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Appendices

Appendix 1. GRI G4 Content Index for Core Report Variant Prepared According to Sustainability Reporting Guidelines for Global Reporting Initiative (GRI) and Table of Compliance with UN Global Compact’s Principles

GRI G4 disclosures

UN Global Compact’s Principles

Section of the Report/Comments

External assurance

General Standard Disclosures

Strategy and Analysis

G4-1

Statement from the most senior decision-maker of the organisation

Chairman’s Statement

G4-2

Description of key impacts, risks, and opportunities

Principles 1-10

Priority Business Lines

Risk management

Organisational profile

G4-3

Name of the organisation

About the Report

G4-4

Primary brands, products and/or services

Priority Business Lines

Strategic Development Priorities

G4-5

Location of organisation’s headquarters

Appendix 13

G4-6

Number of countries where the organisation operates

Priority Business Lines

Strategic Development Priorities

Stakeholder Engagement

G4-7

Nature of ownership and legal form

About the Report

G4-8

Markets served

Priority Business Lines

Strategic Development Priorities

Stakeholder Engagement

G4-9

Scale of the reporting organisation

Priority Business Lines

Investment Management

Development of Economic Potential

Improving the Investment Climate

Investment of Pension Savings

Construction of Affordable Housing

HR Policy

Appendix 9

G4-10

Total number of employees by employment contract, staff and non-staff workforce, gender, employment type, etc.

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

HR Policy

Appendix 2

G4-11

Percentage of total employees covered by collective bargaining agreements

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining

As of 31 December 2014, collective bargaining agreements were made with all employees of BelVEB and Prominvestbank, while 51% of Vnesheconombank’s employees were trade union members

G4-12

Supply chain

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Priority Business Lines

Responsible Business Practices

G4-13

Significant changes during the reporting period regarding size, structure, or ownership or supply chain

No significant changes regarding size, structure or ownership were detected in Vnesheconombank and the Group’s entities in 2014

G4-14

Precautionary principle

Principle 7. Businesses should support a precautionary approach to environmental challenges

Investment Management

Risk Management

Green Office

The risk management approach described in detail in annual statements for 2014 and the issuer’s reports http://www.veb.ru/en/ifi/rep/annual/

G4-15

Externally developed economic, environmental and social charters, principles or other initiatives to which the organisation subscribes or which it endorses

About the Report

Investment Management

Stakeholder Engagement

G4-16

Memberships of associations and/or national or international advocacy organisations

Stakeholder Engagement

Identified Material Aspects and Boundaries

G4-17

All entities included in the organisation’s consolidated financial statements

Consolidated financial statements (p. 7)

G4-18

The process for defining the report content and the Aspect Boundaries

About the Report

Stakeholder Engagement

G4-19

List of all the material Aspects identified in the process for defining report content

Stakeholder Engagement

G4-20

Description of the Aspect Boundary within the organisation for each material Aspect

Disclosed topics are material for all entities of Vnesheconombank Group unless otherwise specified.

Calculations for Energy, Water, Emissions and Effluents and Waste Aspects are based on large offices owned and rented by Group’s entities. Small leased offices with the rental calculated without a breakdown into the cost of resource consumption, waste disposal, etc., were not accounted

G4-21

Description of the Aspect Boundary outside the organisation for each material Aspect

Disclosed topics are immaterial outside Vnesheconombank Group unless otherwise specified

G4-22

The effect of any restatements of information provided in previous reports and the reasons for such restatements

There are no restatements of information provided in the VEB Group’s Sustainability Report 2013

G4-23

Significant changes from previous reporting periods in the Scope and Aspect Boundaries

About the Report

Stakeholder Engagement

G4-24

List of stakeholders

Stakeholder Engagement

G4-25

Basis for identification and selection of stakeholders with whom to engage

Stakeholder Engagement

G4-26

Approach to stakeholder engagement

Stakeholder Engagement

G4-27

Key topics and concerns that have been raised through stakeholder engagement

Appendix 10

Report Profile

G4-28

Reporting period

01.01–31.12.2014

G4-29

Date of most recent previous sustainability report

The VEB Group’s Sustainability Report 2013 was published in 2014

G4-30

Reporting cycle

Vnesheconombank Group publishes its sustainability reports on an annual basis

G4-31

Contact point for questions regarding the report or its contents

Appendix 13

G4-32

GRI Content Index

Appendix 1

G4-33

Assurance

About the Report

Appendices 11-12

Governance

G4-34

Governance structure of the organisation, including committees of the highest governance body

Corporate Governance System

Ethics and Integrity

G4-56

Organisation’s values, principles, standards and norms of behaviour such as codes of conduct and codes of ethics

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Responsible Business Practices

HR Policy

Green Office

In Vnesheconombank and most entities of the Group, principles, standards and norms of behaviour are governed by regulatory documents (codes of corporate conduct, codes of ethics and corporate standards, etc.).

Employees are trained in business conduct during an onboard course.

Some entities of the Group also have in place a relevant online training course

Specific Standard Discolsures

EC

Economic

EC-DMA

Disclosures on management approach

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Priority Business Lines

Strategic Development Priorities

G4-EC1

Direct economic value generated and distributed

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Appendix 9

Charity and Sponsorship

Annual Report 2014

Annual reports of Vnesheconombank Group’s entities published on their official websites

G4-EC3

Coverage of the organisation’s defined benefit plan obligations

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

HR Policy

G4-EC4

Financial assistance received from government

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Key Highlights 2014

Priority Business Lines

G4-EC5

Ratios of standard entry level wage by gender compared to local minimum wage at significant locations of operation

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

HR Policy

Appendix 8

Salary in Vnesheconombank and the Group’s entities is not conditional upon an employee’s gender.

In the Report, the breakdown by country (Russia, Belarus, Ukraine) is used as a breakdown by significant locations of operation of Vnesheconombank Group

G4-EC7

Development and impact of infrastructure investments and services supported

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Strategic Development Priorities

Investing in Development

Development of Economic Potential

Improving the Investment Climate

Investing in the Community

G4-EC8

Significant indirect economic impacts, including the extent of impacts

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Strategic Development Priorities

Investing in Development

Development of Economic Potential

Improving the Investment Climate

Investing in the Community

ЕN

Environmental

EN-DMA

Disclosures on management approach

Principle 7. Businesses should support a precautionary approach to environmental challenges

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies

Green Office

G4-EN1

Materials used by weight or volume

Principle 7. Businesses should support a precautionary approach to environmental challenges

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies

Green Office

G4-EN3

Energy consumption within the organisation

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Green Office

Under the GRI guidelines, quantitative data were converted from kW-h and Gcal into GJ using 0.0036 and 4.1868 ratios, respectively

G4-EN6

Reduction of energy consumption

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

In 2014, total consumption of electricity across Vnesheconombank Group was reduced by 35% and constituted 143,449 GJ

G4-EN8

Total water withdrawal by source

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Green Office

In 2014, water consumption across Vnesheconombank Group was reduced by 44% and constituted 183,904 cubic metre

G4-EN15

Direct greenhouse gas emissions

Principle 7. Businesses should support a precautionary approach to environmental challenges

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies

Green Office

CO2 equivalent emissions in relation to electricity consumption and CO2 equivalent emissions in relation to usage of corporate cars were assessed in line with procedures of European Bank for Reconstruction and Development and guidelines ‘Safeguarding the Ozone Layer and the Global Climate System: Issues Related to Hydrofluorocarbons and Perfluorocarbons’, respectively

G4-EN23

Total weight of waste by type and disposal method

Principle 7. Businesses should support a precautionary approach to environmental challenges

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies

Green Office

In 2014, municipal solid wastes sent by Vnesheconombank Group to landfills were increased by 12% and reached 2,748 tonnes

G4-EN29

Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

In 2014, neither Vnesheconombank, nor the Group’s entities were liable to any significant fines or non-monetary sanctions for non-compliance with environmental laws and regulations

G4-EN30

Significant environmental impacts of transporting products and other goods and materials for the organisation’s operations, and transporting members of the workforce

Principle 7. Businesses should support a precautionary approach to environmental challenges

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies

Green Office

G4-EN31

Total environmental protection expenditures and investments

Principle 7. Businesses should support a precautionary approach to environmental challenges

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Principle 9. Businesses should encourage the development and diffusion of environmentally friendly technologies

Green Office

LA

Social

Labour Practices and Decent Work

LA-DMA

Disclosures on management approach

Principles 1-6

HR Policy

G4-LA1

Total number and rates of new employee hires and employee turnover by age group, gender and region

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

HR Policy

Appendix 3

G4-LA2

Benefits provided to full-time employees that are not provided to temporary or part-time employees, by significant locations of operation

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

HR Policy

Social benefits are offered by Vnesheconombank Group to all staff employees after the probation period

G4-LA3

Return to work and retention rates after parental leave, by gender

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

Appendix 4

G4-LA4

Minimum notice periods regarding operational changes, including whether these are specified in collective agreements

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

In line with the Russian Labour Code, the notice period in Vnesheconombank and the Group’s entities operating in Russia is 2 weeks.

In BelVEB and Prominvestbank, the notice period provision is included in collective bargaining agreements

G4-LA6

Type of injury and rates of injury, occupational diseases, lost days, and absenteeism, and total number of work-related fatalities, by region and by gender

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

HR Policy

Appendix 7

In its relations with independent contractors, Vnesheconombank and the Group’s entities are not liable for health and safety of the contractor’s personnel in the work place

G4-LA9

Average hours of training per year per employee by gender and by employee category

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

HR Policy

Prominvestbank calculates average hours of training per year based on the duration of standard trainings and number of employees subject to these trainings

G4-LA10

Programmes for skills management and lifelong learning that support the continued employability employees and assist them in managing career endings

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

HR Policy

G4-LA11

Percentage of employees receiving regular performance and career development reviews, by gender and by employee category

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

HR Policy

Appendix 6

G4-LA16

Number of grievances about labour practices filed, addressed and resolved through formal grievance mechanisms

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Principle 6. Businesses should uphold the elimination of discrimination in respect of employment and occupation

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

In 2014, 6 grievances about labour practices were filed by employees of VEB-Leasing and Sviaz-Bank. All grievances were reviewed and resolved in line with Russian labour laws

HR

Human Rights

HR-DMA

Disclosures on management approach

Principles 1-6, 10

Responsible Business Practices

HR Policy

G4-HR3

Total number of incidents of discrimination and corrective actions taken

Principles 1, 2, 6

All employees of Vnesheconombank Group are guaranteed equal rights and opportunities regardless of their gender, religious and political beliefs, ethnic origin and age.

In 2014, no cases of discrimination were identified in Vnesheconombank Group

G4-HR12

Number of grievances about human rights impacts filed, addressed and resolved through formal grievance mechanisms

Principles 1, 2, 6, 10

In 2014, one grievance about violation of human rights of disabled employees was filed with Sviaz-Bank.

The grievance was reviewed, and the organisation took all necessary measures to address the identified breaches

SO

Society

SO-DMA

Disclosures on management approach

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Responsible Business Practices

Stakeholder Engagement

G4-SO1

Percentage of operations with implemented local community engagement, impact assessments and development programmes

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Projects for Regional Development and Modernisation of Single-Industry Towns

Support to SMEs

Development of Public Private Partnerships

G4-SO3

Total number and percentage of operations assessed for risks related to corruption and the significant risks identified

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Responsible Business Practices

In 2014, the Group ran a comprehensive analysis of corruption risks in 77 business units of Vnesheconombank, BelVEB, RDIF and the Far East and Baikal Region Development Fund, or 75% of the total number of business units in these entities

G4-SO4

Communication and training on anti-corruption policies and procedures

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Responsible Business Practices

Appendix 5

Vnesheconombank Group does not train business partners on anti-corruption policies and procedures

G4-SO5

Confirmed incidents of corruption and actions taken

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

No confirmed incidents of corruption were identified in Vnesheconombank and the Group’s entities in 2014

G4-SO8

Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

In 2014, significant fines were imposed on Prominvestbank (RUB 13.25 mn) and Sviaz-Bank (RUB 2.24 mn).

The relevant breaches were related to non-compliance with labour laws and non-payments to tax authorities and the Social Security Fund.

The fines were paid, and the entities took all necessary steps to address the breaches.

No non-financial sanctions regarding Vnesheconombank Group were identified in 2014

G4-SO11

Number of grievances about impacts on society filed, addressed and resolved through formal grievance mechanisms

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

No grievances about projects financed by Vnesheconombank Group were filed by local residents in 2014

PR

Product Responsibility

PR-DMA

Disclosures on management approach

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Principle 10. Businesses should work against corruption in all forms, including extortion and bribery

Responsible Business Practices

G4-PR5

Results of surveys measuring customer satisfaction

Principle 1. Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2. Businesses should make sure that they are not complicit in human rights abuses

Responsible Business Practices

FS

Financial Services Sector Supplement

FS-DMA

Disclosures on management approach

Principles 1, 2, 6-9

About the Report

Strategic Development Priorities

Investment Management

Support to Exports

Developing HR Potential in the Investment Market

Corporate Governance System

Risk Management

Stakeholder Engagement

Green Office

In 2014, 21 employees of Vnesheconombank and 76 employees of BelVEB completed a specialised training course on management of social and/or environmental risks and responsible financing.

In 2014, Globexbank ran an audit of compliance with environmental and social requirements involving experts from a third-party consultancy

G4-FS6

Percentage of the portfolio for business lines by specific region, size (e.g. micro/SME/large) and by sector

Priority Business Lines

Strategic Development Priorities

Investing in Development

Development of Economic Potential

G4-FS7

Monetary value of products and services designed to deliver a specific social benefit for each business line broken down by purpose

Priority Business Lines

Investing in Development

Development of Economic Potential

Investment of Pension Savings

Construction of Affordable Housing

Responsible Business Practices

G4-FS8

Monetary value of products and services designed to deliver a specific environmental benefit for each business line broken down by purpose

Principle 8. Businesses should undertake initiatives to promote greater environmental responsibility

Environmentally Important Projects

Appendix 2. Breakdown of Vnesheconombank Group’s Personnel by Type of Employment, Type of Agreement, Category of Employees and Gender

Item

Vnesheconombank

Other entities of the Group

Vnesheconombank Group

male

female

male

female

male

female

Breakdown of actual headcount by type of employment and gender

Total headcount,
including:

934

1,161

4,479

9,356

5,413

10,517

Full-time employees

922

1,144

3,661

7,102

4,583

8,246

Part-time employees

12

17

818

2,254

830

2,271

Non-staff workforce

228

69

173

386

401

455

Breakdown of actual headcount by type of agreement and gender

Total headcount,
including:

934

1,161

4,479

9,356

5,413

10,517

Employed under an indefinite-term agreement

922

1,144

3,656

7,099

4,578

8,243

Employed under a fixed-term agreement

12

17

823

2,257

835

2,274

Breakdown of actual headcount by employee category and gender

Total headcount,
including:

934

1,161

4,479

9,356

5,413

10,517

Executives

383

357

1,024

1,178

1,407

1,535

Specialists

480

794

2,837

7,485

3,317

8,279

Other employees (technical staff)

71

10

618

693

689

703

Appendix 3. Total Headcount and Personnel Turnover in Vnesheconombank Group in 2014 Broken Down by Age and Gender

Total headcount as of 31 December 2014

Total number of newcomers in 2014

Share of newcomers (%) in 2014

Total number of dismissed employees in 2014

Personnel turnover in 2014

Vnesheconombank

Entities of the Group

Vnesheconombank Group

Vnesheconombank

Entities of the Group

Vnesheconombank Group

Vnesheconombank

Entities of the Group

Vnesheconombank Group

Vnesheconombank

Entities of the Group

Vnesheconombank Group

Vnesheconombank

Entities of the Group

Vnesheconombank Group

Total,

including

2,095

13,835

15,930

76

3,042

3,118

3.63

21.99

19.57

216

3,650

3,866

0.10

0.26

0.24

Men

934

4,479

5,413

41

961

1,002

1.96

6.95

6.29

151

1,251

1,402

0.07

0.09

0.09

under 30

200

1,266

1,466

17

524

541

0.81

3.79

3.40

26

560

586

0,01

0.04

0.04

from 31 to 50

473

2,399

2,872

20

386

406

0.95

2.79

2.55

70

475

545

0.03

0.03

0.03

above 50

261

814

1,075

4

51

55

0.19

0.37

0.35

55

216

271

0.03

0.02

0.02

Women

1,161

9,356

10,517

35

2,081

2,116

1.67

15.04

13.28

65

2,399

2,464

0.03

0.17

0.15

under 30

236

3,533

3,769

9

1,226

1,235

0.43

8.86

7.75

20

1,061

1,081

0.01

0.08

0.07

from 31 to 50

697

4,890

5,587

25

770

795

1.19

5.57

4.99

28

1,004

1,032

0.01

0.07

0.06

above 50

228

933

1,161

1

85

86

0.05

0.61

0.54

17

334

351

0.01

0.02

0.02

Appendix 4. Breakdown of Employees Returned from Maternity and / or Parental Leave in 2014, and Employees Who Stayed with the Employer on their Return from Maternity and / or Parental Leave, by Gender

Item

Vnesheconombank

Other entities of the Group

Vnesheconombank Group

male

female

male

female

male

female

Total number of employees who took maternity/parental leave in 2014

0

46

0

943

0

989

Total number of employees who stayed with the employer after their return from maternity/parental leave in 2014

1

22

1

243

2

265

Total number of employees who were to return to the employer in 2014 after maternity/parental leave

0

23

1

248

1

271

Ratio of return by employees after maternity/parental leave in 2014 (%)

0

95.7

100

98

200Vnesheconombank keeps records of such employees pursuant to orders granting maternity and / or parental leave to an employee. The excess over 100% is due to the return of an employee from parental leave before a child reaches the age of three.

97.8

Total number of employees who returned to the employer after maternity/parental leave in 2013 and stayed with the employer as of 31 December 2014 (i. e. who worked for more than one year on their return from maternity/parental leave)

0

31

0

137

0

168

Total number of employees who returned to the employer after maternity/parental leave in 2013

0

33

0

218

0

251

Retention ratio of employees after maternity/parental leave in 2014 (%)

0

93.9

0

62.8

0

66.9

Appendix 5. Total Number and Share of Employees of Vnesheconombank Group Trained in Anti-Corruption Policies and Procedures Broken Down by Employee Category

Entity

Number of employees
trained in 2014

Share of employees (%)
trained in 2014The data is given as a percentage of the actual headcount as of 31 December 2014.

Executives

Specialists

Other employees (technical staff)

Executives

Specialists

Other employees (technical staff)

Vnesheconombank

672

1,181

1

90.8%

92.7%

1%

SME Bank

1

0

0

3.2%

0%

0%

Globexbank

0

0

0

0%

0%

0%

Sviaz-Bank

0

0

0

0%

0%

0%

BelVEB

0

0

0

0%

0%

0%

Prominvestbank

0

0

0

0%

0%

0%

VEB-Leasing

0

0

0

0%

0%

0%

EXIAR

13

83

0

108.3%The excess above 100% is due to the renewal of EXIAR’s management in 2014.

96.5%

0%

VEB Engineering

0

0

0

0%

0%

0%

VEB Capital

0

0

0

0%

0%

0%

FCPF

0

0

0

0%

0%

0%

RDIF

24

78

0

100%

65.5%

0%

NCDC

0

0

0

0%

0%

0%

The Far East and Baikal Region Development Fund

0

0

0

0%

0%

0%

VEB Innovations Fund

0

0

0

0%

0%

0%

VEB Asia

0

0

0

0%

0%

0%

TOTAL

710

1,342

1

24%

11.6%

0.1%

Appendix 6. Breakdown of Vnesheconombank Group’s Employees Who Underwent Performance Appraisal in 2014 by Employee Category and Gender

Employee category

Vnesheconombank

Other entities of the Group

Vnesheconombank Group

male

female

male

female

male

female

Executives

89.8%

90.5%

26.8%

27.8%

43.9%

42.3%

Specialists

The excess above 100% is due to the renewal of Vnesheconombank’s personnel in 2014.110.2%

The excess above 100% is due to the renewal of Vnesheconombank’s personnel in 2014.101.5%

19.8%

13.2%

32.9%

21.7%

Other employees (technical staff)

0%

0%

39.0%

63.8%

35.0%

62.9%


As a percentage of the actual headcount as of 31 December 2014.

Appendix 7. Occupational Injury Rate, Occupational Disease Rate, Lost Day Ratio and Absenteeism Ratio in Vnesheconombank Group Broken Down by Gender

Entity

Gender

Total number of incidents involving injuries

Injury rate

Occupational disease rate

Lost day ratio

Absenteeism ratio

Vnesheconombank

M

0

0

0

0

29,243.53

F

1

0.11

0

6.29

32,843.98

SME Bank

M

0

0

0

0

4,409.36

F

0

0

0

0

8,333.89

Globexbank

M

1

0.17

0

4.19

2,253.98

F

0

0

0

0

5,112.17

Sviaz-Bank

M

1

0.10

0

10.63

4,073.88

F

1

0.05

0

0.68

6,854.16

BelVEB

M

0

0

0

0

4,580.83

F

0

0

0

0

8,027.31

Prominvestbank

M

0

0

0

0

3,581.20

F

0

0

0

0

6,651.32

VEB-Leasing

M

1

0.16

0

2.03

1,554.64

F

0

0

0

0

5,089.89

EXIAR

M

0

0

0

0

4,772.40

F

0

0

0

0

5,259.60

VEB Engineering

M

0

0

0

0

732.60

F

0

0

0

0

2,347.07

VEB Capital

M

0

0

0

0

1,069.94

F

0

0

0

0

2,023.79

FCPF

M

0

0

0

0

6,402.64

F

0

0

0

0

4,943.76

RDIF

M

0

0

0

0

196.76

F

0

0

0

0

901.93

NCDC

M

0

0

0

0

0

F

0

0

0

0

163.67

The Far East and Baikal Region Development Fund

M

0

0

0

0

735.29

F

0

0

0

0

3,985.32

VEB Innovations Fund

M

0

0

0

0

0

F

0

0

0

0

1,163.47

VEB Asia

M

0

0

0

0

0

F

0

0

0

0

0


The occupational injury rate, occupational disease rate, lost day ratio and absenteeism ratio are calculated in line with GRI Guidelines using the multiplier of 200,000. The lost day ratio due to occupational injuries was calculated in calendar days from day 1 of the employee’s absence. Vnesheconombank Group does not keep records of minor injuries that only require first medical aid.

Appendix 8. Ratios of Entry Level Wage to Existing Minimum Wage by Employee Category

Item

Executives

Specialists

Other employees (technical staff)

Vnesheconombank

2.1

1.0

1.0

Other entities of the Group

3.2

1.3

1.2


The defined minimum wage was calculated based on the regional minimum wage applicable in significant locations of Vnesheconombank Group’s operation in Russia (Moscow, Yessentuki, Khabarovsk Territory, Primorye Territory), Belarus, Ukraine and Hong Kong.

Appendix 9. Direct Economic Value Generated and Distributed by Vnesheconombank Group

Disclosure components

Values, RUB mn (under consolidated IFRS Statements)

1. Direct economic value generated

Revenues

Interest income

280,335

Net commission fees

8,122

Non-interest income

42,794

2. Economic value distributed

Employee wages and benefits

(24,604)

Interest expenditures

(180,046)

Taxes other than profit tax

(5,171)

Profit tax expenditures

(2,583)

3. Economic value retained

Profit / loss for the reporting period

(249,656)

Appendix 10. Table of Suggestions Submitted by Stakeholders

Stakeholder suggestion

Section featuring the suggestion

1

Include in the Report more details on Vnesheconombank’s green portfolio

Environmentally Important Projects

2

Include in the Report more information on embedding responsible financing principles in the Bank’s investment activities

Investment Management

3

Include in the Report details of the draft Guidelines for Environmental and Social Evaluation of Investment Projects prepared by Vnesheconombank in the Report, including about its key principles and project evaluation criteria

Investment Management

4

Include in the Report more details on developing Vnesheconombank’s relations with international organisations in the new geopolitical context

Stakeholder Engagement and Raising Investments

5

Include in the Report information on key financial indicators of Vnesheconombank Group

Appendix 9

6

Include in the Report information on the results of the joint project by Vnesheconombank and the International Financial Corporation on setting up a mechanism to assess energy efficiency of the Bank’s investment projects

Environmentally Important Projects

7

Extend the list of GRI Indicators disclosed in the Report

Taken into account when preparing the Report

8

Expand the range of stakeholders engaged in the preparation of non-financial reporting and hold a presentation of the Report

Taken into account when preparing the Report


These suggestions were received from stakeholders at the public hearing of the Report’s concept held in January 2015 and public assurance of Vnesheconombank Group Sustainable Development Report 2013 by Non-Financial Reporting Council of the RUIE.

Appendix 11. Independent Assurance Report on the Sustainability Report 2014
Appendix 12. The Certificate of Public Assurance by the Russian Union of Industrialists and Entrepreneurs
Appendix 13. Contact Information

State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’

9, Prospekt Akademika Sakharova

Moscow, GSP-6, Russia, 107996

Tel.: +7 (495) 721 18 63

Fax: +7 (495) 721 92 91

www.veb.ru/en

Please e-mail your proposals for the development of the Vnesheconombank Group non-financial reporting practices including comments on this Report’s contents, interaction with stakeholders during the Report preparation to: csr@veb.ru

We will appreciate your opinion!