External social policy priorities
We recognize the importance of interacting on a regular basis with the residents of the regions in which LUKOIL entities operate. Our social policy has been developed in accordance with the principles of constructive cooperation and responsible partnership, and we have also established priorities for charity and sponsorship activities.
Our social support of the regions of production helps improve the living standards of local people where we work. Our joint projects with local authorities and social and municipal organizations have resulted in the building and renovation of kindergartens, schools, sports facilities, medical centers, hospitals, cultural institutions, and other socially signifcant facilities. The external social policy focuses on the interests of territories and residents, and is carried out using various mechanisms:
- PARTNERSHIPS WITH AUTHORITIES AS PART OF COOPERATION AGREEMENTS WITH CONSTITUENT ENTITIES OF THE RUSSIAN FEDERATION
- an annual Social and Cultural Projects Competition in the Russian Federation for a wide range of social and municipal organizations in Russia
- charity projects and programs, targeted support
- corporate volunteering
For a quarter of a century our priority areas of social activity have remained unchanged and are the same for all the regions and countries in which LUKOIL Group entities operate; some programs and regional projects are long term in nature. Programs and projects are financed both by LUKOIL Charity Fund (hereinafter, the "LUKOIL CF," the "Fund") and directly by LUKOIL Group entities.