sustainable development: role of the russian business - UNDP Russia

| SECTION 2. LABOR RELATIONS |addressing these problems, the Bank developed a project on the recreationfor the Bank’s employees and their families at a holiday centrein the Astrakhan Region. The centre is located in the region witha well developed infrastructure, unique historical sites, water andnatural resources, as well as fishing and hunting opportunities. Theproject aims to maintain and improve health, reduce the infectionrate and provide employees and their families with the conditionsnecessary to restore their labour capacity and enhance productive efficiency.The Bank pays 100% of the employees’ accommodation and80% of that of their families. Besides, the Bank partly compensatesemployees for their travel expenses. It is worth noting that the Bankintends to implement a number of various long-term recreation andrehabilitation projects for its employees and their families, which is aconsiderable part of the employee social package.Regular sport events organized by the Bank also play an importantrole in promotion of a healthy lifestyle among employees andtheir families. The XXI Century Partners event dating back to 2002 isthe oldest one. It is a summer sport festival that includes a varietyof sport and recreational contests for adults and children. Such sportevents help foster family values, strengthen bonds between generations,arrange leisure time activities of employees and their relatives,as well as promote a healthy lifestyle and support renowned families’traditions.RESULTS• 76 female employees participated in the obstetric programmebetween 2009 and 2013;• by June 2013 voluntary medical insurance was provided for163 employees’ children from 0 to 3 years of age;• since 2005 over 15 sport events were organized for about 20thousand people – employees and their family members - cumulatively.COMPANY OVERVIEWVnesheconombank was established in 2007 by transforming Vnesheconombank of the USSR – oneof the oldest institutions in the Russian banking system. The Bank’s objective is to give an extracompetitive edge to the Russian economy, promote its diversification and stimulate investmentprocesses. Vnesheconombank is a national development bank. It serves as an instrument to implementgovernment economic policies on:• removing infrastructure constraints to economic growth;• increasing efficiency of the natural resources utilization;• developing hi-tech industries;• unlocking innovation and production potential of small and medium enterprises; and• promoting national exports.www.veb.ru/en/3031