The Rational Approach
Project

Environment
Transparency Rating
of oil and gas companies

News
Leaders change in the Environmental Transparency Rating of Oil and Gas Companies
Rational Approach. Environmental Responsibility Rating of Oil & Gas Companies in Russia - 2014

Leaders change in the Environmental Transparency Rating of Oil and Gas Companies

The World Wildlife Fund (WWF-Russia) and Creon Group presented the results of the 2020 Environmental Transparency Rating of Oil and Gas Companies. This year numerous accidents and spills caught much attention. At the same time, environmental transparency of business increased, while the final calculation saw the top three leaders changed. The rating report is being conducted with the support of the European Union.

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About the project

The main purpose of the “Rational Approach Project” is to shape a feedback mechanism between the oil and gas industry and society. The rating as a non-governmental tool for comparative assessment to examine the impact of oil and gas companies on the environment, their information transparency when covering accidents, oil spills and liquidation of consequences, as well as compliance with international sustainable development requirements according to international CSR and ESG standards (Environment, Social and Governance).

The rating is calculated in accordance with the Russian “Joint Environmental Requirements of Public Environmental Organizations for Oil and Gas Companies”, which meet the international standards for non-financial reporting GRI and environmental management ISO 14001.

In the process of working on the rating, no pressure is exerted on either side, all materials are provided by companies in different volumes exclusively voluntarily.

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Sakhalin Energy ranks first in 2019 Environmental Transparency Rating of Russian Oil and Gas Companies

Sakhalin Energy took the 1st place, Zarubezhneft – the 2nd place and Exxon Neftegas Limited the 3rd place. Commemorative diplomas were awarded to companies in five nominations: Lukoil – for achievements in transparency, Rosneft – for the most constructive dialogue on accidents and controversial situations, Surgutneftegaz – for leadership in reducing environmental impacts, Gazprom Neft – for the most dynamic increase in the oil recovery factor, and Tatneft – for the most active movement towards the pole position.

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