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Sustainable Development

Sustainability report

Sustainability report
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Our Sustainability Report highlights the climate change topic and the Company’s efforts to manage climate related risks. NOVATEK recognizes the need for climate change risks strategy, energy-efficient technology, responsible greenhouse gas emissions management, and minimal environmental impact of its operations in the context of climate change.

We have been publishing our Sustainability Reports for 13 years, and each year we strive to improve the quality and quantity of information disclosed in line with generally accepted GRI Standards. Our annual Sustainability Report is the main informational source highlighting the Company’s ESG principles and practices and one of the key channels of stakeholder engagement.

Environmental and Climate Change Targets

On 25 August 2020, the Board of Directors of PAO NOVATEK approved the following environmental and climate change targets for the period up to 2030:
 
 
2019
 
 
Reduce methane emissions per unit of production in the Production, Processing and LNG segments by 4%
10,44
tons / mmboe
- 4%
Reduce air pollutant emissions per unit of production by 20%
0,128
tons / mboe
- 20%
Reduce greenhouse gas emissions per unit of production in the Upstream segment by 6%
12,58
tons of CO2 equivalent per 1 mboe
- 6%
Reduce greenhouse gas emissions per ton of LNG produced by 5%
0,263
tons of CO2 equivalent per ton of LNG
- 5%
Increase the associated petroleum gas utilization rate to 99%
95%
legal requirement in Russia
to 99%
Increase the share of waste directed to utilization and disposal to 90%
75%
 
to 90%
SUSTAINABLE DEVELOPMENT GOALS
 
No poverty
 
Good health and well-being
 
Quality education
 
Clean water and sanitation
 
Affordable and clean energy
 
Decent work and economic growth
 
Industry, innovation and infrastructure
 
Reduced inequalities
 
Sustainable cities and communities
 
Responsible consumption and production
 
Climate action
 
Life below water
 
Life on land
 
Partnership for the goals