Climate and global energy system change

The Company shares the global concern about the climate change, is aware of the possible threats of natural disasters, risks to human life and health, ecosystem damage, significant damage to biodiversity of the animals and plants of the planet, and other consequences of climate change.

The Company takes into account the fact of formation by energy companies in the course of their production activities of a significant amount of greenhouse gas emissions that can affect the climate and create climate risks.

The problem of the relationship between global warming and emissions of greenhouse gases into the atmosphere in the global scientific community is debatable. The Strategic Global Climate Care Partnership, jointly implemented by the United Nations Global Compact, the secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) and the United Nations Environment Program (UNEP) is based on the position that global warming is associated with industrialization and industrial production growth. The European Union countries have defined targets for reducing greenhouse gas emissions by at least 20% by 2020, mainly due to the transition from fossil fuel-based energy production to renewable energy.