Photo: NIS

There has been an increasing number of public appeals to stop or slow climate change. The United Nations adopted 17 Sustainable Development Goals, which are a kind of call to action to create a more prosperous world where all residents will have a dignified life, economic progress, access to natural resources and peace. A significant number of these goals relate to fostering a responsible attitude towards natural resources, the availability of energy sources and industrial innovations that help protect the environment.

Accordingly, companies from the energy sector are increasingly finding themselves in the spotlight as representatives of an industry that should provide a significant contribution to decarbonization and the reduction of greenhouse gas emissions, as well as decisively contribute to environmental protection and economic progress, while supporting the development of the community in which they operate.

For the NIS Company, one of the leading energy corporations in Southeast Europe, this dilemma does not exist because sustainable development principles are the basis of all the company’s business processes. By embarking on an energy transition, NIS has been contributing to achieving the UN’s Sustainable Development Goals for years. Furthermore, the company is a pioneer in our country regarding reporting on sustainable development. The first verified Report, compiled following the Global Reporting Initiative (GRI) standards, the world’s leading organization in the segment of sustainable business, was published by NIS in 2011. Since then, every year, the company has informed the general public about its business activities and socially responsible programmes transparently.


In its sustainable development reports, NIS recognizes 12 of the UN’s 17 Sustainable Development Goals, which the company fulfils in its operations. These are good health, quality education, gender equality, clean water and sanitation, accessible and renewable energy, dignified work and economic growth, industry, innovation and infrastructure, sustainable cities and communities, responsible consumption and production, climate action, life on Earth and peace, justice and strong institutions.

To contribute to the decarbonization process, the NIS Company has been dedicatedly implementing its green agenda for years. For NIS, sustainable development implies economic progress with sustainable use of natural resources and activities that, in addition to positive business effects, also provide significant results in terms of environmental protection. Thus, since 2009, NIS has invested around 900 million euros in environmental projects and projects that significantly improve nature’s protection. One of the examples is a deep processing unit at the Pančevo Oil Refinery worth more than 300 million euros. This complex ensures the production of larger quantities of the most valuable fuel in the market. It has significantly reduced the emissions of sulfur dioxide, nitrogen compounds and powdery substances. Thanks to this and a series of other environmental investments, the Pančevo Refinery became the first energy plant in Serbia to receive an integrated IPPC permit, which validates that all production processes comply with the highest domestic and European environmental standards.

Prepared by: Nevena Đukić

Read the story in the new issue of the Energy portal Magazine RESPONSIBLE BUSINESS.