... will also fall. Consumption-wise, the new normal will force corporations to refocus on the production of biofuels, invest in new greenfield projects, modernise existing refineries and shut down inefficient capacity. Ksenia Karetina’s talk Sustainable development at SIBUR Right now, the Russian petrochemical industry’s agenda is dominated by the expectation of a widespread rollout of a carbon tax. Maxim Remchukov, Sustainable Development Director at SIBUR, went into more detail about ...

Christoph Roehrig, Head of BASF in Russia and CIS, talks about how the global chemicals giant and SIBUR are joining forces for their sustainable development, both now and in the future. How is collaboration between BASF and SIBUR developing? I believe that the relationship between BASF and SIBUR has become a model partnership on the Russian market. We have been working on strengthening ...

... Responsible Care. Our work with the International Council of Chemical Associations is important for building cooperation and exchanging views on the key issues facing the evolution of chemistry and its most important sub-sectors. I’ll tell you this: sustainable development is one of the most important topics of discussion with them. Also, both the Union and its constituent companies enthusiastically participate in global scientific communication events, technology sessions, as well as open forums ...

... Conduct defines the corporate social responsibility requirements of SIBUR LLC, the enterprises under PJSC SIBUR Holding, as well as organisations with which SIBUR enters into business relationships. For the Company, this is one of the elements of our sustainable development strategy. This document underlines the fact that the Company values its reputation and strives to strengthen the level of trust it receives from the business community. SIBUR is only prepared to work with counterparties that have ...

Head of Environment Galina Khristoforova spoke about introducing a sustainability strategy at the Company. In February 2020, the Vedomosti business daily held its second Sustainable Development and ESG Indices annual conference. The event played host to representatives from industry regulators, managers of relevant departments, top management of major companies, as well as consultants and analysts. During the ...

The event’s special focus was on the Company’s initiatives in engaging its partners on sustainability agenda. In September 2020, SIBUR’s 4th annual Supplier Day took place, attended by about 200 people and more than 100 of SIBUR’s strategic partner companies. The key topics of the meeting included managing operations in a COVID-19 environment, procurement automation, digitisation of partnerships and our relationships with suppliers in the context of SIBUR’s sustainability strategy. “At...

... Report 2019. The report, presented to investors and the public, underlines that our key performance indicators are in line with SIBUR’s 2025 Sustainability Strategy. Last year, SIBUR joined the UN Global Compact, which was approved in 2015 and set sustainable development goals. The Company has formulated its own five sustainability principles: responsible business practices, environmental protection, society and partnerships, sustainable product portfolio, and reducing climate impact. For the first ...

... that would incorporate recycled feedstock. “Plastic is a product that is almost fully recyclable. So, a stronger focus on recycling rather than phasing out plastics altogether is the key to building a circular economy,” commented Maxim Remchukov, Sustainable Development Director at SIBUR.

... products, producing virgin plastic in processes using oil as a feedstock is far cheaper. The pandemic, coupled with the oil price collapse and a global economic slowdown, challenges the world’s stated desire for investments to keep pace with the UN Sustainable Development Goals (SDG) and the aspiration of a circular economy. However, it has not reduced the need for investments in and awareness of novel and transformative approaches to advanced chemical recycling to manage the high volumes of mixed,...

Dmitry Konov provides insight into SIBUR’s environmental strategy at the Startup Village LiveStream ’20 online conference. Dmitry Konov, Chairman of SIBUR's Management Board, took part in the eighth annual international Startup Village LiveStream technology conference organised by the Skolkovo Foundation. The digital format of the event helped bring together a wide range of international experts, investors and startup businesses even with the pandemic restrictions in place. During the discussion...

SIBUR and BASF signed an agreement to establish cooperation in sustainable development. At the end of 2019, during a meeting at SIBUR's PolyLab R&D Centre, SIBUR and BASF signed a Memorandum of Understanding (MOU) formalising their partnership in the sustainable development and circular economy agenda further ...

SIBUR’s Board of Directors has approved the 2025 Sustainable Development Strategy. The Strategy identifies five key focus areas: Responsible Business, Environment, Society and Partnership, Sustainable Product Portfolio, and Climate Impact Mitigation. SIBUR intends to annually reduce LTIF (Lost ...

... sustainability standards are reshaping the global financial and investment landscape. Investors are increasingly shifting to a responsibility-based approach when considering potential targets for investment. As a result, companies with a transparent sustainable development programme end up attracting most of socially responsible investments. Why do companies and investors pay so much attention to ESG factors? According to PwC surveys in 2016–2018, some 73% of investors consider ...

... elaborated on the environmental topic. With its position at the cutting edge of technology, the petrochemical industry must be the first to adopt the principles of sustainability, circular economy, and plastic waste recycling. In December, SIBUR approved a sustainable development strategy that meets all the applicable HSE, product range sustainability, recycling development and social responsibility requirements. Importantly enough, the strategy focuses on enhancing polymer recycling and increasing the ...

Circular economy as a sustainable development vector. Basic principles and models of circular economy Waste management is a lingering problem which has been gaining in importance in recent years. Coupled with gradually dwindling primary resources and accelerating consumer ...