The 2016 RusHydro Group Corporate Social Responsibility and Sustainability Report (hereinafter referred to as the Report) reflects the results of the Group’s activities in the field of labour protection, industrial and environmental safety, social and economic development of the regions, stakeholders’ interaction and other aspects of sustainable development and corporate social responsibility in the period from 01/01/2016 to 31/12/2016.
Reports in the field of corporate social responsibility and sustainable development are issued by RusHydro Group annually, this Report is already the ninth.
This Report was prepared in accordance with the Global Reporting Initiative (GRI), “Core” option, and the GRI Electric Utilities Sector Supplement for the companies were used.
In 2016, GRI introduced an updated version of the manual – GRI Standards. Officially, the standard will come into force on July 1, 2018, but it is encouraged to start its implementation from 2017. RusHydro is preparing its 2016 Report in accordance with the GRI Standards and, thus, will become one of the “pioneer” companies in the field of non-financial reporting.
The previous 2015 Corporate Social Responsibility and Sustainability Report was prepared in accordance with the GRI G41 (Core option). It can be found on the Company’s website.
“PJSC RusHydro” or “the Company” refers to PJSC RusHydro, including the Executive Office and branches of PJSC RusHydro.
“RAO ES of the East” or “the Holding” refers to PJSC RAO ES of the East, including subsidiaries.
“RusHydro Group” or “the Group”2 refers to PJSC RusHydro, as well as subsidiaries of PJSC RusHydro included in the Report boundaries (including RAO ES of the East). The list of legal entities included in the list below is in the Report Boundaries subsection.
The main subsidiaries of the Group fall within the Report boundaries, the list of which is given in the tables below. The Group’s subsidiaries outside the Report boundaries are not essential for the purposes of the Report disclosures. The full list of legal entities included in the organizational structure of RusHydro Group see in the Annual Report of JSC RusHydro for 2016.
In 2016, RusHydro Group sold LLC Energy Retail Company of Bashkortostan (LLC ESKB). In addition, the stake of RusHydro Group in the charter capital of PJSC RAO ES of the East increased up to 99.98% in connection with the implementation of voluntary offer transactions and the forced repurchase of shares of PJSC RAO ES of the East.