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Lukoil entered top 5 in environmental opennes rating among Eurasian O&G companies

Lukoil entered top 5 in environmental opennes rating among Eurasian O&G companies

Moscow, April 8 - Neftegaz.RU. LUKOIL has entered the top 5 in the environmental openness rating among Eurasian oil & gas companies held following the results of 2019. The Russian WWF and the CREON analytical group assessed the potential environmental impact and information openness of the rating participants.

The rating includes 20 Russian companies (with oil and gas condensate production volume exceeding 1.5 million tons), 14 companies from Kazakhstan, and 2 companies from Azerbaijan.

Oil & gas companies were evaluated on 3 main criteria: environmental management quality in the company, environmental impact and environmental friendliness level, as well as readiness to disclose information on the environmental impact during production activities.

LUKOIL was one of the first Russian companies to adopt the Industrial Safety, Labor and Environment Protection Policy. The Group's organizations also have the 2018-2020 Environmental Safety Program that includes over 900 environmental measures.

The company shows positive dynamics in terms of APG utilization, air emissions reduction, and efficient use of water resources. The company publishes its Sustainability Report annually and demonstrates maximum openness during its interaction with civil society, local communities, and indigenous peoples when discussing future and existing projects.

To read the news in Russian.