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Transneft Among Climate Conservation Leaders

Date of publication: 24 December 2021

Transneft ranks second in the carbon footprint of Russia’s biggest companies rating, compiled for the first time by the AK&M rating agency.

The source of information was the sustainability reports of companies for 2020 and consolidated financial statements. 

The rating includes companies from the sectors leaving a significant carbon footprint and having tangible impact on the planet’s climate. The list features 35 companies disclosing their greenhouse gas emissions. The considered sectors were: non-ferrous metallurgy and mining, ferrous metallurgy, energy, oil and gas production, chemicals, pulp and paper, agro-industrial complex, transport.

The rating is based on the company’s rankings by specific greenhouse gas emissions and shows how much greenhouse gas is emitted into the atmosphere to generate the value of RUB 1 million. It is calculated as the ratio of direct greenhouse gas emissions per year to annual consolidated revenues.

Rosatom became the best climate conservation company. Its production processes are accompanied by minimum greenhouse gas emissions.

According to the AK&M's rating, Transneft ranks second in the overall rankings with a ratio of specific greenhouse gas emissions to RUB 1 million of revenue standing at 0.36, down 11.7% against 2019. However, Transneft ranks first among the FES companies, as reported by the Agency. The Company is also a climate conservation leader in the Transport sector.

The Cherkizovo agro-holding is also in the TOP-3.

AK&M considers only direct emissions of carbon gases. There is no uniform technique for determining indirect emissions in Russia, and only a few major companies keep records and publish their data on indirect emissions, the Agency notes.

The national companies included in the rating are responsible for about 30% of the entire carbon footprint left by the country. The amount of emissions reflected in the greenhouse gas rankings totals to 620 million tonnes of CO2 equivalent in 2020 and 673 million tonnes in 2019. Of the sectors responsible for climate change, the lowest specific emissions come from agriculture, transport, oil-and-gas sectors. Energy is responsible for the highest impact. In absolute terms, the largest contributors to the negative climate impact are the chemical industry, ferrous metallurgy and energy.

Leaders of the carbon footprint rating

Source: AK&M agency

Source: AK&M agency

Source: AK&M agency

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