Sustainable social development

For Shtokman Development AG, social responsibility is not just a commitment, but rather a way of life for the company as a whole and each individual employee. It is the way to conduct business.

We arrange professional planning of our corporate social responsibility activities and integrate them into our business planning on all levels within the company.

The first step in this direction was made when Shtokman Development AG registered its offices in Murmansk Oblast and completed the entire process of legal and tax registration in the region.

In 2008-2009 the Company commissioned socioeconomic studies in the planned operating area, and these studies became the basis of the ESHIA social section.

In 2009, Shtokman Development AG signed a long-term cooperation agreement with the Murmansk Oblast government that among other things covers development of the Murmansk Oblast infrastructure and the welfare of its population.

The agreement was signed during the first Murmansk Economic Forum, of which Shtokman Development AG was one of the official sponsors.

In July 2010 Shtokman Development AG, together with the Murmansk and Archangel Oblast governments, set up standing working groups to cover the key areas of operation. These working groups currently provide an effective interface between the Company and the regional authorities in the context of project implementation.