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Anti‑corruption

Description of the anti‑corruption system

Rusagro Group recognises the importance of anti‑corruption to effective corporate governance, the Group’s reputation and the achievement of compliance objectives.

The anti‑corruption policy is the main document that regulates anti‑corruption measures taken by public joint stock companies. The Group plans to out an anti‑corruption policy in place.

Compliance with the principles and requirements of the policy, as well as compliance with the requirements of applicable anti‑corruption laws and regulations of the Russian Federation shall be mandatory for all employees equally. The policy shall also apply to counterparties and others who may act on behalf of the Company.

Main anti‑corruption principles of Rusagro that are to be included in the Anti‑Corruption Policy


Rejection of corruption in all its forms and manifestations

Anti‑corruption mechanisms that are systematic, risk‑proportionate and effective

Alignment of the Company’s Anti‑corruption Policy with applicable law and generally accepted standards

Personal example set by senior Company executives

Business transparency

Due diligence

Employee engagement

Responsibility and the inevitability of punishment

Continuous oversight and regular monitoring

Anti‑corruption results in 2024

The Group has the Security Service and the Internal Audit Service (IAS), which are responsible for monitoring, preventing attempted fraud and reporting on anti‑corruption activities to the Group’s governing bodies. According to internal documents, staff members of the above services, along with any other staff members, are required to notify the Group CEO of any fraud or corruption attempts that are discovered. An annual corruption risk assessment is carried out across all Rusagro divisions.

The Board of Directors is provided with anti‑corruption reports, as well as reports on rolled‑out anti‑corruption measures and the effectiveness of the anti‑fraud and anti‑corruption system.

Employee training arrangements

Training programmes
Training sessions are constantly given to employees, especially for those who have recently joined Rusagro. Training topics include familiarisation with anti‑corruption policies, training on how to identify corruption risks and what to do if they are detected.
Online courses
Employees take anti‑corruption courses on a distance learning platform.

Anti‑corruption projects

Counterparty
verification system

A system of counterpart integrity checks is in place to reduce the risk of entering into contracts with unreliable organisations.

New corruption
reporting channels

New ways of anti‑corruption communication, including anonymous chatbots, were put in place for the convenience of employees and partners.

Company-wide
hotline

A single hotline is in place where an interested party can report an existing, suspected or planned fraud or corruption offence.

For more details, see the Company-Wide Hotline section