LUKOIL ranks among the top three companies of the 2020 Environmental Transparency Rating of Eurasian Oil and Gas Companies, presented by the World Wide Fund for Nature (WWF) and CREON Group analysts.
Oil and gas companies were rated against three essential criteria – the quality of environmental protection management, environmental impact or eco-friendliness of production, and willingness to disclose environmental performance data.
Demonstrating utmost transparency in public relations, LUKOIL was one of the first Russian companies to publish sustainability reports. The quality and openness of the company’s non-financial reporting was recognized with multiple awards and prizes.
The highest standards of LUKOIL’s environmental management provide for the company’s consistent performance in utilization of associated petroleum gas, reduced carbon footprint and development of renewable energy. The company also lays emphasis on preservation of biodiversity in regions where it operates.