Sustainable Development Management

Sustainable development is the development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

As a profit-making entity, TVEL FC seeks to build sustainable business in the interests of its sole shareholder while maximizing the focus on sustainable development. Social commitment of the Fuel Company is historically a given whereas strict compliance with safety regulations is an essential property of the entire nuclear sector. Therefore, sustainable growth of TVEL FC is in harmony with TVEL JSC abides by basic Russian and international standards and corporate practices of the ROSATOM State Corporation in the area of corporate governance. Improvement of corporate the strive for high financial and industrial indicators while upholding social and environmental efficiency.

Regardless of the objective limitations that bind the nuclear power sector, it is still about the power of the future and the sector that may contribute greatly to the long-term solution to the problem of global depletion of energy resources and climate change.

The Fuel Company is aimed at complying with the following principles which are essential for sustainable development, including:

• unconditional promotion of nuclear and radiation safety;
• reduction of negative environmental impact of its activity through development and introduction of modern and advanced technologies;
• securing the financial stability of the Company and increasing its competitive capacity;
• the increasingly efficient production activity;
• development of scientific and engineering potential of TVEL FC and the entire nuclear sector;
• social and economic development of the regions of presence;
• personnel care;
• respect for human rights;
• resistance to corruption.

For more details about the abovementioned principles and how the Company upholds them see the Report.