Glossary and Abbreviations
Aspect: as applied to sustainability reporting, a material subject that reflects the Company’s significant economic, environmental, and social impacts and influences the assessments and decisions of shareholders, investors, and other stakeholders.
Stakeholder relations: the process that helps the Company understand the interests, expectations, and concerns of stakeholders and engage them in its activities and decision-making with due consideration to their problems.
Stakeholder dialog: interactive interaction organized between the Company and its stakeholders on a voluntary basis and used to comprehend the interests and motives of the parties.
Stakeholders: individuals and organizations that can be materially affected by ROSSETI’s activities and services and organizations and individuals whose actions can affect the Company’s activities and performance.
Key performance indicator (KPI): an integrated indicator of performance measurement applied to the Company, a division, or a specific officer and evaluating the achievement of the goals at a given time.
Corporate social responsibility (CSR): the regularly revised combination of obligations corresponding to the Company’s particularities and voluntarily developed with the participation of key stakeholders. Intended for implementing internal and external social programs whose results facilitate the development of the Company, the improvement of its reputation, and the deepening and expanding constructive relations with stakeholders.
Corruption: bribery, abuse of power, commercial bribery, or any other illegal use by employees of their positions contrary to the legitimate interests of the Company in order to gain an advantage.
Conflict of interest: a situation where the personal interest (direct or indirect) of an employee of the Company affects or may affect the proper performance of his or her official duties and where there is or may be a conflict between the personal interest of an employee and the rights and legitimate interests of the Company, which may be detrimental to the interests of the Company.
Power supply reliability: an uninterrupted electricity supply for all customers in the required quantity and of the proper quality.
Social or non-financial reporting: the identification, assessment, monitoring, and publication of information relating to the company’s real contribution to society, country, and region development and prepared with the use of international non-financial reporting standards and best practices.
Network connection: a primary service provided by ROSSETI SDCs and making it technically possible to consume (deliver) electricity (capacity). The service includes an actual electricity connection.
Sustainable development: development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
RAB regulation (return on invested capital method): the tariff design system based on long-term tariff regulation. Intended for attracting large investment in the industry. The methodology is based on the principle of ensuring the return on capital invested in companies’ assets for the specified period corresponding to the relevant operating life of assets and of receiving the rate of return. The rate of return determined by the government should correspond to the level of risks in grid companies and ensure the industry’s appeal for investors.
Abbreviations
- HCS B:
- high-capacity storage battery
- ASPOL:
- Association of Polar Explorers
- PWOL:
- protected-wire overhead line
- RES:
- renewable energy source
- OL:
- overhead line
- AREU:
- All-Russian Electrounion
- SDCs:
- subsidiaries and dependent companies
- HUS:
- housing and utility services
- KPI:
- key performance indicator
- CSR:
- Corporate social responsibility
- PL:
- power line
- MVD:
- Ministry of the Interior of the Russian Federation
- Minenergo:
- Ministry of Energy of the Russian Federation
- WEC:
- World Energy Council
- MMWR:
- minimum monthly wage rate
- SMBs:
- small and medium-sized businesses
- EMERCO M:
- Ministry of Civil Defense, Emergencies and Disaster Relief of the Russian Federation
- R&D:
- research and development
- LR:
- legal regulations
- NSPC:
- non-state pension coverage
- OVS:
- overvoltage suppressor
- SWRA:
- Sectoral Wage Rate Agreement
- RaEl:
- All-Russia Trade Association of Employers in the Power Industry
- Rosimushchestvo:
- Federal Agency for State Property Management of the Russian Federation
- Roskomnadzor:
- Federal Service for Supervision of Communications, Information Technology and Mass Media of the Russian Federation
- Rostekhnadzor:
- Federal Service for Environmental, Technological and Nuclear Supervision of the Russian Federation
- REC:
- Regional Energy Commission, Moscow
- SanPiN:
- public health regulations
- SPZ:
- sanitary protection zone
- Media:
- mass media
- SL B:
- student labor brigade
- NC:
- network connection
- FES:
- fuel and energy sector
- FAS:
- Federal Antimonopoly Service of the Russian Federation
- FZ:
- federal law
- FTC:
- Federal Testing Center
- FTS:
- Federal Tariff Service of the Russian Federation
- CSC:
- customer service center
- EBIT DA:
- earnings before interest, tax, depreciation and amortization
- GRI:
- Global Reporting Initiative
- IR department:
- investor/shareholder relations department
- WWF &ndash:
- World Wide Fund for Nature
Units of Measurement
- kV (kilovolt):
- unit of voltage
- kWh (kilowatt-hour):
- unit of electric power output
- MW (megawatt):
- unit of power
- MVA (megavolt-ampere):
- unit of apparent power
- GVA (gigavolt-ampere):
- unit of apparent power
- t:
- tonne
- ha:
- hectare
- pcs.:
- pieces
