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Sustainable Development

Sustainability Report

Sustainability report
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NOVATEK’s Sustainability Report is the most comprehensive, core document describing the Company’s efforts to ensure sustainable development and disclosing information about the Company’s economic, social and environmental performance as well as its approaches to corporate governance and economic, social and environmental dimensions.

NOVATEK’s Sustainability Report is prepared in accordance with GRI Sustainability Reporting Standards as well as the Oil & Gas Exploration & Production Sustainability Accounting Standard of the Sustainability Accounting Standards Board (SASB). The report is also aligned with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) with detailed information on the Group’s approach to climate change and climate risk management.

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
2020
2030
Reduce methane emissions per unit of production in the Production, Processing and LNG segments by 4%, tons / mmboe
10.44
14.44
- 4%
Reduce air pollutant emissions per unit of production by 20%, tons / mboe
0.128
0.143
- 20%
Reduce greenhouse gas emissions per unit of production in the Upstream segment by 6%, tons of CO2 e / mboe
12.58
8.65
- 6%
Reduce greenhouse gas emissions per ton of LNG produced by 5%, tons of CO2 e / ton of LNG
0.263
0.244
- 5%
Increase the associated petroleum gas utilization rate to 99%
95%
96.2%
to 99%
Increase the share of waste directed to utilization and disposal to 90%
75%
69%
to 90%

UN Sustainable Development Goals

NOVATEK shares the global ambition to achieve the 17 UN Sustainable Development Goals by 2030 and, as part of the business community – a key potential contributor to the SDGs, we are committed to aligning and stepping up our sustainability efforts accordingly.

In 2019, NOVATEK selected five priority UN Sustainable Development Goals that the Company will do its best to achieve. Among them are following goals: SDG 3 Good health and well-being, SDG 4 Quality education, SDG 7 Affordable and clean energy, SDG 8 Decent work and economic growth, and SDG 13 Climate action. Fourteen UN SDGs are aligned with the main principles of NOVATEK’s Sustainable Development Strategy.

In 2020, we selected UN SDG targets and developed our own performance targets that will help achieve the maximum cumulative effect by 2030.

3.8. Achieve universal health coverage, including financial risk protection, access to quality essential healthcare services and access to safe, effective, quality and affordable essential medicines and vaccines for all 3.9. By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water and soil pollution and contamination
Provide voluntary medical insurance for employees By 2030, reduce air pollutant emissions per unit of production by 20%
Assist severely ill children in desperate need and children with disabilities in the regions where we operate in meeting their healthcare needs By 2030, increase the share of waste directed to utilization and disposal to 90%
4.1. By 2030, ensure that all girls and boys complete free, equitable and quality primary and secondary education leading to relevant and effective learning outcomes 4.3. By 2030, ensure equal access for all women and men to affordable and quality technical, vocational and tertiary education, including university
Support educational institutions and run youth educational programs in NOVATEK’s regions of operation Provide employees with quality education matching their jobs to help them be more effective in their roles
7.1. By 2030, ensure universal access to affordable, reliable and modern energy services 7.3. By 2030, double the global rate of improvement in energy efficiency
By 2030, increase LNG production from Company’s projects up to 70 mmtpa By 2025, use energy-efficient LNG production technologies to increase the availability of LNG and reduce greenhouse gas emissions
Expand the use of renewables at gas and condensate production facilities
By 2025, install LNG fueling stations along European Russia’s main traffic arteries
By 2025, supply LNG to consumers in areas remote from existing gas transmission infrastructure Continuously improve the energy efficiency of hydrocarbon production and processing
Provide consumers with reliable supplies of natural gas, and ramp up the production of hydrogen, methane-hydrogen mixtures, ammonia and other low-carbon fuels produced from natural gas
8.1. Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% gross domestic product growth per annum in the least developed countries 8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value 8.8. Protect labor rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment
Contribute to the economic and social development of the regions of operations through new jobs creation, better infrastructure, and programs aimed at improving living standards for local communities Provide decent work and equal pay for the work of equal value Deliver a 5% reduction in LTIFR among our employees every year
13.1. Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries
By 2030, reduce methane emissions per unit of production in the production, processing, and LNG segments by 4%
By 2030, reduce GHG emissions per unit of production in the upstream segment by 6%
By 2030, reduce GHG emissions per ton of LNG produced by 5% By 2030, increase APG utilization rate to 99%
By 2025, cut methane emissions from operations of LNG fueling stations by 20% Reduce the carbon footprint of our products sold internationally
3.8. Achieve universal health coverage, including financial risk protection, access to quality essential healthcare services and access to safe, effective, quality and affordable essential medicines and vaccines for all
Provide voluntary medical insurance for employees
Assist severely ill children in desperate need and children with disabilities in the regions where we operate in meeting their healthcare needs
3.9. By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water and soil pollution and contamination
By 2030, reduce air pollutant emissions per unit of production by 20%
By 2030, increase the share of waste directed to utilization and disposal to 90%
4.1. By 2030, ensure that all girls and boys complete free, equitable and quality primary and secondary education leading to relevant and effective learning outcomes
Support educational institutions and run youth educational programs in NOVATEK’s regions of operation
4.3. By 2030, ensure equal access for all women and men to affordable and quality technical, vocational and tertiary education, including university
Provide employees with quality education matching their jobs to help them be more effective in their roles
7.1. By 2030, ensure universal access to affordable, reliable and modern energy services
By 2030, increase LNG production from Company’s projects up to 70 mmtpa
Expand the use of renewables at gas and condensate production facilities
By 2025, install LNG fueling stations along European Russia’s main traffic arteries
By 2025, supply LNG to consumers in areas remote from existing gas transmission infrastructure
Provide consumers with reliable supplies of natural gas, and ramp up the production of hydrogen, methane-hydrogen mixtures, ammonia and other low-carbon fuels produced from natural gas
7.3. By 2030, double the global rate of improvement in energy efficiency
By 2025, use energy-efficient LNG production technologies to increase the availability of LNG and reduce greenhouse gas emissions
Continuously improve the energy efficiency of hydrocarbon production and processing
8.1. Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% gross domestic product growth per annum in the least developed countries
Contribute to the economic and social development of the regions of operations through new jobs creation, better infrastructure, and programs aimed at improving living standards for local communities
8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
Provide decent work and equal pay for the work of equal value
8.8. Protect labor rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment
Deliver a 5% reduction in LTIFR among our employees every year
13.1. Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries
By 2030, reduce methane emissions per unit of production in the production, processing, and LNG segments by 4%
By 2030, reduce GHG emissions per unit of production in the upstream segment by 6%
By 2030, reduce GHG emissions per ton of LNG produced by 5%
By 2030, increase APG utilization rate to 99%
By 2025, cut methane emissions from operations of LNG fueling stations by 20%
Reduce the carbon footprint of our products sold internationally