LUKOIL RECIEVES AWARD FOR EXCELLENCE IN NON-FINANCIAL REPORTING
Wednesday, May 26, 2021
LUKOIL is among the winners of the annual Russian Business Leaders: Dynamics, Responsibility, Sustainability contest, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP).
The jury noted the Company's achievements by awarding it a win in the Excellence in Sustainable Development Reporting category. LUKOIL has been among the pioneers of non-financial reporting in Russia, while constantly increasing the depth and quantity of disclosed information. LUKOIL prepares this document annually, following the guidelines of the GRI global reporting standard and taking into account the SASB, UNCTAD and IPIECA reporting systems as well. A list of essential topics is compiled with respect to stakeholders' inquiries and current industry trends. The sustainable development policy and quality of its non-financial reporting enabled LUKOIL to rank among the top 10 companies in the MOEX-RSPP Sustainability Indexes.
LUKOIL's wholly owned subsidiary LUKOIL-Permnefteorgsintez LLC is also among the winners of the contest. It received the award in the Achievements in Health and Safety Management category.
“Russian Business Leaders: Dynamics, Responsibility, Sustainability” contest encompasses the RSPP member companies. In 2020, it united over 240 companies from 35 Russian regions and various industries.