Publicity and openness are basic principles forming the basis for VEB.RF’s activity. Besides
its annual reports, the Bank publishes on a voluntary basis annual reports on sustainable
development consolidating information on the performance of all institutions comprising
reports are prepared in accordance with a leading international standard — Global Reporting
Initiative Sustainability Guidelines. In 2015, the Bank transferred to a new revision of
reports are designed to inform interested parties about the Bank’s and its Group’s contribution
living conditions of people and environmental protection in VEB.RF’s capacity as a state
financial development institution.
reports also specify the Bank’s approaches to implementing principles in the areas of human rights,
labor, the environment and
Upon determining the
reports VEB.RF is governed by leading standards and initiatives in sustainable development,
best practices of Russian and foreign financing institutions as well as takes into account
interested parties’ opinions. The Bank’s initiatives on interacting with interested parties as part
reports implemented among other things in the format of public hearings are highly instrumental
in integrating interested parties’ expectations into the Bank’s activity in sustainable development.
VEB.RF Group’s report on sustainable development for 2014 became the winner of the Annual
Report Competition in the category «Best Report on Corporate Social Responsibility and Sustainable
Development» organized by Moscow Exchange and Stock Market Media Group and received a Gold Award
in the MarCom Awards 2015 of the International Competition of the Association of Marketing and
Communication Professionals in the category «Best Report on Corporate Social Responsibility».