Management Approach

Companies in the oil and gas industry are exposed to risks associated with the operation of hazardous production facilities.

NOVATEK is responsible for the safety of Company and contractor employees and therefore strives to identify, analyze, and mitigate such risks in a timely manner through proactive management measures.

The Company has an integrated OHS management system, which is part of the IMS and covers 100% of employees and contractors across all of NOVATEK’s business units.

OHS issues are monitored both at the Company’s highest governance level and at the executive level.

NOVATEK operates in accordance with legal requirements and internal corporate standards, rules, and procedures governing OHS issues. The Company’s relevant principles are set out in the Occupational Health, Industrial and Fire Safety, and Environmental Policy.

The Company developed the Regulations on the Occupational Risk Management System at PAO NOVATEK (slated for implementation in 2025) to define the procedure for identifying and managing occupational risks specific to NOVATEK employees in line with applicable Russian occupational health laws.

For more details, see Section ‘Integrated Management System’.