Irkutsk Oil Company was included in Russia’s top five environmentally responsible oil companies by the “Common Sense” project on December 9th, 2014. The project is organized by the World Wildlife Fund (WWF) and the Creon group with the participation of National Rating Agency.
Irkutsk Oil Company landed fifth in the ranking among 19 leading Russian oil and gas companies. The companies were compared using 28 measures in categories such as environmental management, environmental impact, information disclosure, and transparency.
The first place by average score was taken by Surgutneftegas (1.6164 points), second place – Sakhalin Energy Investment Company Ltd (1.5253 points), third place –Gazprom (1.3545 points), fourth place – Tatneft (1.1287 points), and fifth place – Irkutsk Oil Company, LLC (1.1106 points). It is fair to note that the Irkutsk Oil Company was recognized as the third best company for environmental impact.
According to the organizers of project, the purpose of this rating is to promote effective use of hydrocarbon resources, environmental protection, and socially responsible management of business in Russia. Participation in the event is a significant motivation for companies to increase transparency and stakeholder engagement. Results of the rating will help companies’ counterparts and third-party financial institutions to make decisions based on objective comparison and evaluation of environmental and social responsibility.
Irkutsk Oil Company and all of its subsidiaries have implemented an integrated management system (IMS) in 2013, which includes a management system under ISO 14001: 2004 + Cor 1: 2009 standards and occupational safety and personnel health under OHSAS 18001: 2007. Implementation of this system was certified by DQS Holding GmbH, a world leader in the certification industrial enterprises.