On February 22, results of the first environmental responsibility rating for oil and gas companies of Kazakhstan were presented in Astana.
The rating is organized by the World Wildlife Fund (WWF) Russia and the group CREON with the support 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.
In total, the rating included 16 kazakhstani companies whose production of hydrocarbons in 2017 amounted to more than half a million tons. The main criteria for assessing in this rating were: environmental management, environmental impact and disclosure / transparency.
JSC “NC” KazMunayGas ” topped the list of ecological rating for oil and gas companies of Kazakhstan, taking the deserved first place. KazMunayGas strives for continuous improvement of the environmental management system, actively interacts with its stakeholders on environmental issues and publishes information on all environmental aspects on an annual basis, thereby constantly affirming its commitment to openness and responsibility to the society.
As Evgeny Shvarts, Director for Environmental Policy of the World Wide Fund for Nature (WWF) of Russia, mentioned: “It is exactly voluntary mechanisms of environmental responsibility that stimulate social and environmental innovations, openness of activities and create market competitive advantages for business – both in the formation of consumer preferences and in risk assessment by financial institutions “.
The launch of the environmental responsibility rating for oil and gas companies in Kazakhstan plays an important role and will contribute to improving the quality of environmental risk management in the extraction, transportation and processing of hydrocarbons, as well as to reduction negative environmental impacts. The second and third places in this rating were taken by Karachaganak Petroleum Operating B.V. and PetroKazakhstan Kumkol Resources, respectively.