FTSE4Good Index Reconfirms NOVATEK
Moscow, 12 July 2021. PAO NOVATEK (“NOVATEK” and/or the “Company”) today announced that the FTSE Russell rating agency reconfirms that NOVATEK remains a constituent of the FTSE4Good Index following their June 2021 review for the fifth consecutive year. NOVATEK’s overall ESG rating of 3.7 with the highest scores on Corporate Governance and Anti-Corruption themes is ahead of the majority global oil and gas industry ICB subsector peers ratings.
The FTSE4Good Index Series, one of the world’s first global and well-recognized ESG index families, is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance practices.
“NOVATEK’s shared core values with society, strong focus on corporate governance and transparency, as well as our commitment to minimizing our environmental footprint and mitigating carbon emissions defines the Company’s investment case and underscores our commitment to the basic principles of ESG,” noted Mark Gyetvay, Deputy Chairman of the Management Board. “Sustainability is an important part of our underlying core business philosophy and an integral part of our corporate strategy. We will continue to expand our non-financial disclosures and engage constructively on these ESG topics with our stakeholders, our employees and the communities where we operate”.
PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.