Report Overview

Obolon Corporation presents its sixth non-financial Sustainability Report for the year 2013 and the first half of 2014. This document has been prepared according to the provisions of the GRI (Global Reporting Initiative) international sustainability reporting standard in conformity with the "Core" version of the latest G4 version and the ten principles of the UN Global Compact.

Obolon Corporation traditionally maintains the annual reporting cycle; its previous non-financial Sustainability Report was published in late 2013 based on the results of 2012 and the first half of 2013. The document is prepared in accordance with the GRI reporting standard, version G3.1, for a "B" grade, and certified by an independent audit report of the BDO company.

According to the GRI G4 standard, the extent of information disclosure in this year's Report was established separately for each Aspect. On some major issues (Aspects), the extent of coverage and disclosure of indicators is limited because these Aspects are insignificant and their data have no impact on the consolidated reporting results. On some issues, the extent of information disclosure is expanded due to the corporation structures for whose activity the selected Aspects are the most significant. The external limits of the Report cover the activities in the economic, environmental and social areas of ten Obolon Corporation companies in eight regions of Ukraine.

The analysis of the Global Reporting Initiative G4 Standard, corporate risks review, systematization of long-term projects and investments in sustainable development, and cooperation with the key stakeholders of the Obolon Corporation made it possible to compile this Report and determine the significant Aspects. The priority subjects of the non-financial document were determined by the management of the Obolon Corporation based on communications with the major stakeholders. The feedback from the stakeholders (letters, phone calls, hotline messages, social media messages, meetings, etc.) identified the list of significant Aspects of the Obolon Corporation, which include:

• financial and economic results;
• labour practices: personnel development, safe working conditions;
• gender equality;
• product quality and safety;
• environment protection;
• contribution to the regional economy;
• corporate management;
• energy efficiency; resource recycling and wasteless operation;
• investment in socially important culture and education programmes.

Obolon Corporation's sixth report is presented in two formats: a pdf version and a full interactive website. This year, as a socially responsible producer, Obolon refused from a printed version of the social report, thus making another contribution to the environment protection.

Preparing the Report each year, the company engages a professional independent auditor to certify the document. Obolon Corporation's Sustainability Report for the year 2013 and the first half of 2014 underwent independent external audit by the BDO audit company, which certified its conformity with the "core" level of the 4^th version of the G4 GRI international reporting standard. The Audit Report is provided in Annex 1.