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Annual Report (2014-2017)
Contents
2017 Annual Public Report presented by Atomredmetzoloto, JSC is the tenth integrated report issued by the Holding.
Application Level
Standard GRI SRS Basic
Scope
Operations of Atomredmetzoloto, JSC from 01.01.2017 to 31.12.2017.
Standards and regulations used to prepare the Report
Federal Laws and Regulations:
- Federal Law No. 208-ФЗ “On Joint-Stok Companies” dd. 26.12.1995;
- Federal Law No. 402-ФЗ “On Accounting” dd. 06.12.2011;
- Bank of Russia Regulation No.454-П “On information disclosures by issuers of equity securities” dd. 30.12.2014.
- Bank of Russia Letter No.06-52/2463 “On corporate management code” dd. 10.04.2014.
International Public Reporting Standards:
- International Standards for Stakeholder Engagement (AA1000, Institute of Social and Ethical AccountAbility);
- Integrated Reporting Standard by International Integrated Reporting Council (IIRC);
- Sustainability Reporting Standard by Global Reporting Initiative (GRI);
- ISO 26000:2010 — Guidance on social responsibility, etc.
Rosatom State Corporation’s Bylaws:
- Rosatom State Corporation’s Integrated Industry Public Reporting Policy, approved by Decree No.1/1069-П issued by Rosatom State Corporation on 11.11.2015;
- Integrated Industry Procedural Guidelines on Public Reporting for Rosatom State Corporation and its subjects, approved by Decree No.1/671-П issued by Rosatom State Corporation on 18.07.2017.
Atomredmetzoloto, JSC’s Bylaws:
- Atomredmetzoloto, JSC’s Annual Public Reporting Standard
Priority subject of the Report: 10 years’ results: new sustainable development perspectives
In the course of the Report’s preparation, the Holding’s activities for 2017 were analyzed. The Report was prepared in close cooperation with all stakeholders.
In November, 2017 a discussion of the Report’s concept was held in correspondence.
2 discussions regarding the Report’s priority subject were held on January 24, 2018.
Public discussion of the Draft Report were held on April 25, 2018.
See details in the “Stakeholder Discussions in the Course of the Report Preparation” section.
The process to determine the information’s significance
According to the International Integrated Reporting Standard and Sustainability Guidelines of GRI SRS, in November, 2017 the Holding’s stakeholders were polled to determine the significant subjects’ priority levels.
According to the poll results, the significant subjects of the Holding’s operations to subsequently expound on them in the Report; a number of subjects were classified as not significant (Suppliers, Workers’ compensation, Forced labor, Local communities, Partner engagement, etc.); some of them were joined with the others (Forced and child labor, Marketing and marking, etc.), some of them were clarified (Allegations - Allegations of human rights violations); some new subjects were introduced (Digitalization).
There were no significant changes in the significant subject’s scope and coverage compared to the prior reports.
The performance indicators provided in the Report are classified among the following frameworks:
- production indicators were presented based on the assets data of Priargunsky Mining and Chemical Works, Dalur, JSC, Khiagda, JSC, RUSBURMASH, JSC, VNIPIpromtechnologii, JSC;
- environmental indicators were based on the data of Priargunsky Mining and Chemical Works, Dalur, JSC, Khiagda, JSC;
- staff and occupational safety indicators were based on the data of Atomredmetzoloto, JSC, Priargunsky Mining and Chemical Works, Dalur, JSC, Khiagda, JSC, RUSBURMASH, JSC, VNIPIpromtechnologii, JSC, ARMZZ Service, LLC;
- financial indicators were based on the reports consolidation framework, in accordance with RAS requirements.
Report Verification
Financial audit: Naxia Pacioli Group of Companies
Reviewed by Internal Control and Audit Department
Public Approval
Confirmation of Information Authenticity
The final version of the Report was approved by the Company CEO and the Board of Directors.
Limitation of liability for publishing prospective data
This Report contains representations of prospective nature concerning production, financial, economic and social indicators characterizing the Company’s future development. Implementation of our intentions and prospects depends directly on political, economic, social and legal climate. Therefore, the actual results of the Company’s operations may differ from the projected ones.
Report Contents
2016 Public Annual Report of Atomredmetzoloto JSC is the Holding’s ninth integrated report.
Application Level
Standard GRI SRS Basic
Report Limits
Atomredmetzoloto JSC activities for the period from 01.01.2016 to 31.12.2016.
Standards and Regulations Used for Preparation of the Report.
Federal Regulations
- Federal Law No 208-FZ dated 26.12.1995 “On Joint Stock Companies”;
- Federal Law No 402-FZ dated 06.12.2011 “On Accounting”;
- Regulation on Disclosure of Information by Equity Securities Issuers No 454-P, approved by the Bank of Russia on 30.12.2014;
- Letter of the Bank of Russia No 06-52/2463 of 10.04.2014 “On Corporate Governance Code”.
International Public Reporting Standards:
- АА1000 International Stakeholder Engagement Standards (Institute of Social and Ethical AccountAbility);
- Integrated Reporting Standard of the International Integrated Reporting Council (IIRC, International IR Framework);
- Standard ISO 26000:2010 “Guidance on Social Responsibility”, etc.
Regulatory Documents of State Atomic Energy Corporation “Rosatom”:
- Public Reporting Policy of State Atomic Energy Corporation “Rosatom” approved by order No 1/403-P issued by State Corporation “Rosatom” on 13.05.2011.
Report Contents Preparation and Determination Procedure
The Holding activity in 2016 was analyzed during preparation of the Report.
The key task of the Holding is still stable procurement of State Corporation “Rosatom” with the strategic raw staff while preserving competitive ability of the Russian uranium.
Report priority subject: Ensuring competitive ability of the Russian uranium: results and prospects
Determination of Information Materiality
In December 2016, during preparation of the Report in accordance with the Integrated Reporting Standard IIRS and the Public Reporting Standard of the “Global Reporting Initiative” (GRI), the questionnaire survey was conducted as applied to the representatives of the concerned parties and the Holding top management within the first dialogue with the parties concerned.
The questionnaire survey was aimed at identifying the material issues to be disclosed in the Report, which represent the most significant economic, environmental and social impact of the Holding.
Following the questionnaire results, adjustment was made and the Holding activity essential issues were determined to be subsequently disclosed in the Report.
There is neither significant change of the scope and limits of material issues nor any restatement of indicators as compared to the previous reports. The performance indicators represented in the Report refer to the following perimeter:
- operating data are presented based on the asset data — PJSC PMCW, JSC Dalur, JSC Khiagda, JSC RUSBURMASH, JSC VNIPIpromtechnologii;
- environmental values — PJSC PMCW, JSC Dalur, JSC Khiagda;
- personnel and work safety values — Atomredmetzoloto JSC, PJSC PMCW, JSC Dalur, JSC Khiagda, JSC RUSBURMASH, JSC VNIPIpromtechnologii;
- financial performance — in accordance with the requirements of RAS.
Information Assurance
The final version of the Report is approved by the Company’s General Director and Board of Directors.
Report Verification
Financial audit — CJSC KPMG
Public attestation (AA1000AS)
Forecast Data Publication Disclaimer
The Report contains forecasting statements in regard of the operating, financial, economic and social indicators characterizing the Company’s further development. Implementation of the estimates and intentions is connected directly with the political, economic, social and legal situations. In this regard, the Company’s actual operating performance results may differ from those estimated.
Our Awards and Achievements
- ARMZ annual report for 2015 was recognized as the gold winner in the nominated category “Annual Report” and was included in TOP-100 in terms of report preparation quality among large world-level companies, which took part in the international contest “LACP 2016 Spotlight Awards Global Communications Competition” organized by the League of American Communications Professionals (LACP);
- ARMZ annual report for 2015 for the second time became the prize-winner in the nominated category “Best Business Model Presentation in Non-Public Company’s Report” of the XIX Yearly Contest of Annual Reports organized by Moscow Exchange and the media group “RTsB”;
- ARMZ annual report for 2015 is awarded the diploma in the nomination “Commitment to Disclosure and Transparency Rules” at XIII Annual Practical Conference “Annual Report: Leaders’ Experience and New Standards” organized by “Expert RA” agency (RAEX);
- ARMZ annual report for 2015 was included in TOP-10 in terms of report preparation quality among the largest national companies in the rating of the annual reporting quality of “Expert RA” agency (RAEX).
Report Contents
The public annual report of Atomredmetzoloto JSC for 2015 is the eighth report of the Holding where in the integrated form the financial, operating and non-financial indicators are presented, which provide for a comprehensive view of the Company’s activities, including in the field of sustainable development.
The basic difference of this report from the previous one is that special sections devoted to the operation of JSC Khiagda and JSC VNIPIpromtechnologii will be included into it due to the development of the performance improvement program of Uranium Holding “ARMZ”. The information on the key competencies and development prospects of the companies will be brought to the attention of their concerned parties.
Application Level
Standard GRI SRS Basic
Report Limits
Atomredmetzoloto JSC activities for the period from 01.01.2016 to 31.12.2016.
Standards and Regulations Used for Preparation of the Report.
Federal Regulations
- Federal Law No 208-FZ dated 26.12.1995 “On Joint Stock Companies”;
- Federal Law No 402-FZ dated 06.12.2011 “On Accounting”;
- Regulation on Disclosure of Information by Equity Securities Issuers No 454-P, approved by the Bank of Russia on 30.12.2014;
- Letter of the Bank of Russia No 06-52/2463 of 10.04.2014 “On Corporate Governance Code”.
International Public Reporting Standards:
- АА1000 International Stakeholder Engagement Standards (Institute of Social and Ethical AccountAbility);
- Integrated Reporting Standard of the International Integrated Reporting Council (IIRC, International IR Framework);
- Standard ISO 26000:2010 “Guidance on Social Responsibility”, etc.
Regulatory Documents of State Atomic Energy Corporation “Rosatom”:
- Public Reporting Policy of State Atomic Energy Corporation “Rosatom” approved by order No 1/403-P issued by State Corporation “Rosatom” on 13.05.2011.
Report Contents Preparation and Determination Procedure
The Holding activity in 2016 was analyzed during preparation of the Report.
The key task of the Holding is still stable procurement of State Corporation “Rosatom” with the strategic raw staff while preserving competitive ability of the Russian uranium.
Report priority subject: Ensuring competitive ability of the Russian uranium: results and prospects
Determination of Information Materiality
In December 2016, during preparation of the Report in accordance with the Integrated Reporting Standard IIRS and the Public Reporting Standard of the “Global Reporting Initiative” (GRI), the questionnaire survey was conducted as applied to the representatives of the concerned parties and the Holding top management within the first dialogue with the parties concerned.
The questionnaire survey was aimed at identifying the material issues to be disclosed in the Report, which represent the most significant economic, environmental and social impact of the Holding.
Following the questionnaire results, adjustment was made and the Holding activity essential issues were determined to be subsequently disclosed in the Report.
There is neither significant change of the scope and limits of material issues nor any restatement of indicators as compared to the previous reports. The performance indicators represented in the Report refer to the following perimeter:
- operating data are presented based on the asset data — PJSC PMCW, JSC Dalur, JSC Khiagda, JSC RUSBURMASH, JSC VNIPIpromtechnologii;
- environmental values — PJSC PMCW, JSC Dalur, JSC Khiagda;
- personnel and work safety values — Atomredmetzoloto JSC, PJSC PMCW, JSC Dalur, JSC Khiagda, JSC RUSBURMASH, JSC VNIPIpromtechnologii;
- financial performance — in accordance with the requirements of RAS.
Information Assurance
The final version of the Report is approved by the Company’s General Director and Board of Directors.
Report Verification
Financial audit — CJSC KPMG
Public attestation (AA1000AS)
Forecast Data Publication Disclaimer
The Report contains forecasting statements in regard of the operating, financial, economic and social indicators characterizing the Company’s further development. Implementation of the estimates and intentions is connected directly with the political, economic, social and legal situations. In this regard, the Company’s actual operating performance results may differ from those estimated.
Our Awards and Achievements
- ARMZ annual report for 2015 was recognized as the gold winner in the nominated category “Annual Report” and was included in TOP-100 in terms of report preparation quality among large world-level companies, which took part in the international contest “LACP 2016 Spotlight Awards Global Communications Competition” organized by the League of American Communications Professionals (LACP);
- ARMZ annual report for 2015 for the second time became the prize-winner in the nominated category “Best Business Model Presentation in Non-Public Company’s Report” of the XIX Yearly Contest of Annual Reports organized by Moscow Exchange and the media group “RTsB”;
- ARMZ annual report for 2015 is awarded the diploma in the nomination “Commitment to Disclosure and Transparency Rules” at XIII Annual Practical Conference “Annual Report: Leaders’ Experience and New Standards” organized by “Expert RA” agency (RAEX);
- ARMZ annual report for 2015 was included in TOP-10 in terms of report preparation quality among the largest national companies in the rating of the annual reporting quality of “Expert RA” agency (RAEX).
Report Contents
The public annual report for 2014 is the seventh report prepared by Uranium Holding “ARMZ” (hereinafter referred to as Atomredmetzoloto JSC, Uranium Holding “ARMZ”, ARMZ, Holding, Company). It presents in the integrated form the financial, operating and non-financial indicators, which provide for a comprehensive view of the Company’s activities, including in the field of sustainable development.
The basic difference of this Report is special sections addressing the activities performed by the Holding key uranium assets — PJSC PMCW, JSC Khiagda and JSC Dalur.
Application Level
Standard GRI SRS Basic
Report Limits
Atomredmetzoloto JSC activities for the period from 01.01.2016 to 31.12.2016.
Standards and Regulations Used for Preparation of the Report.
Federal Regulations
- Federal Law No 208-FZ dated 26.12.1995 “On Joint Stock Companies”;
- Federal Law No 402-FZ dated 06.12.2011 “On Accounting”;
- Regulation on Disclosure of Information by Equity Securities Issuers No 454-P, approved by the Bank of Russia on 30.12.2014;
- Letter of the Bank of Russia No 06-52/2463 of 10.04.2014 “On Corporate Governance Code”.
International Public Reporting Standards:
- АА1000 International Stakeholder Engagement Standards (Institute of Social and Ethical AccountAbility);
- Integrated Reporting Standard of the International Integrated Reporting Council (IIRC, International IR Framework);
- Standard ISO 26000:2010 “Guidance on Social Responsibility”, etc.
Regulatory Documents of State Atomic Energy Corporation “Rosatom”:
- Public Reporting Policy of State Atomic Energy Corporation “Rosatom” approved by order No 1/403-P issued by State Corporation “Rosatom” on 13.05.2011.
Report Contents Preparation and Determination Procedure
The Holding activity in 2016 was analyzed during preparation of the Report.
The key task of the Holding is still stable procurement of State Corporation “Rosatom” with the strategic raw staff while preserving competitive ability of the Russian uranium.
Report priority subject: Ensuring competitive ability of the Russian uranium: results and prospects
Determination of Information Materiality
In December 2016, during preparation of the Report in accordance with the Integrated Reporting Standard IIRS and the Public Reporting Standard of the “Global Reporting Initiative” (GRI), the questionnaire survey was conducted as applied to the representatives of the concerned parties and the Holding top management within the first dialogue with the parties concerned.
The questionnaire survey was aimed at identifying the material issues to be disclosed in the Report, which represent the most significant economic, environmental and social impact of the Holding.
Following the questionnaire results, adjustment was made and the Holding activity essential issues were determined to be subsequently disclosed in the Report.
There is neither significant change of the scope and limits of material issues nor any restatement of indicators as compared to the previous reports. The performance indicators represented in the Report refer to the following perimeter:
- operating data are presented based on the asset data — PJSC PMCW, JSC Dalur, JSC Khiagda, JSC RUSBURMASH, JSC VNIPIpromtechnologii;
- environmental values — PJSC PMCW, JSC Dalur, JSC Khiagda;
- personnel and work safety values — Atomredmetzoloto JSC, PJSC PMCW, JSC Dalur, JSC Khiagda, JSC RUSBURMASH, JSC VNIPIpromtechnologii;
- financial performance — in accordance with the requirements of RAS.
Information Assurance
The final version of the Report is approved by the Company’s General Director and Board of Directors.
Report Verification
Financial audit — CJSC KPMG
Public attestation (AA1000AS)
Forecast Data Publication Disclaimer
The Report contains forecasting statements in regard of the operating, financial, economic and social indicators characterizing the Company’s further development. Implementation of the estimates and intentions is connected directly with the political, economic, social and legal situations. In this regard, the Company’s actual operating performance results may differ from those estimated.
Our Awards and Achievements
- ARMZ annual report for 2015 was recognized as the gold winner in the nominated category “Annual Report” and was included in TOP-100 in terms of report preparation quality among large world-level companies, which took part in the international contest “LACP 2016 Spotlight Awards Global Communications Competition” organized by the League of American Communications Professionals (LACP);
- ARMZ annual report for 2015 for the second time became the prize-winner in the nominated category “Best Business Model Presentation in Non-Public Company’s Report” of the XIX Yearly Contest of Annual Reports organized by Moscow Exchange and the media group “RTsB”;
- ARMZ annual report for 2015 is awarded the diploma in the nomination “Commitment to Disclosure and Transparency Rules” at XIII Annual Practical Conference “Annual Report: Leaders’ Experience and New Standards” organized by “Expert RA” agency (RAEX);
- ARMZ annual report for 2015 was included in TOP-10 in terms of report preparation quality among the largest national companies in the rating of the annual reporting quality of “Expert RA” agency (RAEX).
