NIS is the leader of sustainable development in Serbia

In the pleasant atmosphere of the Museum of Modern Art "Macura" in Stari Banovci, NIS presented the Sustainable Development Report for 2017, the eighth report in a row since the start of reporting in 2010. The company has shown in this way as well that business results are very important, but that the concern for people and the environment is equally important, and that NIS will remain committed to such an approach in the future.

In the pleasant atmosphere of the Museum of Modern Art “Macura” in Stari Banovci, NIS presented the Sustainable Development Report for 2017

Aleksandar Antić, Minister of Mining and Energy of Serbia, business associates of the company, representatives of the expert public and the media, as well as the representatives of trade unions and top management of NIS attended the presentation of the Sustainable Development Report.

A panel discussion “Sustainability of Innovation” was held on that occasion, and besides Kirill Tyurdenev, CEO of NIS, it was attended by, Miroslav Lutovac, Director of the Industry Sector of the Serbian Chamber of Commerce, Olivera Andrijašević from the audit firm “Ernst & Young” and Filip Ilić, NIS scholarship holder, who was employed by the company after completing his studies.

Kirill Tyurdenev, CEO of NIS

Kirill Tyurdenev, CEO of NIS, said that the principles of sustainable development were already embedded in every process in the company.

“More than anything else, the basis of sustainable development is the care of people, in every possible way – from looking at the equality of the sexes as an opportunity to the creation of conditions for a dignified life and work. The most important thing is the care of the health and life of every employee. One of the most important pillars of sustainable development for NIS is the investment in people. Since 2009, NIS has invested more than 3 billion dinars in socially responsible projects, including more than 600 million dinars in education and science projects alone. For NIS, investing in youth and knowledge is an investment that is always worthwhile, because it is about talented and young people who are motivated and focused on change, development and innovation and who contribute to modernization, which is the key to preserving the company’s competitiveness and sustainability, “said Tyurdenev.

Aleksandar Antic, Minister of Mining and Energy of Serbia

Aleksandar Antic, Minister of Mining and Energy of Serbia, spoke about the importance of doing business in accordance with the principles of sustainable development.

“We often tend to lose from our focus the fact that this planet is the only habitat we have and the only future for our children. That is why I am proud of the fact that NIS, as probably our richest company, is the leader in the field and that it sets the goals that are essentially important and the future of all of us, including the future of the company, depends on them. For this reason, the Government of Serbia pays special attention to the goals of the United Nations regarding the sustainable development and deeply recognizes it as an economic, social and environmental dimension that needs to be revived in various fields – from sustainable energy to investment in human resources, ” Antić said.

Miroslav Lutovac, Director of the Industry Sector of the Serbian Chamber of Commerce, said that it is of particular importance that NIS, as one of the largest companies in Serbia, operates in accordance with the principles of sustainable development.

“NIS has become a role model based primarily on its business results, but also based on those other, more important results in recent times. They have achieved this by strategic commitment and, generally, behind the term sustainable development – I see their desire to be present and to last for a long time. Given its potential, NIS is a company which serves as a role model for a lot of other companies that operate on the territory of our country, “said Lutovac.

Olivera Andrijašević from the audit firm “Ernst & Young” spoke about the domestic and international practice related to reporting on sustainable development and stressed the importance of verification of data presented by companies in their reports.

“We, as a company, are very proud of being NIS’s partners in this field, for the third year now since 2015. NIS as such may not lose its position as a pioneer in reporting on sustainable development. When you are said to be the first in something, and especially if a process is concerned, you may not compete with someone who first started that process, so NIS will historically always be and remain the first company in Serbia to recognize the importance of reporting,” said Olivera Andrijašević.

Filip Ilić emphasized the importance of investing in young people, as well as the fact that during his studies he signed an employment contract with NIS, which enabled him to fully devote himself to professional development.

“For me, investing in young people is actually a sustainable development. I signed a contract with NIS while I was studying and that allowed me to devote myself to learning and training, I did not have to worry about existential problems. Now that I am a part of the company, it is especially important to me that training and professional development never stops, but we have the opportunity to attend numerous trainings, visit scientific conferences, solve tasks that are of strategic interest to the company. What I have learned during these trainings is that the level of knowledge we carry with us is fully a match to the knowledge of colleagues from other foreign companies that are leaders in certain areas,” Ilić said.

The NIS’s Sustainable Development Report for 2017, which is in line with the standards of the world’s leading organization in the field of sustainable business Global Reporting Initiative (GRI), was verified by the independent audit firm “Ernst & Young”. The report focuses on the challenges in NIS’s business operations in 2017, as well as on the key issues related to business activities and socially responsible projects of the company.

Among other things, the Report states that in 2017, NIS significantly improved its financial results, thus generating a net profit of 27 billion dinars, or 80 percent more than in 2016. In addition, NIS invested 26.5 billion dinars in the company development and thus remained one of the leading domestic investors. In accordance with the Development Strategy by 2025, NIS’s priority in the future period will be the introduction of modern equipment and innovative technologies, which will enable the company to retain its leading position in the regional energy market.

In addition, in 2017, NIS continued to implement numerous projects in the field of environmental protection and invested 479 million dinars in those purposes. Moreover, under the slogan “Future at Work”, NIS carries out socially responsible projects in which more than 370 million dinars were invested in 2017. The company’s priority in this area is to contribute to the social and economic development of the wider social community, with particular attention to improving education, in order to create the best possible conditions for the future development of young people in Serbia. Also, NIS has paid great attention to the professional development of employees, and in 2017 alone 196 million dinars were invested in their training.


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NIS is one of the largest vertically integrated energy companies in Southeast Europe. Its principal activities are exploration, production and refining, sales and distribution of a broad range of petroleum products, as well as the implementation of petrochemical and energy projects. Read more at




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