Conclusion

LUKOIL, as a leading company on the Russian market and a participant in the global supply chain, supports the efforts of the global community to limit increases in average annual temperature as a result of climate change caused by human activities. We see climate change as a challenge for all of us and we take the relevant risks and opportunities seriously. In 2019 the Company took comprehensive steps to better organize our activities in this area and to adopt a more systematic and strategic approach.

We are fully supportive of the United Nations 2030 Agenda for Sustainable Development. The Company recognizes that the goals outlined in this document are of vital importance for ensuring a prosperous future for the human society. Furthermore, greater efforts are required to ensure that the positive changes being made in support of a number of goals are sustainable. Therefore, we continue to implement programs aimed at both improving the operational performance of our enterprises and ensuring the wellbeing of the people living in the regions where we operate.

We have identified 11 global goals and 15 targets which we consider to be the most relevant to our operations and to which we are able to contribute. We achieved good success in 2019, but much remains to be done.

LUKOIL will continue to inform our stakeholders — government authorities, non-government organizations, local communities, shareholders, and investors — about the measures we take and the results we achieve in our annual sustainability reports.

We welcome feedback on the information published. We try to take into account all the questions and suggestions we receive, and to make changes in the data collection and analysis system as required in order to improve the quality of our reporting.

Conclusion