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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
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

11.8 /100 #23

Intangible Investment

0.0 /100 #20

Sold products

0.0 /100 #55

Management

25.3 /100 #67

Supplier Engagement

0.0 /100 #57

Client Engagement

0.0 /100 #53

Policy Engagement

20.0 /100 #47

Business Model

0.0 /100 #52

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

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/