The 2018 annual report of Rosseti Lenenergo won a prize as the Best Corporate Annual Report for Companies with RUB 40bln to RUB 200bln Capitalization in the 22nd Annual Contest of Annual Reports held by the Moscow Exchange and RCB Media Group.

A total of 123 companies, including 14 first-timers, applied to participate in the contest. The jury panel consisted of 16 experts, including professionals from major investment funds, non-governmental organizations and regulators, financial analysts, as well as corporate governance and communications experts.

This year, the jury praised the Rosseti Lenenergo’s illustrative and comprehensible business model, an insightful risk management section, and that fact that all aspects of the corporate governance system were disclosed. On top of that, descriptions and figures across key strategic areas over time as well as benchmarking against the industry’s peers were praised as best disclosure practices.

“For a second year running, Rosseti Lenenergo is ranked among the market’s heavyweights
with capitalizations greater than RUB 40 billion, which is a new experience for us. So we are all the more happy to be among the winners of the contest. We seek to maintain high disclosure standards and monitor and follow the domestic and international best practices going forward,” said Daniil Krainsky, member of the Board of Directors and Deputy CEO, Corporate Governance at Rosseti Lenenergo.

Rosseti Lenenergo has more than once been a nominee and winner of the contest, demonstrating a consistently high level of disclosure and a responsible approach to reporting.

The contest of annual reports contest sponsored by MOEX together with RCB Media Group was first held in 1997 and serves as a forum setting standards for companies in terms of shareholder reporting about companies’ business and development strategies. The contest also helps identify the current annual corporate report trends and best practices for such aspects as content, structure, and design.