Transparency Rating of Environmental Responsibility



A pilot project was implemented in 2014 following the initiative of CREON consulting and analytical group in the field of fuel and energy complex and the World Wildlife Fund (WWF) with participation of National Rating Agency. The goal of the project was to obtain objective and comparable information on the level of impact on the environment of participants in the domestic oil and gas sector. The public nature of the rating ultimately contributes to improving the quality of environmental risk management and reducing the impact of the oil and gas industry.

Within four years the rating has not only become a source of objective and comparable information on the level of oil and gas sector impact on the environment, but also created a new dialogue platform between company experts and the society to manage environmental risks of the sector.


WWF and CREON Group presented first Eurasian ecological rating of oil and gas companies

March 24, 2020

The investment Greon Group in partnership with World Wildlife Fund (WWF) Russia extended the participants’ geography of its environmental transparency rating with oil companies from Azerbaijan. For the first time analytics compared them to ones from Russia and Kazakhstan. The rating allows to assess investment attractiveness of oil companies, which becomes very important for industry’s post-corona crisis recovery.

“The situation with coronavirus is alarming but should be temporary: oil and gas markets slump caused by global economic slowdown worsened by the coronavirus pandemic. However, I am sure the industry will overcome today’s challenges”, said Fares Kilzie, chairman of the board of Creon Group. “The rating importance will be even higher after the crisis as it defines transparency and ecological responsibility of oil companies. Here are key indicators for any investors in today's business reality”, emphasized Kilzie.

The third Berlin Conference «Ecological responsibility in the Russian energy sector»

Fall 2020


One can identify but a few topics within the realm of EU-Russia relations in which both parties find congruent interests. Two of these are environmental protection and climate policy. Moscow and Brussels are committed to the Paris Agreement. Furthermore, the bilateral political relationship between Germany and Russia has returned to a position of cooperation - the result of the June signing of the energy efficiency partnership agreement by ministers of economic development Peter Altmaier and Maxim Oreshkin.

Concerning businesses, this cooperation has never fallen asleep: EU companies are localizing their wind energy technologies in Russia, they are helping to separate waste and process associated petroleum gas in products of use. Research projects have been started to separate carbon from hydrogen based on natural gas. In the meantime, Russia supplying gas to Europe helps to become a little more environmentally friendly as the German market is still heavily dependent on coal in energy generation. In both Western and Eastern Europe, there are innovative "green" technologies that need sales markets, applications and financing.

Sakhalin Energy ranks first in 2019 Environmental Transparency Rating of Russian Oil and Gas Companies

November 24, 2019

Zarubezhneft and Exxon Mobile confirm their leading positions / 20 oil and gas companies participated / Transparency on environmental policy increasing / ESG rating demonstrates a transition of energy companies

As in the previous year, Sakhalin Energy ranked first in the Environmental Transparency Rating of Russian Oil and Gas Companies. The international producer of liquefied natural gas (LNG), owned by Gazprom, Shell, Mitsubishi and Mitsui outperformed in terms of openness on environmental topics, a clear strategy on environmental responsibility and with concrete measures to decrease the production’s impact on the environment. On the second and third ranks followed Zarubezhneft and Exxon Neftegas Ltd., which also confirmed their leading positions of the previous year. 


CREON establishes conference as platform for East-West exchange on environmental cooperation

January 01, 2020

More than 100 participants discuss "ecological responsibility in the Russian energy sector" in Berlin / Russia on the way to become a “green” economy / Demand for “green” technologies creates investment opportunities.

Results announced for the Environmental Transparency Rating of Oil & Gas Companies Operating in Russia

November 29, 2018

The Worldwide Fund for Nature (WWF) and CREON Group have announced results of the fifth Environmental Transparency Rating of Oil & Gas Companies operating in Russia. The announcement ceremony took place at the Analytical Center of the Government of the Russian Federation in Moscow on the 30th of November.


The Rating project has been implemented with support from the United Nations Environment Program and with participation of the Ministry of Natural Resources and Environment of Russia and the Ministry of Energy of Russia. Just as in previous years, the rating process has been executed by National Rating Agency, while the Luxembourg-based fund management company Creon Capital participated as a partner in the project.


The results of the rating in 2018 both affirmed yesteryear leaders’ standings and revealed new prominent up-and-coming participants. As in the previous year Sakhalin Energy (Sakhalin-2), a joint venture of Gazprom, Shell, Mitsui and Mitsubishi, ranked first, followed by Zarubezhneft. The latter company appears in the top 3 for the first time. Exxon NL achieved the third rank.

Ecological Responsibility in Russia’s Energy Sector

September 06, 2018

Venue and Timing

Wednesday, December 05th 2018

Time: 13.00 - 19.00

Hotel Marriott, Berlin (Potsdamer Platz), Inge-Beisheim-Platz 1, 10785 Berlin

As much as some may be surprised in the West: ecology and Russia – this combination is no longer a contradiction today. Not only since the Year of the Environment took place in 2017, the world’s largest country moves slowly but visibly in the right direction in terms of environmental issues: The burning of associated gas is decreasing, landfills have been closed, recycling is being promoted by the state actively. Above all Russian oil and gas company have to offer something, which could boost the EU-countries leap towards a cleaner economy structure: Liquefied Natural Gas (LNG) as a fuel for decentral regions and the infrastructure sector.

Ecology and Russia – this combination also becomes relevant for companies. Therefore, CREON Group and WWF are inviting to the second Berlin Conference this year. Businessmen and experts from both Russia and Germany will discuss how environmental responsibility can be shaped and improved further. Which solutions can German companies provide for Russian partners who want to tackle the topic? And conversely, can Russian companies contribute to the "greener Europe” by delivering Liquefied Natural Gas (LNG)? These discussions will be supported by the German Eastern Business Association (OAOEV) and the German-Russian Chamber of Commerce (AHK).

The seminar will present results of the environmental responsibility rating in Russia's oil and gas industry. For the fifth time, WWF and CREON will conduct the independent rating of major oil and gas companies regarding their sustainability efforts: Who renatures oil-contaminated areas? Who is flaring on associated gas, who is not? How transparent are corporations in reporting on ecological issues? In the meantime, the rating has been established as a credible, objective and recognized tool to push the oil and gas companies there on a more sustainable course. The initiative to conduct Global rating of the 32 biggest world oil and gas companies will be also presented in Berlin.

The aim of the conference is to promote ecological responsibility as a common topic for Germans and Russians. Therefore, we are pleased to welcome high-ranking politicians from both countries, who find common interests in the field of ecology beyond the well-known political dispute topics. Above all, however, entrepreneurs from East and West should be brought together: In Europe's East, a market is now growing with its awareness of the problem, for which Germany particularly could supply "green" technologies. CREON has set itself the goal of connecting these networks.

WWF-Russia and CREON Capital agree to conduct Global Environmental Transparency Rating of Oil & Gas Companies

May 29, 2018

The World Wide Fund for Nature (WWF) – Russia and the Luxembourg-based fund management company CREON Capital has agreed to create a «Global Environmental Transparency Rating of Oil and Gas Companies». The survey will involve 30 global commodity producers from around the world, it will be focused on their efforts to strengthen their environmental responsibility. Therefore, environmental strategies will be evaluated as well as concrete measures towards more environmental protection in a sector, which is critical for nature and human being. This will be the first worldwide study, which provides transparent and comparable data and information on environmental responsibility in the global oil and gas industry. WWF-Russia and CREON Capital signed a declaration on May 25 during the International Economic Forum in Saint Petersburg.

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