Responsible Consumption and Production
Sustainable forms of consumption and production - priority in business operation
Sustainable forms of consumption and production - priority in business operation
Investments and efforts in the field of environmental protection represent a strategic commitment for NIS, and at the same time, a daily practice in business processes. In 2023, we noted positive trend of environmental protection indicators, including further reduction of polluting substances that are emitted into air and water, as well as the fulfilment of the requirements of Serbian legislation and the best EU practices. In 2023, more than RSD 801.8 million was invested in environmental protection projects. During 2023, the Environmental Protection Strategy until 2030 was approved, defining the long-term goals of reducing negative environmental impact (reducing carbon intensity and other emissions such as NOx, SOx, PM, VOC, and resource use).
The commitment of NIS to these goals is evidenced by the fact that more than 900 million euro have been invested in upgrading the Pančevo Oil Refinery since 2009. A large portion of these funds has been directed towards the implementation of environmental projects, as well as business projects that significantly enhance environmental protection. The total of EUR 94 million was invested in environmental protection at the refinery. Among other things, these investments have resulted in 90 percent reduction in total emissions of pollutants into the air (SO2, NO2, and particulate matter) when compared to 2009.
As a socially responsible company that prioritises environmental protection, NIS has been conducting its energy transition and implementing green agenda project for years. The modern combined-cycle gas-steam power plant (TE-TO Pančevo) and the installation of solar panels at filling stations are important projects on this agenda.
Regarding TE-TO Pančevo, this gas power plant, valued over EUR 190 million, commenced its commercial operation in October 2022. The electrical energy produced by TE-TO Pančevo is also supplied to Serbia’s transmission power system, thereby contributing to the energy stability of the Republic of Serbia. In 2023, gross production of electricity in TETO Pančevo amounted to ]1,068,493.43 MWh. Considering the fact that TE-TO Pančevo exclusively uses natural gas, the most environmentally friendly fossil fuel, CO2 emissions are significantly reduced if compared to CO2 emissions from coal-fired power plants. When comparing emissions per unit of produced electrical energy, the reduction in CO2 emissions exceeds 50%. According to the Environmental Report from EPS for 2023, emissions from coal-fired power plants amounted to 1089.1 t (CO2)/GWh. In contrast, during the first year of operational activity at TE-TO Pančevo, emissions were 408.66 t (CO2)/GWh.
NIS invests significant efforts in the area of occupational health and safety. In the previous year, NIS adopted a new HSE (Health, Safety, and Environment) Policy, established the standard “General Provisions and Management Structure of HSE,” and the HSE Supervision and Control Sector conducted two internal inspections under the “Karkas – Safety Shield” program and the budget for this program was prepared and approved for the period 2024-2026. In 2023, the implementation and application of the Karkas – Safety Shield 1, 2, 3, 4 Program continued, diagnostics for Karkas 5 was conducted, and the preliminary budget for the implementation of the program was defined.
In 2023, significant investments were made in equipping firefighting units, as well as improving the response systems for emergencies and crisis situations.
