Novatek
Novatek OAO is a publicly listed integrated gas company headquartered in Russia. In 2020, it had USD 9.63 billion in revenue and a reported 15,000 employees*. Novatek is Russia's biggest LNG producer, with upstream activities in the Yamalo-Nenets Autonomous Region, one of the largest gas producing areas. Novatek has a weak low-carbon transition plan and lacks intention to transition away from gas.
- Ranking position
- #72 /100
- Total score
- 2.6 /100
- Performance score
- 1.1 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Novatek receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company has started to reduce its scope 1 and 2 emissions but is not on track to keep pace with the rate of reduction required by its 1.5°C pathway. The company has no current target for scope 3 emissions that could drive a significant change in business model and does not plan to scale up innovative low-carbon technologies that could support its alignment with a 1.5°C pathway.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Moscow, Russia
- Group revenue
- RUB 711,812,000,000 (USD 9.63 billion)
- Ownership structure
- Publicly listed
- Number of employees
- 15,000
- Scope of activity
- Fully integrated
- Website
- https://www.novatek.ru/