Transparency Rating of Environmental Responsibility

 

RATIONAL APPROACH PROJECT

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.

NEWS OF THE PROJECT

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.

Results of the First Environmental Responsibility Rating of Oil and Gas companies in Republic of Kazakhstan were presented on winner’s award ceremony in Astana.

February 24, 2018

Results of the First Environmental Responsibility Rating of Oil and Gas companies in Republic of Kazakhstan were presented on winner’s award ceremony in Astana.

On February 22, CREON Energy and WWF Russia with the participation of the Ministry of Energy of the Republic of Kazakhstan and in partnership with the United Nations Environment Program in Central Asia (UNEP-CA), CREON Capital and the National Rating Agency presented the results of the first Environmental Responsibility Rating of Oil and Gas companies in Republic of Kazakhstan.

First Environmental Responsibility Rating of Oil & Gas Companies in Kazakhstan — Results Presentation

February 24, 2018

Presentation of the results of the first annual Environmental Responsibility Rating of Oil & Gas Companies in Kazakhstan will take place in Astana on February 22. The rating was organized following the initiative of World Wildlife Fund (WWF) Russia, CREON Group of Companies, and United Nations Environment Program (UNEP), under the auspices of the Ministry of Energy of the Republic of Kazakhstan.

In 2017, oil production in Kazakhstan increased by 8% as compared to the previous year and totaled record 86.2 mln tons, which makes the republic one of the world leaders in terms of production growth. These dynamic changes promote overall regional economic development, but at the same time may result in additional noticeable impact on the environment.

Launch of Environmental Responsibility Rating of Oil & Gas Companies in Kazakhstan is the event of pivotal importance today, as it will promote improvements in ecological risks management quality when it comes to production, transportation and processing of raw hydrocarbons, as well as further decrease negative impact on the environment. In addition to direct nature protection effect, the rating will also become a powerful stimulus for improvement of corporate transparency and cooperation with all interested parties.

The following companies became participants of the first Rating: KazMunayGas, PetroKazakhstan Kumkol Resources (production unit of PetroKazakhstan Inc.), Karachaganak Petroleum Operating B.V., Tengizchevroil LLP, JSC Mangistaumunaigaz, JSC Ozenmunaigaz, CNPC-AMG, JV Kazgermunai LLP, JSC Embamunaigaz, JSC Karazhbasmunai, Buzachi Operating Ltd., SOUTH-OIL LLP, JSC Turgai Petroleum, Kazakhoil-Aktobe LLP, Zhaikmunai LLP, and Maersk Oil Kazakhstan Gmbh.

Rating methodology is the proprietary solution of WWF Russia that was tested and upgraded in Russia in 2017-2017

1st CREON conference on ecological responsibility in Russia a success

December 05, 2017

Premiere in Berlin: For the first time, outside of Russia the CREON Group presented the widely-established rating of environmental responsibility of oil and gas companies. The study, which CREON conducts together with the World Wildlife Fund (WWF) Russia annually since 2013, was presented at the conference «Ecological Responsibility in the Russian Energy Sector» in Hotel Marriott Berlin. Over 80 participants witnessed dynamic debates on the prospects of renewable energies in Russia, the country’s deficits in processing associated gas in oil production, LNG refueling of ships as an environmentally friendly alternative to heavy fuel oil.

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