Business ethics

As an international transportation group with a vast logistics network spanning multiple jurisdictions and counterparties, FESCO relies on an impeccable business reputation and high ethical standards as the bedrock of its long‑term sustainability and the trust of its customers, investors and partners.

GRI 3‑3, 2‑23, 2‑24, 2‑25

Anti‑corruption activities

GRI 205‑1, 205‑2, MED 42, SPBC 52

FESCO is committed to maintaining high ethical business standards, improving its corporate culture and adhering to best corporate governance practices. It complies with Russian legal requirements and applies a zero‑tolerance approach to all forms of corruption.

Its anti‑corruption framework is embedded at all levels of the Company.

Anti‑corruption governance structure

The Company’s Anti‑Corruption Policy sets out the principles and requirements for preventing corruption. Its provisions apply to all employees, including members of the Board of Directors, as well as persons acting on behalf of the Company.

Anti‑corruption principles

  • Legal compliance
  • Leadership by example
  • Employee involvement
  • Risk‑proportionate anti‑corruption procedures
  • Effectiveness of anti‑corruption procedures
  • Accountability and inevitable punishment
  • Business transparency
  • Continuous oversight and regular monitoring
Authorised body or role Anti‑corruption responsibilities
CEO
  • Sets strategic priorities for developing the anti‑corruption framework
  • Ensures the allocation of resources needed to implement anti‑corruption measures
  • Approves internal regulations governing anti‑corruption activities
Head of Security Department
  • Oversees and monitors the implementation of the Company’s Anti‑Corruption Policy
  • Provides coordination and maintenance support for the system for informing and advising employees on anti‑corruption matters
Security Department
  • Initiates the development and implementation of internal anti‑corruption regulations and procedures
  • Participates in identifying and assessing potential areas of corruption risk
  • Monitors legal and regulatory changes and keeps the Company’s internal regulations up to date
  • Coordinates communication between the Company’s departments, employees and counterparties on anti‑corruption activities
Internal Audit Department
  • Conducts scheduled and unscheduled audits, including by drawing on data from internal investigations to identify gaps in the internal control and risk management systems
  • Informs management of identified corruption vulnerabilities

Internal anti‑corruption regulations

  • FESCO Anti‑Corruption Policy
  • FESCO Group Corruption Risk Assessment Regulations
  • FESCO Group Reporting Regulations for Corruption Offences and Anti‑Corruption Activities (Including Conflict of Interest Identification and Resolution)
  • FESCO Group Hotline Message Handling Procedure
  • FESCO Group Regulations on Assisting Anti‑Corruption Inspections by Supervisory and Law Enforcement Bodies
  • Anti‑Corruption Regulations for Foreign Trade Organisations
  • Regulations on Monitoring Compliance of FESCO Group’s Internal Anti‑Corruption Regulations and Their Application with Anti‑Corruption Laws

Raising awareness

Raising employee awareness is key to preventing corruption and corporate fraud. All employees are briefed on FESCO’s anti‑corruption policies when they sign their employment contracts.

In December 2025, FESCO launched a mandatory online course on anti‑corruption laws for all employees to give them a clear understanding of ethical behaviour standards, legal requirements and internal rules. In its first month, 198 employees completed the course. Total online anti‑corruption training in 2025 came to approximately 100 hours.

All security staff take regular in‑person anti‑corruption training at dedicated educational institutions. Since 2024, they have completed over 800 hours of such training.

Partner requirements

FESCO has a zero‑tolerance policy towards corruption in all business relationships. The Company evaluates partners’ anti‑corruption commitment, including their internal policies and willingness to sign contracts with anti‑corruption clauses. FESCO Group does not tolerate any improper inducement of partners, so all decisions are made based solely on objective business criteria.

Anti‑corruption whistleblowing channels

GRI 2‑26

As part of its anti‑corruption efforts, FESCO has set up a dedicated email (5810@fesco.com) and a telephone hotline (+7 (985) 767 5810) for whistleblowing on corruption. Reports can also be submitted via Rosatom’s hotline (8 800 100 0707) or email (0707@rosatom.ru).

All reports are processed in line with legal requirements. In 2025, 11 reports of possible corruption were received at the Rosatom and FESCO hotlines. Security units investigated each report, with one case prepared for referral to law enforcement authorities.

Code of Ethics and Human Rights

GRI 2‑25, 406‑1, 408‑1, 409‑1, SPBC 56

FESCO Transportation Group regards respecting and protecting human rights as an integral part of sustainable development and corporate responsibility. The Group follows Russian laws and internationally recognised human rights and labour standards.

FESCO’s approach focuses on respecting human dignity, providing equal opportunity, prohibiting discrimination and ensuring a safe working environment. These principles apply to all employees of Group companies and are also taken into account when engaging with business partners, contractors, local communities and other stakeholders.

In 2025, FESCO Group put in place a systematic human rights governance framework:

  • The Human Rights Policy of FESCO and its Controlled Entities was approved, setting out the Group’s unified principles and approaches in this area.
  • The Employee Code of Ethics and Conduct was updated.
  • An Ethics and Human Rights Committee was established to review complaints and monitor compliance with ethical norms and standards in the field of human rights.
  • A human rights training course was developed and launched to raise employee awareness of the applicable principles, protection mechanisms and accountability. The training is mandatory for all employees. Launched in December 2025, the course was completed by 184 people within its first month.

FESCO’s key human rights principles:

  • Occupational health and safety as a core value guiding all decisions and activities
  • Voluntary work, no forced labour, transparent employment terms, timely pay
  • No child labour
  • Zero tolerance for violence or harassment (physical, psychological, verbal or other)
  • Equality, inclusivity and equal opportunity in hiring, development and remuneration
  • Decent work, fair pay and work‑life balance
  • Freedom of association and collective representation under applicable laws
  • Employee data protection and confidentiality
  • Responsible community engagement, respect for cultural and ethnic diversity, support for social and economic development of local communities

Channels for reporting human rights concerns

GRI 2-26

All reports are handled by the Ethics and Human Rights Committee under confidentiality, non-reprisal and non-discrimination principles. The review period is up to 30 calendar days, extendable in exceptional cases as per the established procedure.

Channel Stakeholders Description
Email feedback@fesco.com (subject: “Human Rights”) Employees, partners, other stakeholders Main channel for reporting human rights violations or risks, and for requesting advice
Anonymous boxes in FESCO offices (Moscow, Vladivostok) Employees Physical channel for anonymous reports. Boxes are in areas without video surveillance
FESCO