Rosneft became the sole Russian oil and gas service announced as Global Compact LEAD within the area of sustainable development

Rosneft became the sole Russian oil and gas service announced as Global Compact LEAD within the area of sustainable development

Rosneft became the sole Russian oil and gas service announced as Global Compact LEAD within the area of sustainable development thanks to ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business. The announcement of Rosneft Global Compact LEAD happened within the framework of the 76th session of the overall Assembly of the United Nations .

Rosneft was identified as being among the foremost highly-engaged participants of the world’s largest corporate sustainability initiative. In 2021, only 37 companies, out of which four companies belong to the oil and gas business, were assigned the worldwide Compact LEAD status.

Sanda Ojiambo, CEO and executive of the UN Global Compact, said, “LEAD companies represent the very best level of engagement with the UN Global Compact. quite ever before, the planet needs businesses of all sizes — just like the ones announced as LEAD today — that continuously work to enhance their sustainability performance and take action to create a far better world.”

“Recognition as a worldwide Compact LEAD participant confirms Rosneft’s reputation of a corporation with high standards of corporate responsibility, and a superior asset portfolio that ensures sustainable economic development with a minimal environmental footprint,” – said Igor Sechin, Rosneft Chief military officer . Mr Sechin reminded that Rosneft was the primary Russian company that publicly confirmed its commitment to the 17 Sustainable Development Goals of the United Nations , and integrated them into the company strategy.

Mr Sechin noted that Rosneft is that the largest taxpayer of the Russia , and plays a strategically important systemic role within the Russian energy industry and economy on the entire , accounting for about four percent of Russia’s gross domestic product. For over ten years, Rosneft has been sharing the sustainable development principles of the United Nations Global Compact, and, through its operations, promoting development of the worldwide economy supported the principles of equity, equality, and effective climate action.

Rosneft has demonstrated its commitment to the UN Global Compact this year by participating in Action Platforms on Sustainable Finance and Sustainable Ocean Business. Each UN Global Compact Action Platform convenes business, Global Compact Local Networks, leading experts, civil society, Governments and UN partners to unravel complex and interconnected issues and innovate round the Sustainable Development Goals.

Rosneft’s Communication on Progress (CoP) at the advanced level and other related information is out there in its Participant profile on the UN Global Compact website https://www.unglobalcompact.org/what-is-gc/participants/11003-Rosneft-Oil-Company

About Rosneft

To be eligible for LEAD, a corporation must:

Be a participant in a minimum of two UN Global Compact Action Platforms to demonstrate its engagement with the UN Global Compact and commitment to defining and fostering leadership practices in line with the Ten Principles and therefore the Global Goals.
Submit or plan to submitting a complicated Communication on Progress — an annual sustainability report detailing progress on implementing the Ten Principles.
Rosneft company is that the leader of the Russian refining industry and therefore the world’s largest public energy company in terms of hydrocarbon production. the corporate accounts for six of worldwide boring . the corporate operates in 23 countries and 78 Russian regions. Rosneft owns 13 refineries in Russia, also as stakes in 6 refineries abroad, and operates the most important Russian retail network of three ,057 retail sites and over 6 thousand retail sites abroad.

Rosneft’s ability to make sure stable supplies to international energy markets, in sufficient quantities and at affordable prices, is critical for global energy security and for meeting the 17 UN Sustainable Development Goals.

In 2018, the Company’s Board of Directors approved Rosneft strategy on compliance with the 17 UN Sustainable Development Goals. Following the worldwide practices, the corporate has determined five goals of strategic priority, which are directly supported by its core operations: healthiness and Well-Being; Affordable and Clean Energy; Decent Work and Economic Growth; Climate Action; and Partnerships for the Goals. However, given its pivotal role within the energy sector and therefore the scale of its activities, the corporate also contributes to the achievement of the remaining 12 goals of the UN.

Preserving the environment for future generations is an integral a part of Rosneft corporate culture and business principles. the corporate aims at becoming the leading performer in minimizing the environmental footprint of its operations and in sustainability of its production facilities. In 2018–2022, our “green” investments will total RUB 300 bln.