• We are proud that NIS is the first company in Serbia to have integrated sustainable development principles into its business model.

    Kirill Tyurdenev
    General Director NIS j.s.c. Novi Sad

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Responsibility towards the community

Nearly RSD 380 million have
been invested in community
development through five programmes during 2016.

The development of the communities where the Company does business is one of NIS’s strategic objectives, which was maintained in spite of the many challenges on the global oil market in 2016. The Company’s desire is to be a reliable partner of organisations and individuals in those regions.

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Environmental protection

RSD million invested in environmental projects in 2016

Despite the ongoing crisis in the oil industry, allocation of funds for implementing environmental projects continued. In 2016, around RSD 150 million were invested in these projects, whereas investments in green technologies amounted to about RSD 250 million.

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Human recources

Over RSD 290 million was invested in the employee development and in cooperation with educational and professional institutions.

Total of 2,046 trainings were held in cooperation with external providers, with 6,647 participants, along with a significant number of in-house trainings.

High standards in human resource management is an imperative and in 2016, NIS generated verifiable results.

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Economic development

RSD million for capital investments in 2016.

At a time of major turbulence on world oil markets, the entire industry is operating in an environment of uncertainty and low oil prices. NIS has so far successfully responded to the challenges of the business environment maintaining a satisfactory level of profitability while preserving the basic strategic direction of development. It plans to improve its operations in the future and use different measures to adapt to changing circumstances in the oil business while maximising returns for shareholders.

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