The key priority of our external social policy is to help people and to improve the living standards in the cities where we operate. In order to make our social investments as effective as possible, we coordinate efforts with residents and regional leaders, combining our plans with the tasks of regional policies. This is how new infrastructure facilities are created, which will shape cities of the future.
For example, in 2019 it was decided to open a branch of the Perm National Research Polytechnic University in Kogalym (Western Siberia). So far, thanks to LUKOIL’s support, a branch of the Maly Theater has been opened in the city, new educational institutions are up and running, and a sports training center will be built. Thus, this oil mono-city is gradually becoming a cultural, scientific, and educational center within the Khanty-Mansi Autonomous Area — Yugra that is attractive to tourists. We believe that such changes are fully in line with the sustainable development objectives of the regions.
Our Company demonstrates a high level of corporate social responsibility in all the regions where we operate globally. We feel that requirements for companies are currently growing, and demands from society increasingly concern not so much isolated, one-time actions, but rather complex policies aimed at achieving specific results. We need to try to take into account how things might develop over several decades. This is exactly the approach enshrined in the principles of sustainable development being adopted by all major companies.
An external social policy is an important part of our sustainable development activities and is implemented taking into account the global challenges the Company faces. We actively cooperate with stakeholders working at the United Nations, European Parliament and European Commission platforms, and we participate in industry and environmental associations and engage with well-known non-profit organizations. We discuss at international level a range of topical issues related to climate change; the condition of the environment, seas, and oceans; health care; and support for indigenous peoples. LUKOIL will continue to seek to make progress in all these areas while at the same time maintaining a responsible approach to business.