Monday, December 13, 2021
<_a103a_updated style="display: none"> { 12/13/2021 5:45:50 PM }PJSC LUKOIL announces improvement of its position in the CDP (Carbon Disclosure Project) international climate scoring by one notch up to B-.
This improvement was enabled by the development of climate management system, including climate risks and opportunities management, setting a strategic goal on reducing GHG emissions, taking part in legislative initiatives, cooperation with industry unions and associations, as well as information disclosure regarding GHG emissions reduction projects implemented by LUKOIL.
The Company set a goal to reduce Scope 1 and Scope 2 emissions intensity by 20% by 2030 as compared to 2017 level. This reduction is equivalent to 10 million tons CO2-equivalent. LUKOIL shares the Net Zero by 2050 ambition and will strive achieving it in regards to controlled emissions.
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PJSC LUKOIL announces that the TPI (Transition Pathway Initiative) international climate rating has upgraded its assessment of the quality of the Company's carbon management system to level 3 (out of 4 possible).
LUKOIL continues its work to reduce controlled greenhouse gas emissions at its production facilities. The Company began supplying electricity to its Stavrolen petrochemical plant (Budennovsk, Stavropol region, Russia) from LUKOIL's own solar power plant (SPP) located at its Volgograd refinery. About 11 million kWh are expected to be supplied annually.
PJSC LUKOIL released its Sustainability Report for 2020 prepared in line with the international and industry standards, such as GRI, SASB, UNCTAD and IPIECA. For each area of ESG activities the report includes information about the Company's contribution into the achievement of the UN Sustainable Development Goals.
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OAO Lukoil published this content on 13 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2021 14:55:04 UTC.