5.2. Interaction with Stakeholders
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 stakeholders (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 stakeholders 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 organises interaction with a wide range of the interested parties through public accounting, corporate web-sites, contacts with journalists, exhibitions and forums, etc.
About stakeholders engagement see Sustainability Report.
Interaction with the territorial authorities
Aware of the need for a mutually beneficial long-term cooperation with the regional and municipal authorities, aimed at sustainable socio-economic development of regions and to increase the efficiency of activities in the regions, PJSC RusHydro concluded a cooperation agreement with the regional authorities.
As of 31.12.2015, the acts of a cooperation agreement with the authorities of the following regions:
- Republic of Altai,
- Republic of Bashkortostan,
- Republic of Daghestan,
- Republic of Khakassia,
- Krasnoyarsk Territory,
- Stavropol Territory,
- Amur Region,
- Irkutsk Region,
- Moscow Region,
- Sverdlovsk Region.
The Company believes that the stable contacts with the regional authorities in the implementation of regional programmes of socio-economic development and investment projects of PJSC RusHydro will serve as the key to success in the regions.
Interaction with the Stakeholders
|Stakeholders||Stakeholders’ interests||Basic mechanisms of interaction|
|Federal, regional and municipal authorities|| |
|Shareholders and investors|| |
|Regulatory and supervisory bodies|| |
|Business partners, suppliers and contractors|| |
|Customers and consumers|| |
|Local communities in the regions in which the Company operates|| |
|Professional associations and non-profit organisations|| |
|Higher Education establishments and other educational institutions|| |