUP NON-FINANCIAL REPORT 2017 FULL VERSION “We have recently decided to considerably renew and modernize VEB Group in its entirety. We believe that this will allow us to achieve the main goal of enabling Vnesheconombank to be effective as a development in- stitution, the most important development institution in this country.” Dmitry Medvedev Russian Prime Minister Chairman of the Supervisory Board, Vnesheconombank Table of Contents 6. Investing in Community ........................................................................................................................................... 60 6.1 Corporate Volunteering and Charity ................................................................................................................ 60 Address to the Reader .......................................................................................................................................................2 6.2 Sustainability Financing ...................................................................................................................................... 65 1. VEB Group: Today and Tomorrow .............................................................................................................................4 6.3 Participation in the UN Global Compact ......................................................................................................... 66 1.1 Vnesheconombank as Russia’s Leading Development Institution .................................................................. 4 7. Responsible Business Practices ............................................................................................................................ 71 1.2 Highlights 2017 ...................................................................................................................................................... 5 7.1 Corporate Governance ........................................................................................................................................ 71 1.3 Vnesheconombank Strategy Implementation .................................................................................................... 7 7.2 Vnesheconombank Company Management .................................................................................................... 75 1.4 Vnesheconombank Companies ........................................................................................................................... 9 7.3 Risk Management ................................................................................................................................................ 77 2. Investment Performance ........................................................................................................................................... 12 7.4 HR Policy .............................................................................................................................................................. 81 2.1 Vnesheconombank: Sectoral Priorities ............................................................................................................. 12 7.5 Anti-Corruption .................................................................................................................................................. 90 2.2 Vnesheconombank Project Portfolio ................................................................................................................ 13 7.6 Procurement ......................................................................................................................................................... 92 2.3 Success Story: Vnesheconombank’s Completed Projects ............................................................................... 16 7.7 Administrative and Maintenance Performance Management ....................................................................... 93 2.4 Potential for Growth: Vnesheconombank’s New Projects .............................................................................. 17 2.5 Socio-Economic Effects of Projects ................................................................................................................... 18 Appendices ...................................................................................................................................................................... 96 Appendix 1. About the Report ................................................................................................................................. 96 3. Management of Investment Activities ..................................................................................................................... 19 Appendix 2. Index of GRI Disclosures in the Report Prepared in Line with GRI Standards, GRI Sector Dis- 3.1 New Investment Process ..................................................................................................................................... 19 cloures for the Financial Services Sector and Principles of the UN Global Compact .................................... 100 3.2 New Business Model for Regional Operations ................................................................................................ 22 Appendix 3. Principles of the UN Global Compact ............................................................................................ 108 3.3 Project Finance Factory ...................................................................................................................................... 24 Appendix 4. Breakdown of VEB Group’s Personnel by Employment Contract, Employment Type, Employee 3.4 Synergy within Vnesheconombank Group ...................................................................................................... 26 Category and Gender .............................................................................................................................................. 109 Appendix 5. Total Headcount and Turnover at VEB Group in 2017 Broken Down by Gender and Age.... 110 4. Investing in Development ......................................................................................................................................... 30 4.1 Innovation and Breakthrough Technology ...................................................................................................... 30 Appendix 6. Breakdown of Employees Returned from a Maternity and/or Parental Leave in 2017, and Em- ployees Who Stayed with the Employer after their Return from a Maternity and/or Parental Leave, by Gen- 4.2 Export Support ..................................................................................................................................................... 34 der .............................................................................................................................................................................. 111 4.3 Vnesheconombank Group in Single-Industry Towns ..................................................................................... 40 Appendix 7. Occupational injury rate, occupational injury ratio, occupational disease ratio, lost day ratio and absenteeism ratio at VEB Group, by Gender........................................................................................................ 112 4.4 Far East Development ......................................................................................................................................... 43 Appendix 8. Direct Economic Value Generated and Distributed at VEB Group ........................................... 113 5. Stakeholder Interaction ............................................................................................................................................. 45 5.1 Customer-Focused Practices .............................................................................................................................. 45 Appendix 9. Financial Support to VEB Group in 2017 ...................................................................................... 113 5.2 Maximizing Intellectual Potential...................................................................................................................... 51 Appendix 10. Independent assurance report on VEB Group Non-Financial Report 2017 ..........114 5.3 Development Award ............................................................................................................................................ 55 Appendix 11. Certificate of Public Endorsement by RUIE of VEB Group Non-Financial Report 2017 ..........................................................................................................................................................117 5.4 International Cooperation .................................................................................................................................. 57 Appendix 12. Contact Details ...............................................................................................................122 5.5 Services to the Government ............................................................................................................................... 58 1 Address to the Reader context of the Russian Investment Forum in Sochi. Within short order, this new project is bound to boost the influx of private investments in the priority sectors of the Russian economy. Dear colleagues and partners! Vnesheconombank today faces the challenge of acting as a powerful partner
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