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Novatek

Novatek is a publicly listed company headquartered in Russian Federation. In 2021 its revenue was USD 15.7 billion. Novatek is a fully integrated company and Russia’s second-largest gas producer. The company’s main operating areas are concentrated in the Yamal-Nenets Autonomous Region (YNAO) in Western Siberia. The YNAO accounts for approximately 80% of Russia’s gas production and 15% of global gas production.
Ranking position
#58 /99
Total score
10.4 /100

ACT
2.0 /60
Core social indicators
6.5 /20
Just transition
1.9 /20

ACT score components

Performance score
1.4 /20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-99)

Targets

#1 6.7 /100 #42

Material investment

#1 0.0 /100 #84

Intangible investment

#1 0.0 /100 #11

Sold products

#1 0.0 /100 #76

Management

#1 36.8 /100 #51

Supplier engagement

#1 0.0 /100 #50

Client engagement

#1 3.8 /100 #38

Policy engagement

#1 32.0 /100 #30

Business model

#1 3.8 /100 #63
#1
Indicates the score for the top performing company.

Act Assessment

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. Novatek has set targets, but they only apply to its scope 1 emissions and don’t extend beyond 2030. Similarly, the company’s emissions reduction measures currently impact only its operations. While Novatek is exploring low-carbon business opportunities such as wind energy, it does not publish details of these business models and still sees gas as a key part of its future. Consequently, it is unlikely the company will reduce its scope 1, 2 and 3 emissions intensity at the 4% per year required by its 1.5°C pathway.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core Social Assessment

See results for

  1. 2021

More about the company

Headquarters
Moscow, Russian Federation
Ownership
Publicly listed
Revenue
USD 15.7 billion
Employees
18,404
Website
https://www.novatek.ru/en/

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

See company profile SDG2000