About The Report

OJSC Sberbank of Russia’s 2013 Corporate Social Responsibility Report differs from previous non-financial reports of the bank. Previously, corporate social responsibility reports did not include any information or data other than in Russia. However, consistent Sberbank’s development as an international diversified financial group made us review our approach to information disclosure. We are launching integrating processes and building common approaches to corporate governance. Meanwhile the sphere of Sberbank’s influence expands through its subsidiary banks and affiliated companies with the increasing number of stakeholders and level of responsibility to them.

Therefore, in 2013, we decided to issue a corporate social responsibility report of the Sberbank Group (“Report”) which is included in the Annual Report comprising also Management Report and the Group’s financial statements.

The Report is designed to provide our principal stakeholders with unbiased, complete, and consolidated quantitative and qualitative information on the development priorities established by Sberbank’s Corporate Social Responsibility Policy.

The Group followed the GRI Guidelines’ principles to define the Report content: materiality, stakeholder inclusiveness, sustainability context, and completeness in accordance with the GRI Guidelines’ recommendations. To decide whether to include an issue in the Report, we used the following tools:

  • interviews with bank managers;

  • analysis of industry non-financial reporting;

  • analysis of the Russian business press;

  • employee and client polls;

  • institutional investor polls;

  • results of the public discussion of the previous Report, with the use of the crowdsourcing platform.

To ensure Report quality, the Group applied the principles of balance, comparability, accuracy, timeliness, clarity and reliability established by the GRI Guidelines.

The Report complies with Level A of the GRI Sustainability Reporting Guidelines.

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