Corporative social responsibility

Dear Colleges and Partners!

«Limited Liability Company» Investment company of Vnesheconombank («VEB Capital») (hereinafter — the Company) was organized in December 2009 as 100% associated company of Vnesheconombank. The main activities are work with distressed and non-core assets of the Group of Vnesheconombank in order to increase their market value, and the development of investment teams, including the execution of functions of the organizer of mortgage bonds in the framework of the investment projects of Vnesheconombank in affordable housing and mortgages in 2010-2013, provide investment services.

It is impossible to head business successfully if you are functioning in the isolated space. That’s why we are trying to make our activity closer to the field of sustainable development to the best practices of Russian and foreign companies.

Understanding our responsibility in front of the society during our new projects realization we will focus on their compliance with environmental protection and ecological safety. Such a provision is laid down in Ltd. «VEB Capital» Strategy Development for 2012-2015.

Management of LLC VEB Capital

In the field of the foreign social responsibility our Company plans:

  • To develop appropriate regulations of the Company, which are focusing on Vnesheconombank’s social and environmental requirements compliance during the project proposal examination, the Company's contractors, as well as the projects of the Company, where they are used. If you bring such claims to current and potential counterparties of the Company, it will allow avoiding negative impacts on the Company and realizing environmental protection problems;
  • To take an active part in public events designed to discuss issues in CSR;
  • To train employees of the Company and its associated companies according to CSR questions and responsible behavior practice.

In domestic social responsibility of the Company main tasks during the implementation of this Strategy are:

  • Development of internal regulations Company development in terms of the introduction the requirements Company introduction to optimize the impact on the environment (reduction of consumption of energy, water, etc.);
  • The Company regulatory framework development on social issues in terms of reflecting on disease prevention related to the professional activities of the Company employees, labor protection measures;
  • Documents development in the field of professional ethics in order to increase employees’ responsibility to form favorable climate, prevent violations of ethical standards and apply the Company moral or reputational damage.

Company's corporate governance to prevent the use of insider information by employees for personal use is making in the requirements of the following documents:

  • «Access order to insider information, the rules of its confidentiality and control over compliance with the current legislation of the Russian Federation», was approved by LLC «VEB Capital» decision (hereinafter — the Order).
  • «The measures to prevent market manipulation in the exercise of professional activities in the securities market LLC «Investment Company of Vnesheconombank («VEB Capital»)», was approved by LLC «VEB Capital» decision.
  • The procedure is aimed at preventing the execution of transactions in financial instruments that are used in organized trading in the Russian Federation and (or) financial instruments in respect of which the request for admission to trading on the bid and the price of which depends on foreign currency and (or) goods admitted to trading on organized trading, and (or) financial instruments, the price of which depends on foreign currency and (or) the goods in respect of which the request for admission to trading on these trades using inside information.