About the report

Report boundaries, frequency, and reporting period

This Sustainable Development Report 2024 (the “report”) draws on information available to Open Joint Stock Company Russian Railways (“Russian Railways”, the Company) and its subsidiaries as at the issue date. The report contains an overview of activities and performance results of Russian Railways for 2024 and major trends that may affect the Company’s future performanceGiven the specific nature of certain indicator calculations or other considerations, some data reflect the Group as a whole. Where this occurs, the Report text clearly identifies which indicators apply to the Group. The Russian Railways Group means Open Joint Stock Company Russian Railways and its controlled entities.. The report highlights the Company’s contribution to the country’s economic development, well‑being of our employees and the general population, combating climate change and protecting the environment.

The Russian Railways Sustainable Development Report 2024 is the nineteenth annual report on the Company’s sustainable development activities (pre‑2014 – corporate social responsibility reports).

The reporting period is from 1 January 2024 to 31 December 2024. The previous report was published in August 2024.

The report was prepared under the supervision of the Russian Railways Environment and Technosphere Safety Department.

Focus of the report

Russian Railways is firmly committed to sustainable development. Care for people, environmental responsibility, and economic development are all our major priorities.

We designated 2024 as the Year of Railway Traditions, establishing seven key railway traditions:

• preserve continuity and respect achievements;
• pass on knowledge and experience;
• help others;
• compete and win;
• strengthen cultural, moral and ethical values;
• support families of our employees;
• care for health.

Our 2024 report slogan is “Traditions Shaping Sustainable Development”.

These traditions help our employees tackle professional challenges, share knowledge and experience, and recognise each person’s contribution to our collective success. They unite all Company employees, their families, and industry veterans, creating a sense of belonging to a unique community. Since these traditions have evolved through different generations’ efforts over decades, we understand how vital it is to preserve and develop them.

One of the year’s defining moments was celebrating the 50th anniversary of the Baikal–Amur Mainline (BAM), which continues playing a crucial role in our country’s development. The Mainline serves as a key link ensuring transport connectivity between the Far East and Siberia, supporting natural resource development and industrial growth, and strengthening international trade relations. During the reporting year, we organised celebratory events while implementing important construction projects. This report tells BAM’s story, exploring its environmental, social, and governance dimensions.

Standards and recommendations

The report has been prepared with reference to the GRI Standards 2021 and in accordance with the disclosure requirements of the Sustainability Accounting Standards Board (SASB) for the railway industry.

It also discloses the Company’s contribution towards Russia’s national goals and the UN Sustainable Development Goals (the “SDGs”).

The report aligns with the Recommendations on Disclosure by Public Joint‑Stock Companies of Non‑Financial Information Pertaining to Their Activities (Annex to Information Letter of the Bank of Russia No. IN‑06‑28/49 dated 12 July 2021); Recommendations for the Board of Directors (Supervisory Board) of a Public Joint‑Stock Company to Consider ESG Factors and Sustainable Development Issues (Information Letter of the Bank of Russia No. IN‑06‑28/96 dated 16 December 2021); Guidelines for Sustainability Reporting No. 764 dated 1 November 2023, as well Moscow Exchange’s Guide for Issuers.

Material topics

The Company determined the report content using the applicable standards and guidelines in collaboration with its stakeholders. The procedure for determining material topics and the relevant list of material topics are set out in the Material Topics annex.

The report describes a general management approach to sustainable development (Sustainable Development Management section). Management approaches in key sustainability areas are presented in the respective subsections. The Managerial Aspect section gives an overview of general corporate governance matters.