Traditional concept of the sustainable development provides that this is development that meets the needs of the present without compromising the ability of future generations to meet their own needs (The UN International Commission for Environment and Development, 1987). This approach may be implemented only taking into account the interests of the key shareholders (interested parties) upon structural interaction with them and integration of this practice into all business processes of the Company.
By virtue of scale and specific character of the activities the RusHydro Group has a wide range of the interested parties. The focused work with the shareholders is aimed first of all at achieving the Company’s strategic goals.
Due to existence of several areas of the core activities (electrical power generation, sales, development of innovative technologies, etc.) each area has its interested parties, and the Company builds systematic and planned interaction with them. At the same time, the Company organizes interaction with a wide range of the interested parties through public accounting, corporate websites, contacts with journalists, exhibitions and forums, etc.
For more information on managing sustainable development, see the Corporate Social Responsibility Sustainability Report for 2016.
Interaction with Stakeholders
Recognizing the need for mutually beneficial cooperation with regional and municipal authorities aimed at sustainable social and economic development of the regions and increasing the efficiency of its activities in the regions, the Company enters into cooperation agreements with territorial authorities.
As of 31.12. 2016, there were agreements concluded on cooperation with the authorities of the following regions:
The Company is convinced that stable contacts with territorial authorities in the implementation of regional programs of social and economic development and investment projects of PJSC RusHydro will serve as a guarantee of successful operations in the regions.
5.3 Personnel and social policy