FTSE4Good Index reconfirms NOVATEK
PAO NOVATEK today announced that the FTSE Russell rating agency reconfirms again that NOVATEK remains a constituent of the FTSE4Good Index following their June 2019 index review.
The FTSE4Good Index Series is designed to identify companies that demonstrate strong Environmental, Social and Governance (ESG) practices measured against globally recognized standards. FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.
“As a global leader in supplying clean burning energy to industries and residential consumers, NOVATEK provides high quality, timely and reliable information to all of our stakeholders to demonstrate how sustainability is at the core of our corporate strategy,” noted Mark Gyetvay, Deputy Chairman of the Management Board. “We take sustainable development seriously in our day-to-day actions consistent with relevant environmental standards, industry best practices and evolving global initiatives, and are pleased again that the FTSE Russell rating agency recognizes our ESG efforts and progress amid growing environmental awareness of global investors”.
PAO NOVATEK is 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”.
