Business Daily Media

SIBUR takes part in COP29 business programme

MOSCOW, RUSSIA - Media OutReach Newswire - 13 November 2024 - SIBUR, Russia's largest producer of polymers and rubber, participated in the business programme at the UN's Climate Change Conference (COP29), which is taking place in Azerbaijan, where it shared its experience in incorporating high-tech solutions, implementing climate projects and trading carbon credits, dealing with ecosystem risks and developing a circular economy.



During a discussion at Russia's COP29 pavilion, SIBUR representatives highlighted that in 2019 the company was one of the first in Russia to adopt a sustainability strategy.

The company is on track to meet the targets set out in the strategy through the end of 2024. Notably, it has reduced greenhouse gas emissions by 5% in the Gas Processing segment and by 15% in the Petrochemicals segment ahead of schedule. In addition, the company plans to transition to 100% renewable energy at its SIBUR-PETF production site, making the facility carbon-neutral by 2025.

To date, the company has completed eight climate initiatives at its plants, resulting in a total reduction of 10.8 million tonnes of CO₂-equivalent emissions over the last decade and generating over 3.3 million verified carbon credits that are available for trading in both Russian and international markets.

SIBUR has already completed no fewer than 15 carbon credit transactions, enabling its customers and partners to reduce or fully offset the carbon footprint of their operations, products or events.

One source of SIBUR's carbon credits stems from forestry-based climate initiatives. For example, the company completed a large-scale programme this year to plant 5 million trees to capture CO2 in its regions of operations.

Future initiatives under consideration include the re-watering of bogs at former peat extraction sites in order to prevent forest fires and restore wetlands, which are natural CO2 sinks.

SIBUR also plans to offset the Russian delegation's COP29 carbon footprint, making it the first carbon-neutral delegation in the conference's history. The offset will be achieved using carbon credits generated from a climate initiative aimed at improving energy efficiency at SIBUR-Neftekhim. The credits will be debited from the company's account in the Russian Carbon Units Registry.

The carbon footprint will be calculated by Kept, and TÜV AUSTRIA Standards & Compliance will verify the carbon-neutrality statement.
Hashtag: #SIBUR

The issuer is solely responsible for the content of this announcement.

News from Asia

"Blessed Xizang, Loving Shannan": The Cultural Tourism & Investment Promotion Event for Shannan City, Xizang Autonomous Region, China Successfully Held In Thailand

BANGKOK, THAILAND - Media OutReach Newswire - 21 November 2024 - On November 18, 2024, "Blessed Xizang, Loving Shannan": The Cultural Tourism & Investment Promotion Event (Thailand) for Shanna...

Aon appoints Magnus Roe as Global Chief Data and Analytics Officer Based in Singapore

SINGAPORE - Media OutReach Newswire - 21 November 2024 - Aon plc (NYSE: AON), a leading global professional services firm, today appointed Magnus Roe as global chief data and analytics officer...

OPPO Launches Find X8 Series Globally, Marking Steady Progress in Globalization

OPPO Find X8 and Find X8 Pro launched in global markets Overseas markets have become the growth engine for OPPO, contributing approximately 60% of its total shipments OP...

Lexus Asia Celebrates Celebrity Chef Alvin Leung's Protégé in The Maverick Academy

SINGAPORE - Media OutReach Newswire - 21 November 2024 – Lexus Asia celebrates Chef Yuda Bustara, the inaugural winner of The Maverick Academy, an innovative culinary competition series hosted by ...

Arrow Electronics Fuels SAVART Motors’ EV Manufacturing Expansion in Indonesia

Boosting engineering and supply chain capabilities to drive sustainable e-mobility JAKARTA, INDONESIA - Media OutReach Newswire - 20 November 2024 - Global technology solutions provider Arrow Ele...

Correcting and Replacing: Cake digital bank launches its fully cloud-based card management system using Visa solutions, the first of such deployment in Vietnam

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 15 November 2024 – Cake by VPBank (Cake), Vietnam's largest digital bank by user base, revenue and product variety, announced the launch of it...

Black Friday Savings: Kling AI Offers 50% Off and Free Feature Upgrades

BEIJING, CHINA - Media OutReach Newswire - 21 November 2024 - On November 11th, Kling AI, a trailblazer in AI-powered image and video generation, has announced sweeping upgrades to its user plans ...

Breaking Learning Barriers: Kumon Launches Kumon Connect, Redefining Educational Experiences

New Students Enrolling in December Courses Enjoy Exclusive Double Rewards HONG KONG SAR - Media OutReach Newswire - 21 November 2024 - The Kumon Method was first established in Japan in 1958 and h...

OPPO Elevates ColorOS 15 with Microsoft’s Advanced AI Productivity Features

SHENZHEN, CHINA - Media OutReach Newswire - 21 November 2024 - OPPO has strengthened its cooperation with Microsoft to deliver advanced AI productivity features to ColorOS 15, OPPO's next-generati...

OPPO Find X8 and Find X8 Pro Launches Globally with Ultra-Grade Hasselblad Cameras, Next-Gen Performance and ColorOS 15

OPPO Find X8 and Find X8 Pro launched in global markets Find X8 Series delivers ultra-grade cameras, performance and battery life ColorOS 15 debuts on Find X8 Series wit...

The top reasons why gyms fail

Steve Grant is a Business Coach and Founder of GymHub.com.au   Every month thousands of new trainers walk out of their 6-month course with the qu...

Business Training

What to Consider When Searching For a New Office Space

Plenty of signs can indicate that your current office space is not fit for purpose. You might have grown your business, downsized it, or realized ...

Business Training

Dorry Kordahi Has Pivoted His Business To Survive COVID-19

From Corporate Merchandise to Hand Sanitiser Entrepreneur Dorry Kordahi has pivoted his business in the midst of the global pandemic to produce an...

Business Training

9 Ways To Get The Most Out Of Your Staff

Whatever the sector, research continually proves there’s a direct link between staff productivity and company profitability. There’s no denying that...

Business Training

The Rising $10,000 Problem for Queensland Homeowners

When it comes to termites, sharing a home with thousands of invasive creepy crawlies isn’t a Queensland homeowner’s only worry. A recent report rele...

Property

Tips For Choosing The Ideal Coffee Table For Your Living Room

In recent years, coffee tables have gained popularity in home decor, thanks to their versatility and stylish appeal. Available in a wide range of ...

Property