Sakhalin Energy Becomes Global Compact LEAD Participant (Russia)

Sakhalin Energy has become the first and the only Russian company who was chosen by the United Nations to join the new platform for Corporate Sustainability Leadership – Global Compact LEAD, launched within the frames of the UN Global Compact.

Sakhalin Energy has made a historic commitment to adopt ambitious sustainability roadmap in socially responsible performance to demonstrate with its own example integration of the most modern standards for corporate social responsibility into one of the leading oil and gas projects in the world.

Global Compact LEAD is the new platform created by the UN Global Compact to implement a range of actions in environmental, social and governance performance, as well as creation of new standards of corporate social responsibility.

The UN Secretary-General Ban Ki-moon said in his remarks to the group of companies: “From the beginning, the Global Compact has been driven by business leaders willing to move beyond the status quo. Through Global Compact LEAD, you can help guide the way to the level of sustainability performance our world requires from business today”.

The Sakhalin Energy Chief Executive Officer Andrey Galaev said: “It is an honor for our company to participate in such an important undertaking. I am sure that with support from our shareholders we will successfully fulfill our commitments and will bring the corporate social responsibility to a new level”.

Global Compact LEAD united 54 companies from 24 countries, such as USA, Great Britain, China, Canada, Germany and others. All of the participants have achieved high standards in corporate social responsibility.

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Source: Sakhalin Energy, February 4, 2011;