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
Sustainable Development Management
LUKOIL is one of the leaders in the global oil and gas market, and is committed to the responsible production of affordable energy in order to meet the needs of people and the economy in Russia and around the world, while striving to develop resources in a cleaner and more environmentally friendly manner.
The Company’s management and its employees share this view of corporate goals and strategy in the context of a speeding up in global developments. The positions that we take largely determine how our customers and partners, investors and shareholders, government agencies, and all other stakeholders perceive LUKOIL.
LUKOIL’s positions in ratings
In 2020, LUKOIL substantially enhanced its positions in leading international and domestic sustainability ratings. The ratings in particular underscored the improvement of carbon management and the development of anti-corruption practices within the Company.
CurrentAs at the end of 2020.
Note. In terms of Sustainalytics Risk Rating, the assessment corresponds to the level of risk. The lower, the better. For SAM S&P, the higher the score, the better.
LUKOIL’s improved standing is also reflected in the following ratings and rankings:
The MOEX — RSPP Responsibility and Transparency Index and MOEX — RSPP Sustainable Development Vector Index: in the top 10
The FTSE Russell ESG International Rating: 3.7 scores (out of 5)
The Corporate Human Rights Benchmark: 7.5 (Russian average: 7.3)
The ESG Corporate Rating RAEX Rating Review: 2nd place
World Wildlife Fund (WWF) and CREON analytical group rating of environmental transparency of Eurasian oil and gas companies: top three
PJSC LUKOIL President Vagit Alekperov and several other LUKOIL executives made the list of the top 1,000 Russian managers, an annual rating published by the Kommersant Publishing House and the Russian Managers Association.
Vagit Alekperov, President of LUKOIL, was named among the Russian business leaders.
Toby T. Gati, an Independent Member of the PJSC LUKOIL Board of Directors, won in the Best Independent Director nomination as part of the top-1,000 award for managers in a Russian company of the Russian Institute of Directors.
Victor Blazheev, Roger Munnings, and Pavel Teplukhin, Independent members of the Board of Directors, were named among the 50 Best Independent Directors in the XV National “Director of the Year” Award.
Alexander Matytsyn, First Vice President of LUKOIL, was listed as one of the 100 best Russian financial directors.
Evgeny Khavkin, Vice President — Chief of Staff of PJSC LUKOIL, was named among the 50 most effective corporate governance directors.
Gleb Ovsyannikov, Head of LUKOIL Public Relations, was named one of the 100 best public and corporate relations directors.