We have defined LUKOIL’s next mission in the context of a global energy transformation as a “responsible hydrocarbon producer”. We believe that considering LUKOIL’s competitive advantages, the best we can do is to continue to supply the world economy with the most efficient fossil energy resources, while at the same time focusing on reducing the carbon footprint of their production.Vagit AlekperovPresident, Chairman of the Management Committee of PJSC LUKOIL
30 years of sustainable
Our contribution to the UN Sustainable Development Goals in 2020
Taking into account the strategic guidelines of LUKOIL Group, the Company’s experience in implementing environmental and industrial safety programs, social programs for employees of our entities and for the regions where we operate, as well as the expectations of stakeholders, we have chosen 11 priority UN Sustainable Development Goals and 15 Targets. Considering the events of 2020 (the COVID-19 pandemic), the estimated contribution of LUKOIL Group to the achievement of the Sustainable Development Goals includes costs associated with the protection of health of LUKOIL Group employees and residents of the regions of operation (SDG 3 “Good health and well-being”).
These goals and targets are harmoniously combined with operational programs implemented by LUKOIL Group entities, and are part of corporate planning and budgeting. Therefore, we believe that their implementation, alongside the other steps taken by the Company, largely determines the contribution LUKOIL Group makes to achieve the UN Sustainable Development Goals.