CREON Group published this year’s results of the “Rational Approach” – the rating of Environmental Responsibility of Russian oil and gas companies. As in the year before Sakhalin Energy turned out to be the assessments winner. Exxon Mobil follows on the second and Surgutneftegaz on the third rank. The rankings winners received their awards during a ceremony in Hotel Kempinski Balchug in Moscow.
As an instrument to evaluate and influence the oil and gas companies in terms of their environmental responsibility, the rating is unique for Russia. Four years back, Creon Group started together with the World Wildlife Fund (WWF) to measure the “Rational Approach”: How do companies deal with flare gas? Which measures are taken to revitalize soil after oil leaks? Do they report accidents? Is there a coherent strategy how to increase corporate responsibility?
These are mere some criteria of a sophisticated methodology, which forms a guideline for the rating. The study itself is being conducted independently by experts of Russia’s National Rating Agency. In the past four years it turned out that Russian oil and gas companies pay increasingly attention to the topic of environmental responsibility. Meanwhile, the WWF is keen to deploy its experience to other sectors as project director Alexey Knizhnikov underlined: “The rating provides objective information about the environmental responsibility of companies. We have already applied our experience to a similar rating of mining and metallurgical companies, next year we plan to calculate the rating of electricity generating companies. ”
Creon’s rating has been transformed to a well-established instrument, that gained public attention and recognition both on the federal and on the international level. On December 6th the results of this year’s rating will be presented in Berlin. Together with the long-time partner WWF Russia the environmental responsibility rating of Kazakhstan’s oil and gas companies was launched, the results of which will be announced in Astana in February 2018. Creon Group’s Chairman Dr. Fares Kilzie points out: “Creon group will continue to implement the ‘Common Sense’ program not only in Russia, we would like to consolidate the image of the Russian oil and gas business in the eyes of the global community.”
The half-day conference on December 6. will be held in Berlin’s Marriott Hotel Potsdamer Platz. Please contact as if you would like to participate in the conference, which will be translated in English, Russian and German. Further information and the program can be downloaded via this LINK.
In case of questions please contact:
Florian Willershausen
Director Business Development,
Marketing and Communications
Creon Capital S.à.r.l.
T (GER) +49 151 162 44 591 (WhatsApp)
T (RUS) +7 968 783 84 12
T (LUX) +352 621 235 126
E willershausen@creoncapital.lu
Impressions of the ceremony:
