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PAO Novatek (NVTK)

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Tuesday 16 April, 2019

PAO Novatek

NOVATEK Wins the Sustainability Impact Award

RNS Number : 3375W
PAO Novatek
16 April 2019





NOVATEK Wins the Sustainability Impact Assessment Award


Moscow, 16 April 2019. PAO NOVATEK ("NOVATEK" and/or the "Company") was announced as the winner of the "Change Management. Visionaries." award. The Company's Sustainability Report was recognized as the winner in the category "Disclosure of Information on Corporate Governance".


"Sustainable development is integral to our corporate strategy and a cornerstone of a successful, responsible business conduct," noted NOVATEK's Deputy Chairman of the Management Board Mark Gyetvay. "Each year we strive to improve the quality and quantity of information disclosed in our sustainability reports in line with the best international practices. We are one of the major players in the global LNG market, and we are fully committed to maintaining the highest standards in corporate governance and transparency".




"Change Management. Visionaries." is Russia's first-ever professional award in sustainability impact assessment. Its main goal is to promote the implementation of impact-oriented approaches in social and environmental decision-making.





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PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global gas market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company's upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world's largest natural gas producing area and accounts for approximately 80% of Russia's natural gas production and approximately 15% of the world's gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company's shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol "NVTK".

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