11:15 - 12.08.2026

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August 12, Fineko/abc.az. The State Oil Company of the Republic of Azerbaijan (SOCAR) has published its 2025 Sustainability Report. The report transparently presents the environmental, social, governance (ESG), and economic performance of SOCAR's operations in Azerbaijan and internationally, in line with global reporting requirements.

The report was prepared in accordance with GRI Standards (including GRI 11: Oil and Gas Sector), the UN Global Compact, SDGs, SASB, and ESRS standards, and received independent assurance from the local branch of "Ernst & Young Holdings (CIS) B.V.".

Key Highlights:

• Emissions Reduction: The implementation of the LDAR program at Azneft PU reduced greenhouse gas emissions by approximately 1 million tons of CO₂ equivalent.

• Green Financing: Issued $200 million in Green Bonds to support renewable energy projects.

• ESG Digitalization: Conducted its first Double Materiality Assessment and launched the unified "ESG Data Platform".

• Social Investment & Human Capital: Total social spend reached 412 million AZN, with over 1 million training hours provided (employee engagement at 84%, satisfaction at 78%).

• Local Procurement: The share of local suppliers in Azerbaijan procurement increased from 82% to 88%.