Principles of sustainable development

We strictly honor fundamental human rights and adhere to ethical principles in all our activities.

Our Code of Conduct⁷ establishes values, basic principles, and standards of behavior on the topics of anti-corruption, ethical behavior, discrimination, data privacy, conflict of interest, reporting misconduct, and the environment, health, and safety of employees. GRI 3-3

The standards and principles set out in the Code are binding on all employees, officers and directors of the Foundation, as well as on our group companies. Business partners, suppliers and other third parties who work with us or represent the Fund are advised to adhere to the provisions of this Code.

The unacceptability of corruption in all its manifestations continues to be a significant focus of the Fund Group. The primary internal documents regulating anti-corruption issues in the Fund are the Code of Conduct, the Anti-Corruption Policy, and the Proactive Reporting Policy.

According to our policies, the Fund and its entities should not fund charitable and sponsorship projects⁸, and our officers and employees should not fund political parties or public associations to gain or maintain an advantage in their activities.

One key principle of the Anti-Corruption Policy is the "commitment of the top management and setting the "Tone at the Top." The company's first manager is personally liable for corruption offenses committed by his/her subordinates. These provisions apply throughout the Group.

Dialogue and direct stakeholder engagement are crucial to sustainable economic development and long-term value creation. Therefore, we build relationships based on mutual trust, transparency, and honesty. The system of regular stakeholder engagement involves providing meaningful and reliable information, enabling bilateral dialogue, raising awareness of environmental hazards and risks associated with portfolio company operations, and developing a flexible grievance mechanism.

To exercise public control over the activities of the Fund and our portfolio companies, the Public Council works. Each meeting of the Fund's Public Council is covered by the Fund's own information resources and various mass media are invited.

The Fund is internationally recognized and considered one of the world’s most efficient and transparent funds. It is among the top 30 leading SWFs by assets (Global SWF) — 21st place by the end of 2023.

We highly respect privacy and are sensitive to and respectful of the right of every Fund officer and employee to engage in lawful activities outside the Fund. However, any conflict of interest between such personal interests and professional responsibilities at the Fund must be disclosed and managed in accordance with the Conflict of Interest Policy.