Responsible Consumption and Production

NIS has incorporated its attitude towards environmental protection into its strategic documents and applies them in every business process. This specifically means that business projects, in addition to financial benefits, should also contribute to improving environmental protection, and be implemented in a manner that is safe for the Company’s employees, contractors and all other persons present at the Company’s sites. In 2024, RSD 1,065 billion were invested in the implementation of environmental projects, and it should be noted that the amount is significantly higher if it includes investments in technology the implementation of which contributes to the reduction of harmful environmental effects.

During the turnaround at the Pančevo Oil Refinery, a project of cyclone replacement in the FCC regenerator and tank reconstruction was implemented in order to reduce the emission of dust particles. Last year, the Pančevo Oil Refinery received a new integrated IPPC permit, confirming that the production process is in line with the highest local and European standards in the field of environmental protection Pančevo Refinery received its first integrated permit in 2017, making it the first energy facility in Serbia to receive an integrated pollution prevention and control permit. The new integrated permit also covers the Deep Processing complex at the Refinery, which began operating in 2020. At the same time, the full integration of “HIP[1]Petrohemija” into the NIS Group system continued. During the planned downtime at “HIP-Petrohemija”, an audit of the main equipment was carried out and new steps were taken in the preparation of the polypropylene factory construction project, which is a key investment in forming a long-term sustainable business model for this factory. At the beginning of 2024, the Regulation on Monitoring and Reporting on Greenhouse Gas Emissions entered into force in the Republic of Serbia, which defines in more detail the method of monitoring, calculating and verifying GHG emissions, as well as the obligation of operators to issue GHG emission permits for their facilities. The aim is to reduce emissions from the industrial sector in the long term and accelerate the decarbonisation of the economy.

As the confirmation of the quality of the activities implemented so far and the timely fulfilment of legal obligations in the field of climate change management, the Ministry of Environmental Protection has issued a Decision on the issuance of a greenhouse gas emission permit for four of the Company’s facilities: Petroleum Product Storage Novi Sad – Power Plant, Pančevo Oil Refinery, Plant for the preparation and transport of oil and gas in Elemir and “HIP[1]Petrohemija” (a permit was issued for Synthetic Rubber Factory of Elemir in April 2025). Facilities for which permits have been issued are required to monitor GHG emissions, and then to prepare a GHG Emissions Report, which has to be verified by an independent verifier.

In the area of waste management, NIS has concluded umbrella contracts with authorized waste management operators for the period 2024–2026, which cover the collection, transport and treatment services of waste generated within the Company.

NIS invests significant efforts in the area of occupational health and safety. Sector for HSE Supervision and Control conducted internal inspections within the framework of the “Karkas – Safety Shield” programme. During 2024, the implementation and application of the Karkas – Safety Shield 1-5 Programme continued, diagnostics for Karkas 6 was conducted, and the preliminary budget for the implementation of the program was defined.