OAO LUKOIL published its third Sustainability Report for 2007-2008. The Company’s first 2003-2004 Sustainability Report was published in
2005.
International documents, including AA 1000 (1999) Standard
and the Sustainability Reporting Guidelines within the framework of the Global
Reporting Initiative (GRI), version 3.0, the Global Compact and the Social
Charter of Russian Business are used for the report compilation. The report is
verified by ZAO Bureau Veritas Certification Rus, an independent
auditor.
The LUKOIL report has been included into the GRI database and the
National Register of Corporate Non-financial Reports managed by the Russian
Union of Industrialists and Entrepreneurs, and was highlighted in Russian and
international surveys and ratings. Besides, LUKOIL rates among the world’s 100
major companies according to the International Corporate Accountability Rating
2008, also holding the 3rd position among Russia’s
companies.
OAO LUKOIL intends to issue such reports every second year and
introduce progressively the sustainable development principles into its
day-to-day activities.