Development priorities for 2020 and 2021 GRI 103–2

The implementation of the Strategy is monitored by annually preparing Strategic Development Priorities that consist of a set of high-level tasks, including quantitative indicators and policy measures for Inter RAO’s businesses. The Strategic Development Priorities also make it possible to establish a correlation between the motivation of the CEO, members of the Management Board, and the strategic management system. The Board of Directors assesses the extent to which the Strategy was implemented in the reporting period by annually reviewing a Report on the Implementation of the Company’s Strategic Development Priorities that is then confirmed by an independent auditor.

The strategic priorities for 2020 were approved by the Board of Directors on December 17, 2019MinutesNo.261 dated December 17, 2019.. The strategic priorities for 2021 were approved by the Board of Directors on December 24, 2020Minutes No. 285 dated December 25, 2020. with a continued focus on the Company’s traditional businesses and were supplemented with the following priorities for the development of power engineering, digital transformation, and sustainability, taking into account the updated Strategy:

  • Reliable and accident-free operation as well as improved operating and energy efficiency of production assets
  • Developing the retail business
  • Improving the efficiency of foreign trade operations
  • Developing international operations
  • Enhancing the efficiency of engineering activities and developing power engineering
  • Developing innovations
  • Digitalization/automation of key business processes
  • Improving investment appeal and ensuring financial stability
  • Developing procurement activities and import substitution
  • Improving the efficiency of the management system and sustainable development