TNK-BP prepares its regional and national social investment programs annually. This is done in partnership with government authorities, social agencies, educational and other organizations. Social investment programs are represented in signed agreements between TNK-BP andadministrations in the regions where the company operates. TNK-BP believes that consistent and long-term social investments are key to addressing national and regional social issues.
In 2005 TNK-BP spent $90 million on external social programs and in 2006, investment was increased to $160 million. By the end of November 2007, the company had allocated a further $100 million in such investment
Following are examples of TNK-BP’s 2006 strategic external programs in partnership with non-commercial organizations engaged in developing the social sphere:
· Acquisition and construction of housing for socially disadvantaged families (“Sodeistvie” Foundation; TNK-BP invested $30 million).
· Financing of a comprehensive nationwide program to prevent and treat hepatitis and HIV. The program includes purchases of medicines for children, financing in-patient treatment, and outreach activities ($6 million allocated to Children’s Hepatitis and AIDS Foundation).
· Support for under-financed medical institutions in the regions ($2.5 million allocated to Children’s AIDS Foundation).
· Financing restoration of historical buildings and preservation of cultural heritage in St. Petersburg ($9 million, St. Petersburg Development Fund).
· Supporting tuition of gifted children from low-income families and assistance to the Gorchakov School in St. Petersburg (Pavlovsk), $300,000.
In addition, the company has implemented various multi-purpose social programs and individual projects in key regions where it operates: the Khanty-Mansyisk and Yamalo-Nenets autonomous districts, the Tyumen, Orenburg, Saratov, Novosibirsk and Irkutsk regions, and the Krasnoyarsk Territory. These activities were mainly conducted within the framework of annually renewed agreements with regional administrations.
TNK-BP finances and supports medical, educational and cultural institutions, sports clubs, agricultural producers, as well as indigenous peoples. The company helped renovate and build hundreds of kilometers of roads, bridges and power lines, confirming its reputation as a reliable and long-term partner for local authorities.
In October 2006 AccountAbility, an internationally respected organization in corporate responsibility, rated TNK-BP’s social responsibility among the top ten Russian corporations
In 2007, TNK-BP allocated $10 million to the construction of Olympic sites in Sochi. TNK-BP is one of the founders of the Moscow School of Management SKOLKOVO, which will be the leading business school in Russia under the auspices of the President of the Russian Federation.
In 2008 TNK-BP plans to publish its first social report, compiled on the basis of international standards of social reporting.