LUKOIL Becomes Leader of ESG-Indices
PJSC LUKOIL became one of the leaders of ESG-indices of Russian Union of Industrialists and Entrepreneurs (RSPP): Responsibility and Transparency and Sustainability Vector. The 2022 index participant list was compiled on the basis of RAEX-600 Top 100 rating of the largest Russian companies and the Moscow Exchange Index companies list. …
Rosneft: Operating Results For 4Q 2021 and 12 months of 2021
ESG In December 2021, the Company’s Board of Directors approved a new strategy ‘Rosneft-2030: Reliable Energy and Global Energy Transition’ targeting reduction of greenhouse gas emissions along with further improvement of the Company’s operational and financial efficiency of. As part of the new strategy, Rosneft sets a ‘Net Zero’ target …
Parker Wellbore: Sets Six-Point Plan to Achieve New Environmental, Social, and Governance Goals
Leading international oilfield services company Parker Wellbore today launched its six-point plan to ensure the organization plays a leading role in tackling climate change challenges for its customers. The program for success is outlined in the company’s inaugural Environmental Social Governance (ESG) report, which addresses the organization’s commitment to key environmental, social, …
TMK teams up with Gazpromneft-Development to Build a Responsible Supply Chain
TMK held a meeting with Gazpromneft-Development and Gazpromneft-Snabzhenie to discuss cooperation on ESG (environmental, social and governance) matters. At the meeting, the parties agreed to actively promote responsible sourcing practices and develop ESG guidelines for suppliers. In the long term, they will adopt a strategy for developing market suppliers that …
TMK: Teams Up with Gazpromneft-Development to Build a Responsible Supply Chain
TMK held a meeting with Gazpromneft-Development and Gazpromneft-Snabzhenie to discuss cooperation on ESG (environmental, social and governance) matters. At the meeting, the parties agreed to actively promote responsible sourcing practices and develop ESG guidelines for suppliers. In the long term, they will adopt a strategy for developing market suppliers that …
TMK: Compliance with ESG Principles a Condition for Maintaining Leadership
Pipe Metallurgical Company (TMK) consistently adheres to the principles of ESG – it implements environmentally friendly technologies, develops personnel and meets high standards of corporate governance – and considers these priorities to be a condition for maintaining leadership in the market. This was stated by Igor Pyshmintsev, Director for Research at …
Monitoring Leaks at Oil and Gas Facilities Using Satellites in Support of ESG Initiatives
The number of investment funds that incorporate Environmental, Social, and Governance (ESG) factors has been growing rapidly in the last twenty years. The ESG factors are a subset of non-financial performance indicators that include ethical, sustainable, and corporate governance issues. ESG is now a generic term used in capital markets …
Rosneft Improves ESG Indicators
Ensuring the sustainability of its production activities, Rosneft works continuously to minimise its impact on the environment in order to preserve it for the benefit of current and future generations. The Company is a member of the UN Global Compact, thus confirming its commitment to the highest principles of sustainable …
Rosneft: Production Results Per Q1 2021
Sustainable Development (ESG): In February 2021, Rosneft and bp signed a Strategic Cooperation Agreement, which aims to support the activities of both companies in the field of carbon management and sustainable development. The companies agreed to jointly develop new low-carbon approaches and programs, as well as work to identify potential opportunities …