Of sustainable development


The Department of Industrial and Environmental Safety and Labor Protection was created

The LANGEPASURAICOGALYMNEFT oil company was founded (“LUKOIL”) and incorporated as LUKOIL Oil Company OJSC

Start of organized trading of the Company’s shares on the secondary market (Russian Commodity Exchange)


The first Environmental Safety Program was put into effect

LUKOIL’s first Energy Saving Program was adopted

The first APG utilization projects were implemented

LUKOIL’s single share gained blue-chip status, and LUKOIL bonds were listed on the London Stock Exchange


A zero-discharge principle was introduced for offshore projects

The HSE Policy of LUKOIL Group in the 21st Century was adopted


The Company Sea and River Terminals Safe Operation Concept was approved

An inventory of GHG emissions was conducted, implementation of Kyoto projects in progress

Committees of the Board of Directors were established

The first Sustainability Report was published


The first renewable energy projects were implemented

LUKOIL became a member of the UN Global Compact and the Social Charter of Russian Business (the Russian Union of Industrialists and Entrepreneurs — RSPP)

The LUKOIL Code of Business Conduct and Ethics was adopted


Certification for compliance with the international standard ISO 50001 Energy Management System

Participation in international CDP Reporting and the Global Environment Facility’s Biodiversity Conservation Program

An agreement was signed with the WWF

LUKOIL Group’s Technical Policy on Energy Efficiency was adopted

The Risk management function was established and elaborated


Adoption of the Arctic Biodiversity Program

Joining the World Bank’s “Zero Routine Flaring by 2030” initiative

Improvements to the carbon management system

The HSE Committee was established

The Strategy and Investment Committee was reorganized as the Strategy, Investment, Sustainable Development and Climate Adaptation Committee

LUKOIL Group’s strategic goals for sustainable development were determined

The Antimonopoly Policy and Anti-Corruption Policy were approved