JSC Atomenergoprom Annual Report slide image

JSC Atomenergoprom Annual Report

BUSINESS STRATEGY JSC ATOMENERGOPROM / ANNUAL REPORT / 28 GRI 3-3 2.2. SUSTAINABLE DEVELOPMENT MANAGEMENT Since 2020, ROSATOM has been a member of the UN Global Compact, an initiative with over 21,000 corporate participants in more than 160 countries. In the course of their operations, ROSATOM and JSC Atomenergoprom are guided by global sustainable development priorities and adhere to the 10 principles of the UN Global Compact. ROSATOM and JSC Atomenergoprom contribute to the achievement of the UN Sustainable Development Goals (SDGs) through their product line, their financial and economic performance and their efforts to ensure the sustainability of internal environmental, social and governance processes. JSC Atomenergoprom, which consolidates civilian assets in the nuclear industry, plays a leading role in the implementation of ROSATOM's sustainability initiatives The safety of technological solutions, safe working conditions and environmental safety are a priority for the Company and all of its organisations. In addition, JSC Atomenergoprom is a responsible corporate citizen whose operations have a significant impact on the economy of a large part of Russian regions and a range of foreign countries where the Company is building NPPs and other facilities. The Company's efforts to develop its business both in Russia and abroad are aligned with long-term sustainable development objectives, taking into account the special characteristics of each individual region. Nuclear technology drives systematic improvements in the quality of people's life. At present, the product portfolio of the Russian nuclear industry comprises not only conventional solutions in the sphere of nuclear power, but also new areas, such as nuclear medicine, nuclear research and technology centres based on research reactors, radiation processing facilities, etc. In addition, the Company is developing its business in a number of adjacent non-nuclear areas, including wind power, etc. and the fulfilment of the relevant commitments. NPP construction and operation makes an important contribution to economic and infrastructure development both in Russia and in foreign customer countries. It guarantees long-term stable capacity utilisation for high-technology manufacturing enterprises, generates orders for companies in adjacent industries and provides employment for local communities, which translates into a corresponding contribution to GDP in the form of industry revenue and tax payments. The construction and operation of large NPPs provides employment for several thousand people, both at the plant itself and in the sphere of nuclear infrastructure. Given the scale of their operations as a whole and individual NPP construction projects, ROSATOM and JSC Atomenergoprom make a major contribution to the achievement of the UN Sustainable Development Goals (SDGs), especially the following: 1. SDG 7 'Affordable and Clean Energy', SDG 8 'Decent Work and Economic Growth', SDG 9 'Industry, Innovation and Infrastructure', SDG 12 'Responsible Consumption and Production', SDG 13 'Climate Action' and SDG 17 'Partnership for Sustainable Development'; 2. SDG 3 'Good Health and Well-Being', SDG 4 'Quality Education' and SDG 11 'Sustainable Cities and Communities' are also important for the industry; 3. ROSATOM and JSC Atomenergoprom attach special importance to preventing the negative impact of any aspect of their operations in terms of SDG 6 'Clean Water and Sanitation', SDG 14 'Life Below Water' and SDG 15 'Life on Land'. Key sustainable development results In the context of sustainable development, it is important that sustainability should be recognised in official documents at the national level. Nuclear power qualifies as 'green' in Russia's Taxonomy and in China's Green Bond Endorsed Projects Catalogue. Important developments in 2022 included the establishment of detailed criteria in the EU Sustainable Finance Taxonomy for nuclear power to qualify as a transitional activity. In late 2022, South Korea published a national Taxonomy, in which nuclear power is listed as a 'green' economic activity, provided that it meets a number of criteria. In addition, January 2023 saw the publication of the EAEU Taxonomy, in which nuclear power is also listed as a 'green' activity, provided that it meets basic sustainability criteria. The sustainable development agenda is incorporated RUB BILLION into ROSATOM's Business Strategy until 2030. The promotion of the 17 UN Sustainable Development Goals is explicitly stated in the Strategy as a vital prerequisite for its implementation. TOTAL VALUE OF GREEN BONDS PLACED IN 2022 Sustainable development covers all employees in the industry; the Company regularly holds internal events and workshops on various aspects of sustainable development for its employees and executives, including events attended by ROSATOM's Director General. This included a strategic session titled 'Sustainability Principles in the Nuclear Industry' held for top 30 executives in early 2022, which resulted in the drafting and publication of a memorandum of commitment of executives in the nuclear industry to the principles of sustainable development. Executives' Memorandum of Commitment: https://www.rosatom.ru/upload/iblock/77c/77ca16df76 f36811cfa6ed0c7b7d5279.pdf As a member of the UN Global Compact International Network, in 2022, ROSATOM prepared its second public sustainability report, which was published on the website of the UN Global Compact at https:// www.unglobalcompact.org. The report has been rated 'Active', which means that ROSATOM monitors a number of ESG indicators and operates in accordance with the 10 principles of the UN Global Compact in the sphere of human rights, labour, the environment and anti-corruption. In 2022, the Corporation also joined the National ESG Alliance, which comprises companies leading the Russian ESG agenda. The National ESG Alliance aims to maintain and develop the sustainable development agenda in Russia. As a member of the ESG Alliance, the Corporation will contribute to the development of sustainability tools and practices, including full-scale involvement of the nuclear industry in national ESG initiatives. BUSINESS STRATEGY JSC ATOMENERGOPROM / ANNUAL REPORT / 29
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