Late in 2021 Rosneft Board of Directors approved the "Rosneft-2030: reliable energy and global energy transition" strategy. The key priorities of the new strategy are carbon footprint reduction, operational leadership and efficiency improvement.

The key goal of Rosneft long term development strategy is to achieve net carbon emission neutrality by 2050 for Scope 1 and Scope 2. Thus Rosneft has become the first company in the domestic oil and gas industry to set such strategic goal.

The Rosneft-2030 strategy defines the short- and medium-term horizons of the climate agenda: to reduce by 2025 absolute greenhouse gas emissions by 5%; to reduce by 2030 methane emissions to below 0.2%; achieve zero routine flaring of associated petroleum gas; reduce specific greenhouse gas emissions in the upstream segment to below 20 kg СО2/boe; to reduce absolute greenhouse gas emissions by more than 25% by 2035.

Carbon neutrality is the basis for Rosneft's strategic vision: to remain a reliable producer while minimizing the impact on the climate and the environment. This goal is to be achieved through measures to reduce emissions, use of low-carbon generation, development of energy-saving technologies, carbon capture and storage technologies, use of natural absorption potential as well as some other.

At the same time, the Rosneft-2030 strategy defines directions for the Company's development in all business segments: retain leadership in unit production costs, increase the share of gas in total production up to 25%, raise payments to Rosneft shareholders and increase profitability, implement actively circular economy principles, apply biodiversity preservation approaches, etc.