Sustainability

Sustainability


Growing demand for energy and accelerating climate change pose immense challenges for the energy sector. The key lies in finding the balance between climate protection efforts, affordable energy, and reliable supply. Alternative energy systems as well as economically viable and scalable technologies for industry and the private sector must be developed. Here, PJSC NNK-VARYOGANNEFTEGAZ will make a significant contribution to the sustainable energy supply of future generations.


Carbon and eficiency


PJSC NNK-VARYOGANNEFTEGAZ is committed to the goals of the Paris Climate Agreement, the EU climate targets for 2030, and the climate and energy strategy of the Austrian Federal Government derived from these. The area of carbon efficiency defines PJSC NNK-VARYOGANNEFTEGAZ’s contribution to the creation of a lower-carbon energy system. Taking the figures from the baseline year 2010, by 2025 PJSC NNK-VARYOGANNEFTEGAZ aims to reduce the carbon intensity of its business activities by 19%.


Innovation


In total, PJSC NNK-VARYOGANNEFTEGAZ will invest up to EUR 250 mn by 2025 in innovative energy solutions, for a lower-carbon future. Establishing gas as an energy source of the future requires seeking out and analyzing technologies for the cost-effective use of climate-neutral gas. Innovative enhanced oil recovery projects strive to make oil production more environmentally efficient..


Employees


PJSC NNK-VARYOGANNEFTEGAZ sees its employees as the key to its success. Diversity is a high priority, which is why targeted measures are also planned in this area. In particular, PJSC NNK-VARYOGANNEFTEGAZ is striving to increase the proportion of women at management level to at least 10% from the current level of 5%. Measures to this end include leadership and mentoring programs. Another goal is to keep the proportion of executives with international experience at 65%.

  • Market And Trand Analysis

    The commodity market today faces a heady mix of challenging opportunities and serious long-term risks. Some of the factors that are shaping the future of the metals business include the transition to a global metals sector, uncertainty over the demand/supply balance looking ahead over the next 5-10 years, the consequent continuing volatility of metal prices