Corporate culture is an important element of Rosneft activity and an integral component of successful development strategy of the Company, it is based on the main reference points and values the Company adheres to while interacting with employees, partners and clients.

The following areas may be listed among key initiatives of Rosneft corporate culture:

• Business ethics
• Internal communications and sociological researches
• Corporate events

Business Ethics

What’s most important in determination of the Company’s success is its personnel. Reputation, authority, successful and sustainable development depend from each of us. The Company pays great attention to ensuring productive psychological environment and creation of conditions for realizing the potential of each employee. In 2015 new edition of the Code of Business and Corporate Ethics (hereinafter – the Code) was implemented, designed in accordance with the best international practices.

The Code is one of the most important tools of corporate culture. Corporate values and reference points reflected in the Code require conscious activity and initiative from each employee. Following by the employees to the unified principles and standards of behavior contributes to formation of reliable and high professional team united by common values, cultural behavior and traditions, and also helps to maintain mutual understanding at the appropriate level both inside the Company and in relations with its business partners and clients.

Rosneft Council for Business Ethics is a consultative body providing structural divisions with support in resolving the issues of application and compliance with provisions of the Code, makes decisions and designs recommendations for employees and officials of the Company regarding the issues related to business ethics and compliance, controls meeting the requirements of the Code.

Every employee of the Company is expected to rigorously comply with legislative, ethical and professional norms and standards compliant to the requirements of government, market and society and forming the core of the “compliance” term. The Company adheres to the principle of non-acceptance of corruption in all forms and manifestations in implementation of not only of the operational, but also of the investment and other types of activities. The Company considers inacceptable all manifestations of corporate fraud regardless of the amount of damage caused by such fraud.

Security Hotline exists in the Company, employees are trained in the field of compliance. According to the compliance principles an informational company is being held to prevent corruption and forming intolerance to any manifestations of fraud among the Company’s management and employees. Information on the steps taken to combat corporate fraud and to prevent corruption is published in internal information editions of the Company.

Internal communications are an integral part of the Company’s corporate culture and one of the main factors of performance improvement.  Currently the most important tasks of Rosneft are timely informing the personnel about key changes, projects and events taking place in the Company, support of collaboration and sharing knowledge between the divisions.

For the purpose of correct determination of the direction for further development of corporate culture and internal communications system sociologic researches are held regularly in Rosneft. The researches allow to evaluate awareness and satisfaction of the personnel with human resources and social programs, identify the areas of potential and existing risks and provide recommendations for development of human resources and social policies of the Company.