Gazprom demonstrating high level of corporate governance quality

The Gazprom Board of Directors took note of the information about the current state of corporate governance, corporate ethics, and transparency of activities at Gazprom.

It was highlighted that the Company continued to systematically improve its corporate governance standards in 2021.

In particular, the Board of Directors approved the Sustainable Development Policy of the Gazprom Group in April that year. In July, the Sustainable Development Committee of the Board of Directors was formed and the regulation on the Committee was approved by the Board of Directors.

The preparation of the Gazprom Group's Sustainability Report was expedited. In 2021, the Report was for the first time included into the supporting materials for the annual General Shareholders Meeting of Gazprom.

Utmost attention is paid to compliance with the standards of corporate ethics at the Gazprom Group companies. In 2021, newly hired employees received relevant training, while other employees underwent a regular assessment of their knowledge in this sphere.

In 2021, changes were introduced into Russian legislation in the sphere of insider information protection. The changes were in a timely manner reflected in the Company's internal regulatory documents.

The corporate standards being implemented at Gazprom are consistently commended by the professional community. In 2021, the Expert RA rating agency assigned to Gazprom the highest governance quality rating of A++.gq, and confirmed the rating in February 2022.

The Management Committee was tasked with continuing the work on enhancing corporate governance at Gazprom.