PAO Sovcomflot 2020 AR2
The report highlights Sovcomflot's operational and financial performance for the fiscal year 2020, emphasizing its strategic focus on expanding its industrial business and sustainable development. Despite challenges from the COVID-19 pandemic, the company achieved record financial results, including a net profit of USD 266.9 million and a 6.7% increase in time-charter equivalent revenues. Sovcomflot continued to expand its green fleet, notably through the use of LNG fuel, which contributed to a 9.7% reduction in CO2 emissions. The company also successfully completed an initial public offering on the Moscow Exchange, raising RUB 37.4 billion to support future growth in liquefied gas transportation and offshore projects.
Company: PAO Sovcomflot
Sector: Transport & logistics
Country: Russia
Year: 2020
Type: AR2
Pages: 86
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PAO Sovcomflot
Annual Report
The report highlights Sovcomflot's operational and financial performance for the fiscal year 2020, emphasizing its strategic focus on expanding its industrial business and sustainable development. Despite challenges from the COVID-19 pandemic, the company achieved record financial results, including a net profit of USD 266.9 million and a 6.7% increase in time-charter equivalent revenues. Sovcomflot continued to expand its green fleet, notably through the use of LNG fuel, which contributed to a 9.7% reduction in CO2 emissions. The company also successfully completed an initial public offering on the Moscow Exchange, raising RUB 37.4 billion to support future growth in liquefied gas transportation and offshore projects.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Apr 14, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Energy Consumption
Total Waste
Employees