Anti-corruption

The company has zero tolerance for any form of corruption, including extortion and bribery.

Gazprom Neft has approved a publicly available Anti-Fraud and Anti-Corruption Policy. This Policy defines the concept of fraud and other terminology, and shapes the approach of the company’s senior management, who have put in place a single and cohesive ethical standard for zero-tolerance for any type or form of corruption. The Policy lists the key principles of combatting fraud and corruption, as well as the methods and procedures used by the company, in particular, the company hotline, internal investigations, and prosecution of identified fraud cases.

The following courses have been developed and are used in the corporate training system: Preventing and Combating Corporate Corruption; Corruption Prevention; Combating Corruption and Fraud. These courses are mandatory for all employees newly hired by the company.

The Deputy CEO for Security reports regularly to company management on anti-fraud and anti-corruption issues. The Director of the Internal Audit and Risk Management Directorate regularly reports to the Board of Directors on the hotline’s performance