Monday, 17 August 2020 Inter RAO Group Consolidated Financial and Operating Results for the 1 half of 2020.
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Approaches and policies

Commitment to human rights

Inter RAO ensures compliance with the principles of human rights protection set forth in the following international documents:

  • The Universal Declaration of Human Rights.
  • The International Covenant on Civil and Political Rights.
  • The International Covenant on Economic, Social, and Cultural Rights.
  • The International Labor Organization's Declaration on Fundamental Principles and Rights at Work.
  • The Constitution of the Russian Federation.
  • The Labor Code of the Russian Federation.
  • The United Nations Guidelines on Business and Human Rights.
  • The UN Global Compact.

The Company supports and respects the protection of internationally proclaimed human rights and advocates non-involvement in human rights violations, thereby expressing support for the first and second principles of the UN Global Compact.

Inter RAO applies zero tolerance to any form of discrimination and advocates for equal rights regardless of gender, race, nationality, language, social origin, property and official status, religion, membership in public associations, or any other grounds.

The Company applies the principles of the Human Rights Policy, which are enshrined in the Code of Corporate Ethics, to all groups of stakeholders, including

  • Employees of the Company.
  • Members of the management and control bodies of the Company.
  • Business partners of the Company.
  • Representatives of local communities.
  • Other persons, who are exposed to the activities of the Company.

In 2019, the Company began developing human rights policies, community relations policies, and a Supplier Code of Conduct. The implementation of these internal regulatory documents will create the basis for further strengthening the practice of interaction with employees, local communities, and other stakeholders, both directly through the actions of the Company and indirectly through the partners of the Company.

The developed draft of the Human Rights Policy will officially set the following obligations of Inter RAO:

  • To respect the human right to life, freedom, and personal inviolability.
  • To prevent the use of any form of forced and child labor in their activities.
  • To guarantee the right to fair and dignified remuneration, safe and healthy working conditions, the right to rest and leisure, as well as to the necessary social support, including in cases of illness, disability, loss of the breadwinner, old age, and other causes of loss of maintenance of life by circumstances independent of the employee.
  • To recognize the right to freedom of association, the right to collective bargaining, the right to create and participate in trade unions to protect their interests.
  • To respect the right of local communities to favorable living conditions, helping to reduce the negative impact on the regions of presence in relation to economic, environmental, social, and cultural aspects.
  • To develop and maintain sociocultural diversity.
  • To interact with stakeholders to provide reliable and comprehensive information on the Company's activities in the field of human rights protection.

It is proposed to introduce a new Human Rights Policy through the following activities:

  • Arrangement of human rights training for members of management and control bodies.
  • Assessment of the risks associated with the observance of human rights.
  • Development of an action plan to mitigate risks and/or eliminate the negative consequences of human rights violations.
  • Informing of employees and business partners of the need to strictly observe the basic principles of human rights and to report on incidents or suspected human rights violations in writing or through the Hotline of PJSC Inter RAO under confidentiality provisions.

Strategies, policies, codes, and declarations

Inter RAO applied bylaws approved by the Board of Directors or the Management Board of PJSC Inter RAO to govern the responsibilities for specific aspects of sustainable development. As a rule, policies, codes, and declarations set forth the basic principles, goals, objectives, and key activities relating to the aspect of sustainable development. The provisions govern the distribution and delegation of authority for the implementation of policies. In addition to setting goals and objectives, programs also contain more detailed measures stating the amount of funding for each.

Strategies, Policies, Codes, and Declarations

Strategy and Sustainable Development

  • The long-term development strategy of the Group for the period up to 2025 with an outlook for 2030.
  • Business Strategy for Power Generation, Reliability, and Safety Management

Environmental Protection

  • Environmental Responsibility Declaration

Labor Protection

  • Technical Policy of Inter RAO


  • Charity and Sponsorship Regulation

Ethics, Anti-corruption, and Compliance

  • Code of Corporate Ethics
  • Anti-fraud and Corruption Policy
  • Compliance Policy
  • Antitrust Compliance Policy
  • Internal Audit Policy
  • Policy of Risk Management and Internal Control
  • External Auditor Policy

Corporate Governance

Provisions and Programs

Strategy and Sustainable Development

  • Strategic Priorities for 2019
  • Guidelines for assessing the degree of implementation of the Inter RAO Group's Strategy Implementation Plan.

Environmental Protection

  • Target Environmental Program
  • Regulations on the System of Occupational, Industrial, Fire, and Environmental Safety Management in Respect of Production Activities of Inter RAO Group
  • Innovative development program
  • Program for Energy Saving and Enhanced Energy Efficiency of the Group

Labor Protection

  • Regulations on the System of Occupational, Industrial, Fire, and Environmental Safety Management in Respect of Production Activities of Inter RAO Group
  • Health and Safety of Employees Program
  • Health and Activity of Employees Program
  • Labor Protection Policy


  • Network Social Projects
  • Charity Projects
  • Corporate Volunteering Projects

Ethics, Anti-corruption, and Compliance

  • Regulation on Insider Information
  • Insurance Regulation
  • Regulation on the Internal Audit Unit

Corporate Governance

  • Regulation on the Information Disclosure to Shareholders
  • Regulation on the General Meeting of Shareholders
  • Regulation on the Board of Directors
  • Regulation on the Management Board
  • Regulation on the Audit Commission
  • Regulation on Payment of Remuneration and Compensation to Members of the Board of Directors
  • Regulation on the Nomination and Remuneration Committee of the Board of Directors
  • Corporate Secretary Regulation
  • Regulation on the Audit and Sustainable Development Committee of the Board of Directors
  • Regulation on the Procedure for Considering Significant Corporate Actions
  • Regulation on the Assessment of the Activities of the Board of Directors
  • The main approaches to the engagement of an independent appraiser for the purposes of major transactions and related party transactions with PJSC Inter RAO