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Sustainable Development

Sustainability report

Sustainability report


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:
Reduce methane emissions per unit of production in the Production, Processing and LNG segments by 4%
tons / mmboe
- 4%
Reduce air pollutant emissions per unit of production by 20%
tons / mboe
- 20%
Reduce greenhouse gas emissions per unit of production in the Upstream segment by 6%
tons of CO2 equivalent per 1 mboe
- 6%
Reduce greenhouse gas emissions per ton of LNG produced by 5%
tons of CO2 equivalent per ton of LNG
- 5%
Increase the associated petroleum gas utilization rate to 99%
legal requirement in Russia
to 99%
Increase the share of waste directed to utilization and disposal to 90%
to 90%
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