SOCAR

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Sustainability Summary

  • This is an unclaimed profile. SOCAR has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
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SOCAR Sustainability Profile

SOCAR is not currently tracking sustainability.

Sustainability Summary

  • This is an unclaimed profile. SOCAR has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.
Powered by Tracker AI BETA; there may be errors 
SOCAR is the State Oil Company of the Azerbaijan Republic, providing economic, social, and environmental benefits globally through strategic cooperations. The company recognizes the importance of economic performance alongside environmental and social initiatives. SOCAR has established comprehensive sustainability reporting frameworks and received its first ESG rating from Sustainable Fitch in November 2025, with an entity score of 41.

About SOCAR

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SOCAR Sustainability Actions

Established ETED and AGMR projects

SOCAR established ETED and launched AGMR and LDAR projects to address methane emissions and operational efficiency.

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Received ESG rating from Sustainable Fitch

SOCAR received its first ESG rating from Sustainable Fitch in November 2025, with an entity score of 41, evaluating environmental impact, adherence to social standards, and governance practices.

Expanded renewable energy portfolio

SOCAR is expanding renewable energy and green initiatives, including hybrid renewable projects integrating onshore wind energy, floating or fixed solar panels, and battery energy storage systems.

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Published comprehensive ESG reports

SOCAR published Sustainable Development Report 2023, ESG Report 2024, and Sustainability Report 2022-2023, documenting economic, social, and environmental performance.

SOCAR Sustainability Commitments

2030

Zero routine flaring target

SOCAR aims to achieve zero routine flaring by 2030.

2030

Reduce upstream carbon intensity

SOCAR aims to reduce upstream carbon intensity by 30% by 2030.

2050

Carbon-free production target

SOCAR aims to achieve carbon-free production by 2050 and reduce carbon intensity to 50-65%.

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About SOCAR

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  • Unverified

Sustainable Development Goals

SOCAR is committed to advancing these Global Goals to promote prosperity for people & planet.

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This information references https://www.socar.az/ and was sourced on 19/07/2023. Is this your business? Suggest an edit

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