Novatek Sustainability Profile
Novatek, officially known as Novatek PAO, is a leading independent natural gas producer headquartered in Russia. Established in 1994, the company has grown significantly, becoming a key player in the global energy sector, particularly in the exploration, production, and processing of natural gas and liquid hydrocarbons. With major operations in the Yamal-Nenets Autonomous Okrug and the Gydan Peninsula, Novatek is renowned for its innovative approaches to liquefied natural gas (LNG) production, notably through its flagship Yamal LNG project. The company’s commitment to sustainable practices and advanced technologies has positioned it as a market leader, contributing to Russia's status as a top natural gas exporter. Novatek's unique offerings, including its focus on environmentally friendly production methods, have garnered international recognition, solidifying its reputation as a forward-thinking entity in the energy industry.
DitchCarbon Score
How does Novatek's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Natural Gas Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Novatek's score of 18 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Novatek's reported carbon emissions
In 2023, Novatek reported significant carbon emissions, totalling approximately 9,482,000,000 kg CO2e for Scope 1, 173,000,000 kg CO2e for Scope 2, and a substantial 176,397,000,000 kg CO2e for Scope 3 emissions. This reflects a slight increase in Scope 1 emissions from 9,423,000,000 kg CO2e in 2022, while Scope 2 emissions rose from 167,000,000 kg CO2e. Scope 3 emissions also increased from 181,328,000,000 kg CO2e in the previous year. Novatek has set ambitious climate commitments, aiming for a 20% reduction in air pollutant emissions intensity by 2030, based on a 2019 baseline. This target applies to both Scope 1 and Scope 2 emissions, with a goal to achieve an intensity of 0.102 tonnes per million barrels of oil equivalent (mboe). Additionally, the company aims to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by PAO Novatek. The commitment to reducing emissions aligns with industry standards and reflects a proactive approach to addressing climate change.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,571,770 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 181,940 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Novatek's Industry?
How Carbon Intensive is Novatek's Location?
Novatek's Scope 3 Categories Breakdown
Novatek's Scope 3 emissions, which decreased by 3% last year and increased by approximately 2% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 96% of Scope 3 emissions.
Top Scope 3 Categories
Novatek's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Novatek has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
