Corporate responsibility
«Help others in order to help yourself»
F.W. Raiffeisen
ZAO Raiffeisenbank, along with the entire Raiffeisen Group, has always paid a great deal of attention to Corporate Social Responsibility programmes. Raiffeisenbank is more than just a major financial institution. It is also a team of more than 9,000 highly qualified professionals. The bank's social responsibility arises from team members' sense of citizenship and from each employee's inherent desire to be a part of sustainable development in the community. Here are the principles that reflect the core values of Raiffeisenbank's team.
Raiffeisenbank's responsibility to the community is reflected in following fundamental business principles:
Business Transparency
Openness and transparency in relations with partners, customers, employees and authorities are the top priority for Raiffeisenbank CJSC. The bank's disclosure of information about operations makes it possible to fairly assess risk and make decisions on long-term investment and partnership. The Bank strictly complies with the requirements of Russian law, and pays its taxes on time and in full.
Responsible Employer's Status
Raiffeisenbank CJSC is a responsible employer with more than 9,000 employees, provides them with good working conditions and offers a competitive benefits and compensation package. The bank has developed and constantly updates personnel training and advancement programmes. Being committed to enhancing social protection for its employees, Raiffeisenbank maintains a corporate pension package.
Support to Unprotected Population
Raiffeisenbank CJSC manages a wide-ranging philanthropic programme, both federally and locally.
Raiffeisenbank is advancing its charitable work along the following lines :
- assistance to the disabled of all ages
2009 was declared the Year of Equal Opportunity in Moscow. Many social initiatives will target challenges for the disabled. In this connection, the 2009 Raiffeisenbank's federal-level philanthropic policy places an emphasis on this specific at-risk population. At the same time, we continue providing support in the categories that have long been part of the bank's giving:
- assistance to the elderly, and to WWII participants and veterans
- assistance to orphans, social services, and training for neglected children and assistance to children with chronic diseases
Methods of implementing the Bank's philanthropic policy:
Response to incoming assistance requests from companies or individuals
The Bank carefully reviews all of the assistance requests we receive from external agencies (by facsimile, e-mail and ordinary mail). Assistance is provided only in given categories, based on accepted criteria.
The Helping Together! Programme
Raiffeisenbank places great emphasis on employee involvement in its charitable activities. Thanks to the Helping Together! Corporate programme, each employee is able to make his/her personal contribution to the common cause.
As part of the package, individual contributions are collected from bank employees. The bank then matches the total amount. An important part of getting a project into the Helping Together! programme is engagement on the part of bank employees, for example, as volunteers.
To date, two projects have been supported under the Helping Together! programme, and the funds collected for each have greatly exceeded the amounts requested.
Working in concert with charitable foundations and other non-for-profit companies
Eligibility criteria for organisations seeking our support:
- possession of certificates/licenses/other documents that authorise an organisation to perform its functions within the Russian Federation
- corporate operations must be transparent, and the organisation must have financial reports on hand and be ready to provide a detailed report on expenditures at any time
- a solid reputation
Herbert Stepic Foundation
Presently, the bank is preparing to launch a project through the philanthropic foundation managed by Herbert Stepic, Board Chairman at Raiffeisen International. More details on the foundation's operations are available at www.stepicceecharity.org.
Engagement in Projects Aimed at Sustainable Development of the Whole of Society
The Bank's sponsorship programme covers the three components:
- Support to outstanding cultural initiatives
- Support to young Olympians
- Improving public understanding of finance
Project selection criteria:
- A project's fit within our categories (described below)
- Highly professional preparation for the project
- The project's impact
- Management and production quality
- Possibility of participation in drafting the sponsorship package
Arts and Culture
In the area of arts and culture sponsorships, Raiffeisenbank sees its mission:
- in reviving the Russian cultural legacy;
- support for innovative initiatives in the the context of Russian culture;
- in creating a seamless cultural space between Russia and Europe.
Categories:
- New music. Preference is given to musicians representing alternative trends in musical art including: baroque, jazz, and contemporary independent music. Among them, preference is given to those who are defining the current musical environments in Europe and Russia.
- Classical music. Preferred projects are those involving young but already recognized musicians.
- Theatre. Plays, opera and ballet, theatrical festivals. Preferred projects are those related to the development of local theatre or projects with a well-defined local component.
- Fine arts. Preference is given to supporting exhibitions by current artists, sculptors and photographers.
- Mass and popular culture. Participation in major public events is largely determined at the level of Raiffeisen International.
Sports
In this area, we only support programmes or projects aimed at developing children's and youth sports and young athletes training in Olympic sports.
Education
Our policy envisages launching, sustaining and expanding programmes aimed at improving public understanding of financial affairs.
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