MIL-OSI Russia: Rosneft confirms its leadership in sustainable development

Translartion. Region: Russians Fedetion –

Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

Rosneft has been recognized as the best company in the oil and gas sector included in the calculation base of the Moscow Exchange-RAEX ESG Balanced Index based on the results of 2024.

The index was launched in 2023. It is formed once a year and consists of 15 companies with the highest values in the field of sustainable development from the RAEX rating agency. The index is calculated based on the RAEX ESG ranking, which, based on the results of 2024, included a total of 144 companies from Russia, Kazakhstan and Mongolia, 18 of which represent the oil and gas industry.

The basis of Rosneft’s strategy is to build a business that takes into account the highest requirements in the field of industrial safety and environmental protection. Since 2007, the company has been publishing an annual Sustainable Development Report in accordance with the international standards of the Global Reporting Initiative (GRI).

Over the past five years, Rosneft has allocated more than 440 billion rubles for environmental protection, of which over 270 billion rubles were “green” investments and about 170 billion rubles were expenses for wastewater treatment, land reclamation and other environmental work. This allowed achieving impressive results in improving the environmental friendliness of the business: emissions into the atmosphere were reduced by 25%, discharges into water bodies were reduced by 10%, and the area of disturbed land was reduced by 14%. As part of the corporate program, more than 800 hectares of contaminated “historical heritage” lands were reclaimed.

Rosneft develops and implements its own modern technologies, including in the field of atmospheric air quality control. Thus, specialists of the Company’s laboratory have developed new methods of atmospheric air control, which have been certified and entered into the Federal Information Fund for Ensuring the Uniformity of Measurements. Their implementation has increased the efficiency of atmospheric air control at a number of enterprises by 35%.

In 2024, RAEX highly praised the Company’s activities in managing ESG risks and opportunities: Rosneft became the only Russian oil and gas company with a high ESG rating of AA, while the management component rating received the highest rating of AAA. This once again confirmed the Company’s leading position in the field of sustainable development, as well as the high quality of information disclosure. In addition, the corporate development agency “Da-Strategy” awarded Rosneft, the only Russian oil and gas company, the highest level rating of A “Leader of Corporate ESG Practice in the Russian Federation”.

Reference:

In December 2018, Rosneft became the first Russian company to publicly confirm its commitment to the 17 UN Sustainable Development Goals and integrate them into its corporate strategy.

Department of Information and Advertising of PJSC NK Rosneft January 31, 2025

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