Aligning with the Group Strategy 2022, we have now stated an interim 2022 target of 560 kg CO2/tonne, replacing our previous 2020 and 2025 targets.”183 “We engage proactively and transparently with governments and other external stakeholders on climate policies and carbon pricing mechanisms. We support the use of carbon pricing as a means to incentivize the uptake of innovative lowcarbon solutions and ensure a level playing field across geographies and among industries. We advocate for stable, fair and consistent policy frameworks. ”184 Statements on Human Rights “Our approach to managing human rights is risk based and fully aligned with the UN Guiding Principles on Business and Human Rights. Our Human Rights Directive outlines our commitment to respecting relevant international standards, including the principles contained within the Universal Declaration on Human Rights, the Organisation for Economic Co-operation and Development’s Guidelines for Multinational Enterprises and the International Labour Organization’s Fundamental Conventions on Labour Standards. Additionally, we participate in the UN Global Compact (UNGC). As an operating principle, we expect our operations to adhere to human rights where we operate. We have developed a Human Rights Management System, categorizing countries into low, medium, or high business risk, using the UN Human Development Index and Freedom House’s Freedom in the World Index. All countries identified as high risk (and countries where an incident has occurred) are required to conduct a full Human Rights Impact Assessment (HRIA), while all other countries must conduct a self-assessment.”185 PJSC “LUKOIL” Statements on Climate Change “LUKOIL recognizes the importance of preventing global climate change and has deep concern for the environment. We are involved in developing a statutory and regulatory framework governing greenhouse gas emissions and plan our operations in accordance with the resulting decisions.”186 “Since 2013, LUKOIL has been participating in the Carbon Disclosure Project (CDP), an international initiative for the disclosure of greenhouse gas emissions. The Company’s 2018 CDP report earned PJSC LUKOIL a “D” score for its commitment to addressing climate change, which corresponds to the average score for Russian companies.”187 “The toughening of carbon regulation rules in various countries, together with changes in the investment strategies of financial market participants, could have Id., p. 23. Id., p. 26. 185 Id., p. 45. 186 Lukoil Oil Co. (2018), A Year of Achievements Unlocking Potential, Creating Value: Annual Report 2018, p. 71, available at http://www.lukoil.com/FileSystem/9/342639.pdf (last accessed on 17 September 2019). 187 Id., p. 72. 183 184 Annex D: Corporate Statements on Climate Change and Human Rights | 47