SOCAR outperforms 83% of oil and gas companies in S&P Global assessment

Azerbaijan's State Oil Company (SOCAR) scored 50 out of 100 in S&P Global's corporate sustainability assessment, outperforming 83% of companies in its industry group.

According to SOCAR, cited by Report, around 12,500 companies participated in S&P Global's 2026 Corporate Sustainability Assessment (CSA).

As of October 9, SOCAR had scored higher than 83% of companies assessed in the Oil & Gas Upstream & Integrated industry group, which includes oil and gas producers and integrated energy companies.

SOCAR said the result reflects the consistent implementation of its sustainable development agenda and progress in integrating environmental, social and governance (ESG) principles into corporate governance and operations.

As part of the assessment, the company provided more than 95% of the information requested by S&P Global across over 1,000 indicators. This result demonstrates SOCAR's focus on sustainability disclosure and improving transparent reporting practices.

S&P Global assesses companies' sustainability performance based on industry-specific criteria. Scores range from 0 to 100, after which participants' results are compared with those of other companies in the same industry group.