RATING

Outlook

Negative

SECTOR

Oil & Gas Operations

Chief Sustainability Officer

Anastasia Ivaonva

Contact Details:

T: N/A

E-mail: N/A

Stock Exchange and Ticker

Moscow Exchange (MCX)

Website

Gazprom

Contact

T:+7 (812) 777 00 05

E.mail: info@gazprom-international.com

Listing

#49 Global 2000 (2022)

Awards

CDP – B
Refinitiv – B
MSCI – BB
Bloomberg – 61
Responsibility and Transparency index (RUIE) – A (leader group)
Sustainable Development Vector index (RUIE) – A (leader group)

Revenue

$103.62B

Market Capitalisation

$97B

Employees

477,600

Content source

Gazprom Sustainability Report

Evaluation of Gazprom

The business has not set clear targets and reported clear progress regarding these targets. Gazprom follows GRI reporting standards and a lot of environmental performance data were recorded in the report, however, they attempt to spin this data as the company is sustainable. However, we can still see a little light in terms of transparency with the two ISO certificates it holds.

While claiming to address the SDGs and being sustainable, the company mentions in its report covering all 17 of them without clear benchmarks or progress evidence. This attitude contributes to its loud greenwashing campaign, which aims at convincing stakeholders that the company is greener than it actually is.

Last but not least, the several environmental crimes of which Gazprom has been charged, but not prosecuted by the Russian government. This creates a great environmental debt to pay off for the oil and gas company.

The company received a D with a negative outlook.

Sustainability Scorecard

Gazprom Company Activity

Gazprom PJSC is a global energy company. The company focuses on geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power. It operates through the following segments: Production of Gas, Transportation, Distribution of Gas, Gas Storage, Production of Crude Oil and Gas Condensate, Refining and Electric & heat energy generation and sales.

The Production of Gas segment engages in the exploration and production of gas. The Transportation segment engages in the transportation of gas. The Distribution of Gas segment involves in the sale of gas within the Russian Federation and abroad. The Gas Storage deals with the storage of extracted and purchased gas in underground gas storages. The Production of crude oil and gas condensate segment engages in the exploration and production of oil and gas condensate, sales of crude oil and gas condensate. The Refining segment is involved in the processing of oil, gas condensate and other hydrocarbons, and sales of refined products. The company was founded in 1989 and is headquartered in Moscow, Russia. (Source: Forbes)

Gazprom Sustainability Activity - As per company declarations

Gazprom International adheres to the principles of sustainable development and continuous performance improvement by implementing and maintaining an integrated system that enables the management of quality, health, safety, and environment (IMS).

These principles are materialized through the achievement of the following strategic targets:

— define clearly the functional relationships between the structural units, systemize the business processes of Gazprom International, and create an effective system to manage a holding company that meets internationally recognized standards;

— comply with all statutory and regulatory requirements for health, safety, and environment, industrial standards and sets of regulations, as well as Gazprom’s applicable requirements;

— enable the identification, assessment, and monitoring of material risks for quality, health, safety, and environment, to which the Company’s staff, contractors, and other stakeholders may be exposed;

— work safely, keep the staff’s physical, mental, and social welfare to a maximum, as well as minimize the adverse effect of the Company’s operations on communities where works are done.

Certificate & Labels, Standards and Frameworks

ISO 14001:2015
ISO 50001:2018

Gazprom in the news: Press Reviews and Social Media

Highlights from Gazprom Sustainability Report

Achievements

On January 1, Gazprom started supplying gas to Serbia and Bosnia and Herzegovina via a new route – the TurkStream gas pipeline across the Black Sea and the national gas transmission systems of Bulgaria and Serbia. Supplies to Hungary and Croatia through the same route commenced on October 1
In April, the Svobodny thermal power plant came onstream in the Amur Region. The main purpose of the plant is to provide the Amur Gas Processing Plant with thermal energy (steam) and electricity.
In May, Gazprom launched the construction of the Complex for Processing Ethane-Containing Gas (CPECG) near Ust-Luga, Leningrad Region, a unique cluster combining capacities for gas processing, gas chemistry, and natural gas liquefaction.
In June, the first production train of the Amur Gas Processing Plant (GPP), one of the largest of its kind in the world, was put into operation.
In September, Gazprom launched the world’s biggest Logistics Center for servicing helium containers (helium hub) in the Primorye Territory. It will be used to deliver liquid helium to the global market. The first of three helium separation, liquefaction and packaging units at the Amur GPP came onstream.

Weaknesses and Setbacks

Lack of clear and quantitative targets
Unclear progress

Targets vs Progress Reported

Target	Results reported
No quantitative and clear target set

UN SDGs Compliance Analysis

Progress made toward SDG targets
As reported by Gazprom

Bringing gas to consumers in rural settlements for local infrastructure development
Respecting local communities’ interests and ensuring responsible targeted social investment
RUB 294.74 million amount allocated to support traditional lifestyles of indigenous minorities of the North, including their agroindustrial activities
9,500 agricultural facilities were supplied with natural gas

RUB 4,888.0 million payments for rehabilitation treatment
569,421 people insured under voluntary medical insurance programs
RUB 131.0 million payments for targeted preventive initiatives as part of voluntary medical insurance programs
52,806 face masks and 1,623 t of disinfectants purchased to ensure employee safety
1,147 kt of hazardous emissions were captured and neutralized by Gazprom Group’s waste gas treatment facilities

353,700 employees, 250,100 executives, specialists, and other employees completed training under skills upgrading and professional retraining programs
9,663 students completed an internship with the Gazprom Group entities
27 schools have Gazprom Classes
17 partner universities, 25 specialized departments, 209 programs for skills upgrading and professional retraining

Equal remuneration for men and women in positions with the same level of professional expertise
The same ratio of fixed and variable remuneration for both genders
28.5% of women among the Gazprom Group’s staff
41.2% of women among specialists and other white-collar staff
24.1% of women among executives
29,600 women hired within the Gazprom Group in 2021 (37.1% of the total number of new hires)
2 women among the 14 members of the Management Committee of PJSC Gazprom (one of the women is Deputy Chairman of the Management Committee)

97% of wastewater discharged into surface water bodies is partially clean and partially treated
2,048 wastewater treatment plants with a total daily capacity of 1,838.266 m3
11,851.7 mcm volume of water recirculated and reused
RUB 9.1 billion invested in protection and sustainable management of water resources
RUB 14.3 billion current expenses related to wastewater collection and treatment
RUB 183.8 million allocated to protection and replacement of fish reserves
31.5 million fish of various species were released to water bodies

247.2 bcm gas sales to Russian consumers
227.9 bcm gas sales to non-FSU countries
33.1 bcm gas sales to FSU countries
12.27 bcm sales of large-scale LNG in foreign markets
153.6 billion kWh electric power sales
122.3 million Gcal heat power sales
Over 350,000 tons annual hydrogen output
13.2 million MWh electric power generation from renewable energy sources and secondary energy resources
RUB 3,85 billion invested in renewable and secondary energy sources
3,202.8 million GJ fuel and energy consumption at Gazprom Group
167.4 million GJ fuel and energy savings resulting from the implementation of Gazprom Group’s energy saving programs

79,800 people hired in 2021
2,966 university and vocational school graduates пhired in 2021
42,000 contracts concluded with small- and medium-sized enterprises for an amount of RUB 248.5 billion
641 trade union organizations within Gazprom Workers Union
364,038 members of Gazprom Workers Union
29 in-house technical labor inspectors and 7,507 occupational safety officers participated in occupational safety activities
100% of employees of PJSC Gazprom and its subsidiaries, which signed the General Collective Bargaining Agreement, were covered by collective agreements

84 sports facilities were completed under the Gazprom for Children Program, which covers 5 federal districts of Russia
Over RUB 13.8 billion allocated to urban infrastructure improvement
RUB 24.6 billion the Gazprom Group’s investments in R&D
RUB 12.8 billion economic benefit from the application of R&D results
RUB 11.4 billion the Gazprom Group’s expenditures on the development of software and digital transformation
RUB 21.9 billion economic effect from the implementation of technologies based on import substitution

72.1% gas infrastructure penetration in Russia
2,700 km of gas pipelines built as part of the gas infrastructure expansion program
68 constituent entities of the Russian Federation are covered by the gas infrastructure expansion program
0 cases of discrimination across the Gazprom Group
0 violations of rights and conflicts with local communities, including indigenous minorities of the North

RUB 39.5 billion PJSC Group’s charity spending
948 mcm Sales of compressed natural gas at CNG filling stations in Russia
386 Number of active gas filling stations of the Gazprom Group and Gazprom Gazomotornoye Toplivo in Russia
RUB 6.8 billion Investments by the Gazprom Group and Gazprom Gazomotornoye Toplivo in the development of gas filling infrastructure
17,194 new vehicles converted by consumers to natural gas as a result of dedicated marketing programs (up 95.4%)

179 waste treatment and recycling facilities with a total annual capacity of 286,000 tons
RUB 703.82 million was invested in implementing waste recycling, treatment, and dumping projects
RUB 7.08 billion were the current waste management expenses
3,046,590 tons of waste were generated in 2021, down 6% year-on-year
97% of waste is low-hazard and almost nonhazardous (Classes IV and V)

6% reduction of methane emissions at the Gazprom Group
RUB 36.5 billion spent on air protection and reduction of GHG emissions
RUB 5.7 billion current expenditures on air protection and climate change prevention
301.21 kg of СО2 per boe carbon intensity of the Gazprom Group’s products. It is one of the lowest rates among global oil and gas majors
7,429 people were trained in environmental programs at various educational institutions

Over 3,290 voluntary initiatives were run to clean up the waterside of rivers and lakes
RUB 13.634 billion was invested in protection and sustainable use of lands, including remediation
RUB 6.647 million current expenditures on preservation and restoration of land, open and ground water
17,199.4 hectares was the area of remediated disturbed land
More than 459,300 young trees were planted
More than 7,039 hectares of land cleaned up
RUB 97.54 billion total environmental expenditures by the Gazprom Group in 2021
RUB 3,083.8 million expenses on operational environmental monitoring and control
6,585 facilities of the Gazprom Group underwent operational environmental monitoring and control
RUB 269.9 million current expenditures on biodiversity preservation and protection of designated natural areas

2,970 employees completed anti-corruption training
More than 6,570 Hot Line reports were reviewed in connection with countering fraud, corruption and theft at the Gazprom Group
0 cases of corruption
24 subsidiaries were included in the tax monitoring system to improve tax transparency in the Gazprom Group

81 cooperation agreements with regions of the Russian Federation are currently in force
Реализуются 18 roadmaps are being implemented in 18 regions of the Russian Federation to stimulate the manufacture of import-substituting products
17 Joint Coordination Committees and Joint Working Groups for key projects and lines of cooperation with foreign partners
79,760 Gazprom Group employees participated in volunteer activities

Sustainability Certificates, Awards and Listings

Gazprom Sustainability Report

RATING

SECTOR

Chief Sustainability Officer

Stock Exchange and Ticker

Website

Contact

Listing

Awards

Revenue

Market Capitalisation

Employees

Content source

Gazprom Sustainability Report

Evaluation of Gazprom

Sustainability Scorecard

Gazprom Company Activity

Gazprom Sustainability Activity - As per company declarations

Certificate & Labels, Standards and Frameworks

Gazprom in the news: Press Reviews and Social Media

Highlights from Gazprom Sustainability Report

Targets vs Progress Reported

UN SDGs Compliance Analysis

Sustainability Certificates, Awards and Listings

About Us

By Audience

Impakter Platforms