About the Report
GRI 2-1, 2-2
The purpose of the Annual Report of Public Joint Stock Company Rosseti South for 2024 (hereinafter referred to as the Report, the Annual Report) is to inform stakeholders about the crucial events, production & financial and sustainable development performance results of the Company, as well as its impact on the economy and the environment.
The 2024 Report has been prepared in accordance with international and Russian standards and regulatory requirements, including:
- Federal Law No. 39-FZ ‘On Securities Market’ dated 22 April 1996
- Federal Law No. 208 dated 26 December 1995 (hereinafter referred to as the Federal Law ‘On Joint Stock Companies’)
- Bank of Russia’s Regulations No. 714-P dated 27 March 2020 ‘On Disclosure of Information by Issuers of Equity Securities’
- Recommendations on disclosure of non-financial information related to activities of public joint stock companies sent by Letter of the Bank of Russia No. IN-06-28/49 dated 12 July 2021
- Code of Corporate Governance approved by the Board of Directors of the Bank of Russia on 21 March 2014 and recommended for application by Letter of the Bank of Russia No. 06-52/2463 dated 10 April 2014 (herein-after referred to as Code of Corporate Governance of the Bank of Russia)
- Standards on sustainable development reporting such as GRI, etc.
Public Joint Stock Company Rosseti South may also be referred to herein as PJSC IDGC of the South (the previous name until 14 February 2022), PJSC Rosseti South, Rosseti South or the Company.
Theme of the Report – Energising the life
This Report focuses on the high degree of reliability that the Company maintains in supplying power to consumers, including through large-scale investments aimed at updating the power grid infrastructure and rolling out innovations.
Modern technology cannot advance without energy. The Company is driving this technology advancement, supplying energy to the region’s industrial sector and the country’s energy independence, while also introducing cutting-edge technologies into its internal processes.
Rosseti South plays a pivotal role in ensuring power supply to four southern regions of the Russian Federation. Despite all the difficulties and challenges of the reporting year, the Company demonstrates seamless operation, ensures reliable power supply to consumers, puts new facilities into operation, connects hospitals, schools, kindergartens to its power grids, while taking care of the well-being of every resident of the regions where it operates. In this way, our Company contributes to the implementation of national and regional projects, participating in the common cause together with the entire country. We recognise that the expertise and experience of our staff — who are always learning new skills — along with the implementation of cutting-edge technologies and careful planning are the cornerstones for successfully completing the duties assigned by the government and society. We are convinced that only through our continuous efforts to improve people’s quality of life and our responsibility to society we can maintain our leadership in the industry and ensure our success in the future.
Boundaries of the Report
This Report also presents certain important events in the Company’s activities that took place after the reporting date — in the period from 1 January 2025 to the preliminary approval of the Report by the Board of Directors.
This Annual Report has been prepared on the basis of information available to Rosseti South as of the date of the Report. The Annual Report provides an overview of the Company’s results for 2024, as well as the historical changes in indicators for
This Report contains information about the members of the Company’s management and control bodies, members of the Committees of the Board of Directors and the Corporate Secretary, as well as the amount of their personal remuneration, in full compliance with the requirements of Russian legislation on personal data.
Disclaimer
The Annual Report contains certain forward-looking statements regarding the Company’s business operations, financial and economic performance, plans, projects and expected results. The Report may also include estimates of trends in service/product prices, production and consumption volumes, costs, projected expenditures, development prospects and similar factors, as well as industry and market forecasts, start and end dates of individual projects of the Company.
The Company makes no promises or guarantees regarding the realisation of the results expressed in the forward-looking statements. Rosseti South disclaims any liability for any losses incurred by individuals or entities that bank on any forward-looking statements. In each individual case, these forward-looking statements are simply one of many scenarios that could occur and shall not be taken as the most likely one.