KazMunayGas Tops Environmental Transparency Rating List for 5th Year in a Row
The World Wildlife Fund (WWF), Creon Group and АКРА rating agencies have presented the results of the Eurasian Environmental Transparency Rating of Oil and Gas Companies – 2021 assignment. The on-line presentation of the rating exercise results was held on 30 November 2021 in the TASS press centre. The rating list comprises 22 Russian oil and gas companies, as well as 14 businesses from Kazakhstan, and two – from Azerbaijan.
Among the Kazakh companies, KazMunayGas is at the head of the rankings for the fifth year in a row, Karachaganak Petroleum Operating ranks number two, and North Caspian Operating Company - number three.
“KMG continues on the path of an environmentally-responsible business, it is developing the environmental protection management system, and carrying on the dialogue with all stakeholders on this matter. In doing so, it fulfills its obligations to provide for open communications, awareness and regular reporting to the stakeholders about the important environmental aspects of the Company's operations”, - Kairat Saktaganov, Director of the Environmental Protection Department, JSC NC "KazMunayGas", noted.
“The rating results over many years show high environmental transparency level of a whole number of petroleum companies. This indicates their more than adequate preparation for decarbonization of the Eurasian economy, which will not be possible without their involvement”, - said Fares Kilzie, co-founder of the rating and Chairman of Creon Group.
About the rating
The Common Sense project with an independent environmental transparency rating of oil and gas companies was initiated in Kazakhstan in 2017 by Creon Group and WWF Russia. The rating is partnered by ACRA RM rating agency. Long-term objectives of the project include development of the environmental transparency of oil-and-gas sector in the Eurasian space and assisting it during the transition to a sustainable development model with account of the ESG (Environment Social Governance) factors. The rating studies the environmental transparency of oil and gas companies with over 0.5 mn tons of oil and gas condensate extraction annually.