RESULTS OF THE FIRST RATING OF ENVIRONMENTAL REPORTING FOR OIL AND GAS COMPANIES OF KAZAKHSTAN ARE SUMMED UP
“We see that the regular work on determining the availability of information in the oil and gas sector positively affects the environmental responsibility of subsoil users. In our country, the rating was carried out for the first time and we hope that this work will become a traditional assessment of the openness of companies and it will enhance the effect of the measures taken by oil and gas companies to improve the environmental situation in our country,” said Deputy Energy Minister RK Gani Sadibekov, speaking at the presentation of the first rating of environmental reporting of oil and gas companies in Kazakhstan.
This rating is based on the data available in public space on the activities of companies in Kazakhstan. This principle is a logical continuation of the thesis on the conduct of socially responsible business. The rating showed that domestic oil and gas companies demonstrate a fairly high level of information openness in matters related to environmental responsibility.
“Four years back Creon Group offered together with WWF an absolutely new initiative - to evaluate oil and gas companies not only in terms of profit or production volume, but also in terms of the level of environmental impact. We gladly transfer our experience to the international level,” said General Director of Creon Group Sanjar Turgunov.
The basis for the pilot project of the environmental rating of oil and gas companies in Kazakhstan was objective and comparable information on the level of environmental openness of 16 companies and the scale of their environmental impact.
The companies actively cooperated in the issues of disclosure of data, and the project became a real incentive for increasing the transparency of enterprises.
“The transition to “a green economy” is impossible without the efforts of all parties: the state, the private sector, the public. It is gratifying to realize that in the case of Kazakhstan, we can demonstrate this pooling of forces and understanding the importance of achieving environmental goals, including in the context of the global sustainable development goals adopted in 2015,” said Natalia Alekseeva, head of the UNEP office for Central Asia.
In total, the sample of the first rating included 16 leading companies in terms of oil and natural gas production. The main players were compared in the following criteria: environmental management, environmental impact and disclosure / transparency.
As a result of the calculations, the rating of 2017 was headed by JSC NC “KazMunayGas”, followed by “Karachaganak Petroleum Operating B.V.”, and “PetroKazakhstan Kumkol Resources” (production unit “PetroKazakhstan Inc.”) on the third place.
“It is the voluntary mechanisms of environmental responsibility that stimulate social and environmental innovations, openness of activity and create market competitive advantages for business - both in the formation of consumer preferences and in the risk assessment of financial institutions,” said Evgeny Schvarts, Director of Conservation Policy at the World Wide Fund (WWF).
The launch of rating for environmental reporting for oil and gas companies in Kazakhstan plays an important role and it 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 rating is calculated based on the original methodology developed by WWF and approved in Russia in 2014-2017.