NOVATEK’s Board of Directors Established a Subcommittee on Climate and Alternative Energy

The Board of Directors of PAO NOVATEK established a “Subcommittee on Climate and Alternative Energy” within the Board’s Strategy Committee comprised of Dominique Marion (Chairman), Arnaud Le Foll, Robert Castaigne, Tatiana Mitrova, Alexander Natalenko and Viktor Orlov.

The Subcommittee will review various aspects of the Company’s business operations and develop recommendations for the Board on the Company’s strategy on climate and decarbonization issues, development of renewable energy sources and the potential production of low carbon fuels, including hydrogen. The dedicated Board Subcommittee will facilitate regular in-depth reviews of NOVATEK’s climate strategy implementation and submit timely proposals on climate mitigation and abatement for consideration by the Board of Directors.

As a major natural gas producer, the Company pays special attention to climate change mitigation and is guided by the UN Sustainable Development Goals and the tenets of the Paris Climate Agreement.  In August 2020, the Board approved the Company’s environmental and climate goals for the period up to 2030, with 2019 as the baseline year (full list is available at http://www.novatek.ru/en/development/targets/ ).