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Lukoil

Lukoil is an integrated oil and gas company, headquartered in Russia. The company accounts for around 2% of the world’s oil production and around 1% of proved hydrocarbon reserves. Lukoil’s operations are split across exploration and production, refining and distribution, and corporate centre and other activities. In 2022, its revenue was USD 125 billion and it employed over 100,000 people.

Summary

Lukoil ranks 70th overall and 39th in the Extractives sector. The company has fallen 16 places in its sector rank since 2019. Its best performance is on remedies and grievance mechanisms. It has an opportunity to improve on embedding respect and human rights due diligence.

Lukoil has established policy commitments to respect human rights, as well as grievance mechanisms for workers and communities to raise human rights complaints.

The company has an opportunity to disclose how it assigns board and senior responsibility for human rights across its operations, and to disclose its due diligence process for identifying, assessing and mitigating its salient human rights risks. It could also be more transparent about the process and outcomes of its grievance mechanism, including the timeframe for addressing complaints, how grievances are dealt with, and what options are available for remediation.

Ranking position: #70 /110
Total score: 13.1 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 2.5 /10	#45
Embedding respect and human rights due diligence	#1 0.7 /25	#84
Remedies and grievance mechanisms	#1 4.5 /20	#45
Performance: Practices	#1 2.8 /25	#66
Performance: Responses	#1 2.6 /20	#60

Sector
Extractives	#39

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2020

This company is part of the SDG2000, the 2,000 most influential companies

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