LUKOIL STEPS UP IN CDP CLIMATE RATING
Monday, December 13, 2021
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.