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High CDP ratings confirmed for Gazprom Neft

Gazprom Neft has maintained its leading position in the international Carbon Disclosure Project (CDP) ratings — the most authoritative research on performance in climate responsibility — receiving a category B rating (based on independent assessment, on a scale of A to D), the same rating as last year and matching the standards of leading international oil and gas companies. Gazprom Neft’s high rating was confirmed on the basis of the company’s transparency in disclosing information on its emissions, as well as its various initiatives to reduce these.

More than 13,000 companies (71 of them Russian) were covered by the CDP’s research in 2021, including 249 companies in the oil and gas industry. Gazprom Neft’s standing in the CDP rankings matches those of international oil and gas companies. Gazprom Neft set itself a new goal in 2021 —to deliver a 30% reduction in the carbon intensity of its activities (against a 2019 baseline) by 2030. The company is planning to achieve that reduction by diversifying production, implementing its major modernisation programme across all of its refining facilities, developing hydrogen and carbon capture and storage (CCS) technologies, and implementing initiatives in renewable energy sources (RES).

The sustainable development of its operational activities is integral to Gazprom Neft’s development strategy, with the company committed to becoming an industry benchmark in efficiency, safety and technological advancement. Gazprom Neft publishes a Sustainable Development Report every year, supports the Paris Agreement on combatting climate change, and is signatory to the UN Global Compact — the most important international initiative in sustainable development and corporate social responsibility.

Notes for editors

CDP is a not-for-profit charity established in the UK in 2000. CDP runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The CDP ratings are supported by more than 560 institutional investors with total assets under management of $106 trillion.