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Rosneft published 2019 Sustainable Development Report

Rosneft published 2019 Sustainable Development Report

Moscow, August 3 - Neftegaz.RU. The Report is prepared in compliance with international sustainable development reporting standards of the Global Reporting Initiative (GRI Standards), which secured comprehensive information disclosure about economic, environmental and social aspects of Rosneft activities with regard to the oil & gas industry specifics and interests of the concerned parties.

One of the Rosneft strategic objectives is to be one of the leading international companies in terms of greenhouse gases unit emissions. The company joined the global industry initiative “Guidelines for methane emissions reduction in the natural gas production and sales chain”.

Rosneft established cross-functional Carbon Management Subcommittee to coordinate the company activities in this area. Today results of work in this area are already visible: in 2019 the company reduced fugitive methane emissions in oil and gas production by more than 70%.

The Company also actively implements own innovative emission reduction technologies. As part of Gas Investment Program in 2019 the average APG utilization indicators at the company brownfields reached 93.8 %.

Rosneft is focused on the company personnel investments. In 2019 Rosneft became the best Russian Company in the international CHRB (Corporate Human Rights Benchmark) rating for the human rights observance. The company rating grew by 11 percentage points – it is one of the highest growth indicators among international production companies.

The company allots priority importance to support original ethnic cultures of the native population, their traditional way of life and activities and to provide qualitative education and medical services for the native people.

As a leader of the oil & gas industry, Rosneft is committed to 17 UN Sustainable Development goals and main principles of UN Global Charter, which play a key role in the resolution of the most important global sustainable development problems, such as human rights observance, corruption prevention as well as reduction of global warming pace, climate change implications and ecosystem pressure.

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