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Rosneft Upgraded its Position in S&P Global’s International ESG Rating
15 December 2021
The financial analytics and credit rating company S&P Global upgraded Rosneft’s industry sustainability S&P Global ESG Scores rating by 14 points to 68 percentile while the overall Company’s score was upgraded to 47. Business and corporate ethics, environment protection information disclosure and social responsibility performance of Rosneft received the highest scores.
In 2021 the number of companies that participated in the S&P Global ESG Scores was 1 843 which is almost one third more versus 2020. The total capitalization of these companies is about 45% of the overall capitalization of the companies that are traded at global stock exchanges.
S&P Global ESG Scores assesses sustainability performance of companies based on Corporate Sustainability Assessment (system that was purchased from RobecoSAM in January of 2020).
Since 2007 Rosneft has been publishing its Sustainability Report by the Global Reporting Initiative standards (GRI). Also, the Company is a member of the UN Global Compact which is the evidence of its commitment to the highest sustainability principles.
In December of 2018 Rosneft became the first among the Russian companies that publicly confirmed the commitment to the 17 UN Sustainability Goals and integrated them in its corporate strategy. Following the global practices, the Company has determined five goals of strategic priority, which are directly supported by its core operations: Good Health and Well-Being; Affordable and Clean Energy; Decent Work and Economic Growth; Climate Action; and Partnerships for the Goals. However, given its pivotal role in the energy sector and the scale of its activities, the Company also contributes to the achievement of the remaining 12 goals of the UN.
Note for Editors:
Rosneft continues to improve its position in the international ESG ratings. Rosneft has been recognized as a leader of Bloomberg’s ESG rating among the oil and gas industry majors (ESG informational transparency was rated).
In 2021, FTSE Russell – a subsidiary of London Stock Exchange - again put Rosneft on the list of participants of the international exchange indexes FTSE4Good Index Series which is updated twice a year. The Company’s performance is better than 90% of the international oil and gas industry practitioners (ICB supersector) with a score of 3.9 while the top score is 5.
Rosneft has become the only Russian oil and gas corporation that received the status of a sustainability leader and which is part of the Global Compact LEAD initiative for its lasting commitment to the UN Global Compact and the Ten Principles of Responsible Business.
Rosneft Department of Information and Advertising
15 December 2021
These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information constitutes a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We do not undertake any obligation to update the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.