Introduction
Given that preservation of the environment stands as a top priority for SOCAR, our primary objective is to combat climate change and efficiently mitigate adverse environmental impacts. In order to successfully fulfill the commitments, the Management and the Supervisory Board, within their authority, facilitate decision making while the implementation of the goals is monitored by the Vice President of Energy Transition, Environment and Decarbonization (ETED) segment as well as the team of the segment.
The following commitments of the Statement apply to all entities included in SOCAR structure our business partners, contractors and suppliers.
SOCAR’s Statement on Environmental Protection Goals
In accordance with Azerbaijan 2030: National Priorities for Socio-Economic Development approved by the Decree of the President of the Republic of Azerbaijan dated February 2, 2021, SOCAR's Corporate Strategy 2035, the requirements of local and international legislation, as well as the international commitments undertaken by our country and SOCAR, our main goals are as follows:
• Accelerate implementation of large-scale projects and the transition to green energy by actively partnering with global companies.
• Optimize the use of resources by applying the most recent energy-saving technologies, projects, as well as international practices while opting for energy efficiency as the main direction.
• Effectively achieve our decarbonization targets to reach Net Zero emissions in our operations by 2050.
• Develop an Environmental Management System in accordance with ISO standards in environmental conservation field, as well as carry out its continuous monitoring and audit.
• Implement effective measures for rigorous resource management while supporting maximum efficiency and sustainability in our processes.
• Predict and prevent negative environmental impacts that may occur as a result of Company’s activities, support biodiversity, habitat restoration and protect vulnerable ecosystems.
• Implement necessary measures to minimize the discharge of pollutants into the environment.
• Identify and mitigate climate change risks in more efficient ways by continuing to invest in innovative technologies and solutions to enhance emergency response and prevention.
• Modernize existing infrastructure with a focus on green technologies to ensure sustainable shift towards better practices.
• Strengthen existing relationships with stakeholders, including governmental agencies, local communities, non-governmental organizations, international organizations and industry partners to foster transparent dialogue and cooperation on environmental issues.
• Secure supervision of the achievement of the goals outlined in the Statement, assign responsible manager to verify compliance with environmental laws, and ensure individual responsibility for accident prevention and conservation of the environment at all levels, as well as meet stakeholder expectations.
• Ensure transparency and accountability in environmental reporting and project implementation to create an accurate understanding of sustainable development initiatives at SOCAR, including the application of Environmental, Social, and Governance (ESG) principles.
• Regularly conduct relevant trainings on the environmental impact of operations to create a clear understanding among employees.
• Implement measures aimed at raising awareness regarding environmental management and its impacts among both internal and external stakeholders