Gazprom

Gazprom has set some emissions reduction targets. The company is planning to achieve a 12.1% reduction in the scope 1 and 2 emissions of its gas business by 2032 and an 11.2% reduction of its “specific greenhouse gas (GHG) emissions” by 2030, compared to 2018. These targets are not ambitious enough to align with the company’s 1.5°C pathway. The company should develop a long-term target that aligns with its 1.5°C pathway and covers its scope 1, 2 and 3 emissions. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term action on longer-term goals.

The company has not developed a low-carbon transition plan or demonstrated an intention to develop one in the future. The company should establish a time-bound action plan that outlines how it will transition to a low-carbon economy. This should include medium and long-term targets, verifiable and quantifiable key performance indicators and financial commitments. The plan should be informed by scenario analysis to ensure that the plan’s ambition is sufficient for a 1.5°C pathway.

Gazprom has two emissions reduction targets. The company plans to reduce the emissions intensity of its gas business by 12.1% and of its power generation by 9.9% by 2032, compared to 2018. The company has not set any long-term targets and has not committed to phasing out fossil fuels.

Gazprom’s sustainability actions aim to reduce the company’s scope 1 and 2 emissions. The company provides vague details of actions it is taking to reduce emissions including deploying the “best available technologies”, improving the energy management system and improving efficiency. The company is conducting research into methane pyrolysis which could allow for the production of low-carbon hydrogen from gas.

The company is currently engaging in scenario analysis with plans to publish a long-term 2050 climate strategy in 2023. The company discusses taking action to improve its methane monitoring and reduce leakage. The company is also expanding its Russian gas infrastructure and taking action to develop the market for gas as a vehicle fuel. There is no evidence that the company is engaging with its clients or suppliers to encourage emissions reductions in its value chain.

There is no evidence to suggest that the company has made significant progress to reduce its scope 1 and 2 or its scope 1, 2 and 3 emissions intensity over the last five years. The company’s upstream scope 1 and 2 emissions intensity increased by 17% from 2019 to 2021. The company’s absolute scope 1, 2 and 3 emissions increased between 2019 and 2021.

Gazprom has not developed a transition plan and the company’s targets for its scope 1 and 2 emissions are not ambitious enough to align with the company’s 1.5°C pathway. The company has not set any targets for its scope 3 emissions, which account for over 80% of the company’s emissions. The company is continuing to expand its gas operations and the company does not transition its activities away from fossil fuels.

The company publicly discloses a commitment to engaging in social dialogue with workers and unions. However, no relevant disclosure was found regarding the categories of stakeholders it engages with on a just transition. Nor was there any evidence to show the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking just transition planning to mitigate the social impacts of the low-carbon transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups. Additionally, no relevant disclosure was found of the company’s assessment of employment dislocation risks. No public commitment by the company was found stating its intention to re-skill and up-skill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company reskills and upskills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders. No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No policies or commitments of the company related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

The company commits to respecting the health and safety of its workers, and it discloses some information about the diversity of its workforce. However, the company can strengthen its disclosure on these subjects, as well as on its living wage and working hours practices.

The company has a policy prohibiting bribery and corruption and offers a confidential mechanism accessible to all stakeholders to raise bribery and corruption concerns and complaints without fear of reprisals. The company can strengthen its performance and disclosure on these and other ethical business topics including personal data protection, tax and lobbying and political engagement.