In 2021, the largest Russian companies increased greenhouse gas emissions by 8.5%

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AK&M 29 September 2022 17:50

In 2021, the largest Russian companies increased greenhouse gas emissions by 8.5%. Such conclusions follow from the carbon footprint rating conducted by the AK&M Rating Agency.

Thus, the 30 largest companies participating in the rating of the carbon footprint of the AK&M Rating Agency for 2021 increased their emissions of direct greenhouse gases by 8.5%. The most significant growth was shown by the mining and non-ferrous metallurgy industry, as well as transport, which increased emissions by an average of 13%.

Among the companies, the largest growth was observed in Aeroflot and Transcontainer – 32 and 28%, respectively, which was a consequence of the gradual recovery of transportation after covid restrictions. Greenhouse gas emissions in SUEK have increased significantly – 23.7%. The growth was caused by the expansion of the energy business and the inclusion in the reporting of indicators of power plants acquired by the company in 2020.

The carbon footprint rating of the largest Russian companies has been prepared by the AK&M Rating Agency, and is calculated for the second year.

The rating includes companies that claim to follow the principles of sustainable development and disclose ESG information in their reports.

The evaluation list includes 31 companies with the best practices of sustainable development.

The rating is based on the ranking of the indicator of specific greenhouse gas emissions by companies and for each company shows how many greenhouse gases enter the atmosphere during production at a cost of 1 million rubles. It is calculated as the ratio of the volume of direct greenhouse gas emissions for the year to the annual consolidated revenue.

Only direct emissions of carbon-containing gases are taken into account. Companies are ranked according to the increasing indicator of specific greenhouse gas emissions, - the lower the indicator, the higher positions the company occupies in the rating.

The source of information is the public statements of companies in the field of sustainable development and the consolidated financial statements for 2021.

The leaders of the rating according to the results of 2021:

Ferrous metallurgy – Metalloinvest, NLMK, Severstal.

Non–ferrous metallurgy and mining - Polymetal, Polyus, Norilsk Nickel.

Power engineering – OGK-2, Enel, Unipro.

Power grids - Rosseti Lenenergo, Rosseti Center and Volga Region, Rosseti Center.

Chemistry and petrochemistry – Uralkali, Phosagro.

Oil and gas industry – Lukoil, Tatneft, Rosneft.

Transport – Transcontainer, FPC, Russian Railways.

Communications and information technologies – VK, Vimpelcom, MTS.

The leaders among the largest holdings are Vimpelcom, MTS, Rosseti.

The full results of the rating can be found on the website of the AK&M Rating Agency.

The carbon footprint rating has been published by the AK&M Rating Agency since 2021.

The calculation methodology can be found on the website of the AK&M Rating Agency.