Climate Change Company Position

In strategic planning of its activities, the Company takes into account factors related to the potential impact of the objectives of the Paris climate agreement on the global balance of primary energy consumption and forecast data on aspects:

• Transition of developed countries to a low-carbon economy and reduced demand for traditional products;
• Improving the fuel efficiency of the fleet;
• Reducing hydrocarbon consumption in the transport sector;
• Development of electric and gas vehicles;
• Development of renewable energy sources;
• Regulatory, financial and other aspects.

The company analyzes a set of factors related to climate change and plans operational efficiency goals, taking into account the reduction of environmental impact.

We consider scenarios related to climate change and carbon footprint reduction, including environmental regulation, when planning oil and gas reserves and production, including expected growth in demand for natural gas, oil refining and petrochemicals, electricity production, technology policy, as well as own energy consumption.

The company is currently setting benchmark targets for reducing greenhouse gas emissions over a 5-year period.

The main activities of the Company in the field of climate in accordance with the requirements of TCFD

We plan to apply international standards of the latest generation of the ISO 14064 Greenhouse Gases series:

• ISO 14064–1:2018 Greenhouse gases — Part 1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals.
• ISO 14064–2:2019 Greenhouse gases — Part 2: Specification with guidance at the project level for quantification, monitoring and reporting of greenhouse gas emission reductions or removal enhancements.
• ISO 14064–3:2019 Greenhouse gases — Part 3: Specification with guidance for the verification and validation of greenhouse gas statements.
 

In assessing the scope of greenhouse gas emissions, the Company adheres to the Corporate Standard for the Accounting and Reporting of the Greenhouse Gas Protocol (GHG Protocol)of the World Business Council for Sustainable Development (WBCSD) and the World Resources Institute (WRI).