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Tatneft

Tatneft is a publicly listed fully integrated oil and gas company headquartered in Russia. In 2020, it had USD 12.61 billion in revenue and a reported 60,000 employees*. Tatneft shows little evidence of any climate action or commitment for a low-carbon transition. Tatneft explores, produces and markets crude oil and refined products. It is one of the largest vertically integrated oil companies in Russia in terms of crude oil production and proved oil reserves.

Ranking position
#49/100
Total score
5.2/100
Performance score
2.2/20
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

19.5 /100 #14

Material Investment

6.0 /100 #55

Intangible Investment

0.4 /100 #18

Sold products

0.3 /100 #51

Management

36.6 /100 #39

Supplier Engagement

20.0 /100 #21

Client Engagement

7.5 /100 #37

Policy Engagement

40.0 /100 #16

Business Model

0.0 /100 #52

Leading practices

Risks and opportunities

Trend

Tatneft receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Although the company has a target to reduce CO2 emissions by 10% by 2025 compared to 2016, and it has already achieved a 5% reduction, this rate of reduction is insufficient for the company to align with its 1.5°C pathway. Tatneft’s emissions reduction targets do not cover methane, even though this is one area where the company is trying to reduce emissions. Furthermore, there is no evidence of any planned changes to Tatneft’s strategy and business model.

Progress towards the Paris Agreement

More about the company

Headquarters
Almetyevsk, Russia
Group revenue
RUB 932,296,000,000 (USD 12.61 billion)
Ownership structure
Publicly listed
Number of employees
60,000
Scope of activity
Fully integrated
Website
https://www.tatneft.ru/