MOSCOW, RUSSIA – Media OutReach – August 22, 2023 – SIBUR has reached its first agreement to sell carbon offsets produced under a climate project to ZapSibNeftekhim. This agreement has enabled QIWI, a leading provider of next-generation payment and financial services, to fully offset its 2022 GHG emissions (Scope 1 and 2).
The sale and redemption of the carbon units was carried out using the green digital platform based on blockchain technology, which ensures a high level of transparency, traceability and immutability of data throughout the life cycle of the climate project.
ZapSibNeftekhim’s climate project is ISO 14064-2:2019 compliant, as confirmed by Verico SCE, Europe’s leading validation and verification body. Carbon units acquired through the project are listed on the distributed ledger and made available to buyers around the world, allowing companies and individuals to offset their carbon footprint.
Mikhail Karisalov, CEO and Chairman of the Board of SIBUR:
“The first carbon offset agreement is a major milestone for both SIBUR and the market. Having walked our path from the implementation and international certification of our technology climate project to the conclusion of a blockchain sale with a maximum transparency, we have gained invaluable experience and are all ready to continue this initiative.”
Andrey Protopopov, CEO of QIWI: “QIWI is fully aware of the severity and scale of global climate change, which is why carbon footprint management is high on its 2025 sustainability strategy. We are pleased to report that, thanks to the cooperation with SIBUR, we succeeded in fully offsetting the direct and indirect greenhouse gas emissions of QIWI in 2022. We believe it is important to support the development of voluntary carbon markets, which play a role of increasingly important in the decarbonization of the global economy.QIWI plans to continue working on new environmental initiatives and projects based on disruptive technologies.
Elizaveta Romanova, CEO of Vechny Gorod:
“Our company operates the green digital platform Evercity, intended to structure climate projects in line with international standards and to attract carbon finance. The platform’s carbon register, developed on the basis of the public blockchain Polkadot, contains information on climate projects, as well as on the issuance, transfer and reimbursement of emission reduction units resulting from them. Using a public blockchain increases transparency and trust in project results while ensuring that data is immutable and accessible to all stakeholders.”
SIBUR’s climate goals are reflected in its 2025 Sustainability Strategy. To achieve this, the Company implements a wide range of decarbonization measures, which are regularly updated. In 2022, SIBUR reduced the specific GHG emissions in Gas Processing and Petrochemicals by 20% and 5% respectively, and multiplied by six the share of green energies in its energy mix compared to 2021. We obtained the international certification of the ZapSibNeftekhim climate project confirming the reduction of GHG emissions totaling approximately 3 million tonnes of CO2 eq. The climate project implemented at SIBUR-Khimprom in Perm is the first project of the company to be registered in the Russian register of carbon units. Additionally, SIBUR launched the Green Formula – NBS climate initiative in 2022 and planted more than 2 million trees under it.
For reference:
dragonfly is Russia’s largest integrated petrochemical company and one of the fastest growing companies in the global petrochemical industry. The company’s unique vertically integrated business model enables it to create highly competitive products consumed in the chemical, fast moving consumer goods (FMCG), automotive, construction, energy and industrial industries. other industries around the world. The key document outlining the priority areas of our ESG program is the
Sustainable Development Strategy 2025.
QIWI is a leading provider of advanced payment and financial services. It is at the forefront of fintech innovations to facilitate and secure the digitization of payments. QIWI offers a wide range of products in different categories: QIWI financial and payment services ecosystem for B2B and B2C customers, ROWI digital structured finance products for SMEs, digital marketing via RealWeb and Flocktory, and several other projects.
Green digital platform is a green and carbon bond issuance platform designed to improve the efficiency and transparency of sustainable finance. It provides a single project management engine that brings key stakeholders together, reducing time and issue costs by 70%. Automation and integration of global standards make green debt issuance more accessible. The use of blockchain and digital monitoring tools increases data transparency and builds trust for all stakeholders involved.
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The issuer is solely responsible for the content of this announcement.
