joined the United Nations Global Compact, a voluntary initiative to facilitate
sustainable development and encourage businesses to adopt socially responsible
in 2006, LUKOIL joined the Russian Businesses Social Charter, which is in
character with the UN Global Compact.
UN Global Compact requires public reporting and is based on the interest of
business circles, trade unions and community in joint actions to support
now the Company has issued two reports on sustainable development in line with
basic international standards GRI and ÀÀ1000.
The reports, audited
“Bureau Veritas Rus”, cover
the periods of 2003
- 2004 and 2005-2006.
on the initiative of the International Association of Trade Union
Organizations of OAO “LUKOIL”, the Company ratified the Global Agreement on
Cooperation with the International Federation of Chemical, Energy, Mine and
General Workers’ Unions (ICEM)
and Neftegazstroyprofsoyuz (NGSP). Notably, the Agreement states, that labor
relations within the Company comply with international requirements, and notes
that social partnership of highest standards is recognized by foreign
institutions, representing employees.