CEO's Foreword
Dear friends,
Before you is the 15th consecutive verified Sustainable Development Report of our company. This jubilee also confirms our long-standing commitment to responsible business operation, transparent reporting to the general public, and continuous improvements in the area of sustainability. We are proud of our tradition of reporting that reflects our efforts to develop NIS in a balanced manner, while adhering to the highest environmental, social and governance standards.
The energy sector, to which we belong, has changed significantly over the past years: New technologies are being applied, new ways of operating, energy prices, and communication with consumers. We also face new challenges reflecting geopolitical circumstances and the demands of energy transition. However, I am pleased to note that we remain steadfast in our pursuit of the same goals as when we published our first Sustainable Development Report for 2010. We want to make progress every year in all core areas of sustainable development, to contribute to the development of our community and participate in the achievement of the global Sustainable Development Goals.
We believe that long-term success can only be built in cooperation with the community, understanding its needs and a responsible attitude towards the environment. Our goal is not only to achieve good business results, but also to leave a positive mark on the community in which we operate. As a company with a long tradition and special importance for the economy and the community in Serbia, we are aware of the responsibility we have. Sustainability is not just a strategic direction for us – it is a part of our daily practice and our corporate culture.
We are particularly proud of the projects we implement in cooperation with the local community. We strive to contribute to improving the equality of life, progress in the fields of education, health and culture, through partnerships with citizens, government institutions, educational institutions and civil society organisations. We are aware that the success of a company is not measured only by financial indicators, but also by the values we share with others. That is why we strive to be an example for others to contribute to sustainable and responsible business and our common development through our activities.
Our commitment to environmental protection is reflected in continuous investments in innovative technologies and reducing the impact of our activities on the environment. In 2024, we invested almost RSD 1.1 billion in environmental projects. At the same time, we continued to implement the green agenda in all business segments. Among other things, we are implementing a project to inject CO2 from the amine plant into the Rusanda reservoir, and we are building new facilities for the monetization of gas from our oil and gas fields. In the past year, the Pančevo Oil Refinery has received a new IPPC permit, as proof of compliance with domestic and European environmental legislation. In 2024, we launched 20 more solar power plants at our gas stations in Serbia, as well as those at the Jazak drinking water plant and the Pančevo Oil Refinery. In addition, we supported our partners in local communities in the production of “green” energy and enabled the construction of solar power plants at 40 public institutions in 13 municipalities and cities participating in our society program “Common Cause Community”. In this way, through joint efforts, we will significantly contribute to improving the environmental picture throughout Serbia.
After 15 reports on sustainable development, we are aware that sustainability is not a goal that can be achieved once and for all – it is a constant effort that requires continuous innovation and dedicated work form us. Big thank you to all employees, shareholders, partners and the members of the community for being with us on this complex, but the only possible path. I am positive that with joint action, we may build sustainable future for all of us.
