The Formula for Good Deeds became one of the prize winners at the People Investor contest

7 december 2022

The Formula for Good Deeds social investment program came in third at People Investor: Companies Investing in People, the 15th All-Russian contest of corporate projects, in the Local Community Development category.

The jury commended SIBUR's comprehensive approach to systemic improvement of the quality of life in the cities where the company has a presence, as well as its process for interacting with the stakeholders and getting them involved in effecting positive change.
The Formula for Good Deeds program was launched in 2016. It currently covers seven focus areas in the social field and has been used as a vehicle for organizing some 6,000 events and implementing 160 projects, and for supporting more than 900 social initiatives.

Over the six years that we have been running our program, we have been able to achieve really meaningful and spectacular results. We started out with just 15 cities, and now our program covers 23 regions with over 290,000 people who have taken part in our projects. The Formula for Good Deeds has become an indispensable contributor to the development of the cities where the company's enterprises are operating. Such a result could only be made possible thanks to the joint efforts of all participants, including our own employees, partners, participants of our grant and volunteering projects, as well as local citizens, and all those who are ready for action and prepared to change life in their towns and cities for the better, Elena Snezhko, Head of Formula for Good Deeds Program, noted.

The People Investor project has been around since 2008. Over the years, the project has helped build a whole community of representatives of Russia’s business communities who view their intangible assets, including their staff, expertise, reliable partnerships, and social reputation, as the key factors of their companies' success. The project's mission is to identify and replicate the best practices and innovative experience of running socially responsible businesses as a means of improving the transparency and competitiveness of Russian companies.