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Sakhalin Energy Tops the Environmental Transparency Rating

Sakhalin Energy LLC was included in the top 3 of the transparency rating of oil and gas companies of the Russian Federation in the field of environmental responsibility. The survey is conducted by the World Wide Fund for Nature (WWF) Russia in partnership with the Creon Group, and supported by ACRA Risk Management rating agency. For nine years, the Sakhalin-2 project operator occupies a leading position in the rating.

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The final document, presented at the beginning of December 2022 in Moscow, was prepared on the basis of open data. During the process, the activities of 21 companies from Russia and 16 companies from near abroad countries were analysed for the year 2021.

The organisers of the event noted a reduction in the indicators on specific water consumption and land pollution, the share of recycled and neutralised waste. In general, despite a number of factors that have had a negative impact on industry-wide performance this year, rating participants have maintained a high level of transparency of environmental information.

“Over the years, our rating has earned a reputation of a reliable tool for assessing the environmental openness of companies. This tool is more in demand than ever before, as the oil and gas industry needs to demonstrate its leadership and achievements in sustainability and ESG standards to new partners in Asia, Africa and the Middle East,” said Fares Kilzie, Chairman of the Board of Directors of the Creon Group.

According to Andrey Oleinikov, Managing Director of Sakhalin Energy LLC, by disclosing information on environmental aspects of its activities, the company confirms the adherence to the principles of sustainable development, HSE policy and commitments: "We strive to ensure maximum stability and safety of production processes. By minimising the impact of the Sakhalin 2 project on various components of the natural environment, we continue to implement measures to conserve biodiversity and reduce the carbon footprint.”

The performance of companies in the rating is assessed against several key indicators. In particular, the experts focus on the amount of funding for biodiversity conservation. The existence of mechanisms for stakeholder participation in the discussion of programmes addressing the issue and the public availability of research results are taken into account, as well as many other criteria.

For details on the methodology and rating results, please visit the Common Sense website (zs-rating.ru).

5 December 2022

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