About the report

VKG has been preparing and publishing the Social Responsibility and Sustainable Development Report since 2008. The report is a public document which is available electronically on the Group’s homepage in Estonian, English and Russian. The consolidated report discloses the Group’s viewpoints and activities in solving the tasks related to responsible business and sustainable development in 2022 and 2023. The target audience of the report is a wide circle of stakeholders of Viru Keemia Grupp, including specialists, shareholders, investors, residents of Virumaa, social organisations, clients and partners.

The report covers Viru Keemia Grupp AS and its subsidiaries (hereinafter also referred to as VKG or the Group) in the calendar years of 2022 and 2023. The data reflecting the financial standing and production activities of the Group are derived from the consolidated data of Viru Keemia Grupp AS. The report contains information on the following topics: management, economic efficiency activities and results, ensuring production and environmental safety, supporting and developing the employees, facilitating socioeconomic development, and adhering to human rights in the Group.

The report is prepared in accordance with the Global Reporting Initiative (GRI) guidelines and in line with the sustainable development reporting principles and the respective chapters of the GRI Oil and Gas Sector reporting standard. We also use ISO certification materials in preparing the report. The environmental and occupational safety data comply with the requirements established in the standards. More details concerning the conformity of this publication with disclosure requirements can be found on the last page of the report where the GRI table of contents is located. The previous reports were prepared in accordance with GRI levels G3 and G4.

In addition to the Social Responsibility and Sustainable Development Report, VKG will start preparing a Sustainability Report starting from 2025 in accordance with the EU directive. The first such report will be completed in 2026. As the process is work-intensive, preparations are already being made.

This report contains plans of medium-term and long-term perspective. This information is a forecast, as the implementation of the disclosed intentions also depends on (economic, social and legal) factors which are beyond the Group’s control. The actual results may therefore differ from the plans.