Rosneft publishes sustainability report for 2018

Moscow, July 5 - Neftegaz.RU. Rosneft published Sustainability Report following the results of 2018. The report contains a number of topics related to industrial safety, health and environment, climate change, corporate governance and risk management, digital transformation, innovations, HR development and social security, as well as social and economic development.

In its operations Rosneft prioritizes actions to combat climate change and reduce greenhouse gas emissions with significant part of the 2018 Sustainable Development Report dedicated to these matters.

Rosneft reduced methane emissions by 46% in 2018 compared to previous year. This result was achieved thanks to the technology of reducing the volume of gas dispersion during gas-lift production.

In addition, the Company has achieved an 11% reduction in greenhouse gas emissions in Refining, Petrochemicals and Product Sales through implementation of measures to increase energy efficiency including a switch of fixed combustion sources to a greener fuel.

Amongst the Company's 2018 achievements the Report specifically mentions the completion of major water treatment projects in Bashneft-Ufaneftekhim and Novokuibyshevsk refineries, increase of associated petroleum gas utilization volumes, improvement of energy efficiency, production of new environmentally friendly fuels, opening a chain of gas fuel stations, reducing per unit pipeline failures, and construction of socially important facilities.

Over the past year, the Company allocated over RUB 9 billion to finance the social sphere of the Russian regions. The Rosneft-2022 Strategy includes social initiatives that cover healthcare and support for retired employees.