PJSC Tatneft : TATNEFT Confirms the Company’s Commitment to Reach Carbon Neutrality

The Company has verified the reduction of greenhouse gas emissions amount resulting from the implementation of projects.

TATNEFT has set itself an ambitious goal of achieving carbon neutrality by 2050 with a consistent reduction of green greenhouse gas emission amounts.

As a result of the implementing the projects aimed at reducing emissions, the TATNEFT Group has reduced the greenhouse gas emissions by 132 thousand tonnes of CO2-eq., which has been confirmed by an accredited greenhouse gas verification body OOO MIP NES Profekspert. According to expert estimates, obtaining the carbon units for the projects will allow the Company producing 5 million barrels of carbon-neutral oil.

Reduction of direct and indirect emissions and the increase of the energy efficiency of crude oil production processes is achieved through the implementation of the Greenhouse Gas Emissions Reduction Program. The program includes projects to reduce flare combustion, energy saving, measures to reduce methane emissions, equipment upgrading and reconstruction of existing production facilities. The Company is continuously looking for new technological solutions aimed at reducing the Company's carbon footprint.

Reference Information

The accounting and reporting system for greenhouse gas emissions in the TATNEFT Group complies with the GreenhouseGas Protocol (GHGProtocol), ISO 14064 standard and recommendations and it is aimed at ensuring disclosure of information regarding climate aspects in accordance with the recommendations of the Task Force On Climate-Related Financial Disclosures (TCFD).

OOO MIP NES Profekspert is a greenhouse gas verification body accredited by the Federal Accreditation Service for compliance with the requirements of GOST R ISO 14065-2014. The accreditation record number in the register of accredited persons is No. RA.RU.150010.