Energo Oil

ESG Process Management System Improved

The Board of Directors approved the Company's ESG process management system based on metrics. The consolidated map of key ESG goals developed at ENERGO OILS will be integrated into the corporate monitoring and control system.

The structure of the map is formed on the basis of the best practices of domestic and foreign leaders of the oil and gas industry in the field of ESG. The system provides both operational management of the project portfolio and manageability of the Company as a whole.

The ESG goal map is divided into three interrelated levels with measurable indicators. The top-level goal — the sustainability of the Company — cascades to 14 metrics grouped in the areas of 'Interaction with nature', 'Development of society' and 'Growth of the Company's value'. In total, the ESG-goals map combines more than 120 indicators, including reducing greenhouse gas emissions, increasing the share of low-carbon raw materials in products, and increasing installed renewable energy capacities.