Press Release

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.​

14/07/2022 - LUKOIL RELEASES 2021 SUSTAINABILITY REPORT

PJSC LUKOIL Board of Directors approved Sustainability Report for 2021. The document was prepared in line with the international and industry reporting standards, such as GRI, SASB, UNCTAD and IPIECA, as well as the Bank of Russia's recommendations on disclosing information related to ESG factors and sustainable development​

19/11/2021 - LUKOIL STEPS UP IN TPI CLIMATE RATING

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).​

11/10/2021 - STAVROLEN PLANT STARTS USING SOLAR ENERGY

​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.​

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