Sustainable Development Governance Structure
The management of sustainable development is closely integrated into the Fund’s corporate governance structure, enabling these matters to be addressed at all levels—from the Board of Directors to executive bodies and functional management.
The Fund's Management Board is responsible for operational activities, as well as economic and sustainable development. It reports to the Board of Directors and provides quarterly updates on the Fund’s performance. The Management Board is also accountable for the implementation of strategic objectives and the advancement of the Fund’s sustainability agenda, as approved by the Board of Directors and the Sole Shareholder.
Committees of the Board of Directors play an important role in the thorough review of matters within their respective mandates, particularly those related to sustainable development, including occupational health and safety, and environmental protection.
Strategic level
Sole Shareholder
Approval of the Corporate Governance Code, appointment/dismissal of Directors, Chief Executive Officer, Approval of the Fund's Development Plan, approval of financial results and receipt of dividends
Board of Directors
Strategic management and control, approval of goals and KPI in the field of SD, SR, ESG policies, hearing reports on HSE
Chairman of the Management Board, Member of the Board of Directors
Ombudsman
Ensures compliance with the principles of business ethics and facilitates the resolution of disputes and conflicts
Corporate Secretary
Ensures the effective functioning of the Board of Directors and its Committees, as well as compliance by governing bodies and officials with corporate governance rules and procedures
Audit Committee
Oversight of risks in the field of SD and the quality of non-financial information and reporting
Nomination and remuneration committee
Provides recommendations on the Fund's human resources policy, conducts performance evaluations of members of the Management Board, the Corporate Secretary, and the Ombudsman
Compliance Service
Organisation and operation of the anti-corruption system
Internal Audit Service
Audits and control
Management level
Management Board
Control and monitoring of activities in strategic areas of development, programs and activities, monitoring the implementations of goals and KPI in the field of SD, approval of the list of material topics
Management and structural divisions of the Fund
Develops initiatives and activities in the field of SD and integrates ESG principles into key processes and aspects of activities in the areas of their responsibility
Responsibility for operational management of specific aspects of ESG, implementation of initiatives, programs, plans and activities in the field of SD
SD Committee
Development of recommendations for the Management Board of the Fund and representatives of the Fund on the Board of Directors of the PC, coordination of activities carried out by the PC in the field of SD
Scientific And Technical Council
Selection, accounting, monitoring and control of R&D and innovation projects
Health, safety and environment committee (HSE Committee)
Develops recommendations for the Management Board of the Fund and the Fund's representatives on the PC Boards of Directors, and coordinates PC activities in the H&S field
Investment And Strategy Committee
Consideration of investment projects of the Fund and the PC