Sustainable Development Management System
All essential aspects of sustainable development and ESG are managed at both strategic and functional levels. The Board of Directors of JSC INK-Capital (including the Sustainable Development and ESG Committee of the Board of Directors of JSC INK-Capital) is the main management body through which the basic principles and approaches in the field of sustainable development and ESG are communicated to the companies of the Group.
Sustainable Development and ESG Committee of the Board of Directors of JSC INK-Capital
Board of Directors of JSC INK-Capital
Main functions related to Sustainable Development and ESG:
- Approval of the strategy (goals) and policies of the Company (its affiliates) in the field of sustainable development (ESG-strategy), including the definition of criteria and key performance indicators in the field of sustainable development;
- Preliminary approval of the Company's (its affiliates') sustainability report and consideration of matters related to disclosure of sustainability information
- Preliminary approval of the Company's internal regulatory guidance documents in the field of sustainable development.
Sustainability and ESG Committee of the Board of Directors of JSC INK-Capital
The Sustainable Development and ESG Committee was created in December 2021. Its purpose is to provide preliminary consideration and recommendations to the Board of Directors regarding the priority areas, strategy, and development plans of the INK Group in the field of Sustainable Development, achievement of the SDGs and implementation of ESG aspects in the Group's activities.
Main functions related to Sustainable Development and ESG:
- Preliminary review and recommendations to the Board of Directors regarding the priority areas, strategy, and development plans of the Group in the field of Sustainable Development, achievement of SDGs and implementation of ESG aspects in the Group's activities
- Making recommendations to the Board of Directors on approaches to integrating ESG aspects into the Group's operations
- Providing recommendations to the Board of Directors on identifying key risks associated with sustainable development, achievement of the SDGs, and implementation of ESG aspects, as well as setting the risk appetite for such risks
- Making recommendations to the Board of Directors regarding the issuance of green finance and its verification
- Providing recommendations to the Board of Directors on identifying key risks associated with sustainable development, achievement of the SDGs, and implementation of ESG aspects, as well as setting the risk appetite for such risks
- Providing recommendations to the Board of Directors regarding potential risks in the area of sustainable development, achievement of the SDGs and implementation of ESG aspects that may have an impact on the activities of the Group
- Consideration of proposals for the implementation of domestic and foreign experience, best practices and initiatives in the field of sustainable development, achievement of the SDGs and ESGs.
Structural subdivisions of JSC INK-Capital
The Group's holding company, JSC INK-Capital, develops and shapes SD and ESG policies. For this purpose, several specialized subdivisions were created within its structure.
Sustainable Development Center of JSC INK-Capital
Main functions related to sustainable development and ESG:
- Preliminary elaboration of issues in the field of sustainable development and ESG, attributed to the competence of the above-mentioned management bodies
- Development of the internal regulatory guidance documents in the field of sustainable development and ESG
- Making recommendations to the above-mentioned management bodies on sustainability and ESG issues.
Risk Management and Business Continuity Center of JSC INK-Capital
Main functions related to sustainable development and ESG:
- Elaborating strategies for the development of risk management and business continuity systems
- Developing and updating documents regulating risk management and business continuity processes
- Organization of the process of risk identification and assessment and development of measures
- Risk management, information exchange and reporting between participants in risk management and business continuity systems.
Information Policy and Mass Communications Center of JSC INK-Capital
Main functions related to sustainable development and ESG:
- Preparing and disseminating information about the Group's sustainable development and ESG activities in the corporate and external environment.
Marina Sedykh Charity Fund
Main functions related to sustainable development and ESG:
- Providing assistance to cultural, health, educational, social institutions, and community organisations
- Providing assistance to low-income families and families with many children, people who have suffered in emergency situations or are in a difficult life situation, supporting veterans of World War II and labour, children with disabilities, and the elderly.
