RusHydro joins UN Global Compact
September 7, 2017, Vladivostok, Russia. RusHydro Group (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that on the sidelines of the Eastern Economic Forum it has signed a letter of commitment addressed to the UN Secretary General in support of the United Nations Global Compact, the most prominent UN sustainable development initiative for business, and the ten principles of the Global Compact with respect to human rights, labour, environment and anti-corruption.
The Russian Global Compact Network (acting as the Association “National Network of the Participants to the Global Compact for the Implementing the Principles of Responsible Business in Corporate Practice”) led by Vnesheconombank since 2013, promoted the decision and helped forward preparation of letter of commitment by RusHydro. The public confirmation of its commitments via the letter addressed to the UN Secretary General is considered to be the key milestone of joining the Global Compact.
In accordance with the Global Compact RusHydro undertakes to uphold both the principles of the UN Global Compact, and the 2030 Agenda for Sustainable Development. RusHydro will also submit the annual Communication on Progress in the form of corporate social responsibility report prepared in accordance with GRI standards, containing the statement by the Chairman of the Management Board - General Director, expressing continued support for the Global Compact principles.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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