NOVATEK Awarded for Best Sustainability Disclosure
Moscow, 28 October 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) has become the winner in the Best Sustainability Disclosure category at the anniversary 25th edition of the Moscow Exchange Annual Report Competition.
Moscow Exchange has held its Annual Report Competition since 1997. It is one of the most prominent events of the year in corporate governance and investor relations and serves as a venue for creating standards of representing a company's business and development strategy for its shareholders, as well as identifying recent trends and best practices of disclosure. The competition brings together representatives of the stock market, professional associations, public organizations and regulatory authorities as well as experts on corporate governance and communications.
Since its foundation, NOVATEK has been committed to conducting business responsibly and following high standards of disclosure and transparency, which has earned the company the reputation of a reliable business partner, employer, and responsible public company. Recognition of the quality of sustainability disclosure indicates a high level of stakeholder confidence and will further enhance Company’s business reputation.
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.