OREANDA-NEWS. December 14, 2007. OJSC Territorial Generating Company (OJSC TGC-2) has been awarded with a memorable badge for making its debut in a Social Report Contest, the company's press service reported. For the first time the Company presented its Social Report on the Russian "Best Social Report/Best Sustainable Development Report" contest. Apart from TGC-2 other Russian and international candidates have taken part in the competition together with 7 companies, which are or were the part of RAO UES of Russia Holding.

The award was set up in 2006 within the framework of European Sustainability Reporting Awards (ESRA) serving as incentive for Russian companies to present most thorough social reports. The criteria established by the ESRA moderators have laid the basis for the assessment of the candidates in a given contest.

In 2007, the high rank of the Russian Awards was provided for not only by participation of the leading Russian companies, but also by the Economic Policy, Business, and Property Committee of the Council of Federation supervising the event. Comoderators of the Russian Awards included the official auditor of the assessment process -PricewaterhouseCoopers, Expert Rating Agency, The Institute of Professional Accountants (IPA) and the State University - Higher School of Economics (HSE).

TGC-2 Deputy Director General for Development and Corporate Governance Valery Ermakov noted that working on the Social Report and participation in such event had become a valuable experience for the Company. According to Mr. Ermakov TGC-2 is determined to continue improving management process and increasing its Information Transparency.