Stakeholder identification and selection

The Company follows the following principles of identifying and selecting stakeholders: G4-25
Stakeholders that are considerably dependent on the Company’s activities
Parties the Company has obligations to (by contract, agreement etc.)
Stakeholders that have a high degree of influence over the Company’s activities and performance
Stakeholders that require an urgent response
Cooperation with stakeholders important to the Company’s strategic outlook

Stakeholder engagement is regulated by a number of corporate documents including:

  • PSJC LUKOIL Charter;
  • OAO LUKOIL’s Code of Business Conduct;
  • OAO LUKOIL’s Social Code;
  • OAO LUKOIL’s HSE Policy in the 21st Century;
  • OAO LUKOIL’s Personnel Management Policy;
  • OAO LUKOIL Shareholder Policy;
  • Regulations on the Information Policy of the Public Joint Stock Company LUKOIL Oil Company.

The Company is also guided by legislation of the Russian Federation and that of the countries in which it is present, and other documents which set out the principles of stakeholder engagement (such as Stakeholder Engagement Standard AA1000SES (2015)).

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