Supporting Sustainable Energy Industry Development Annual Report 2019 About the report In this Annual Report, references Report preparation Changes in reporting from to the “Global Energy Association”, the Annual Report 2018 “Global Energy”, “we”, “GEA”, or the In preparing this Annual Report, we “Association” mean the Global Energy reviewed the Association’s activities The main change is that this Annual Association on development of in 2019. This Report discloses the Report discloses information in international research and projects in Association’s key performance accordance with the GRI Standards: the field of energy metrics for the period between 1 core option. January and 31 December 2019, along with areas of future development and Report profile efforts to establish a basis for a long- Disclaimer term sustainable development. 102–45 102–46 102–49 The information contained in this Annual Report includes, inter alia, projections or other forward-looking 102–50 102–51 102–52 102–44 102–45 statements related to future events or future financial performance of the Association. There can be no 102–54 102–56 102–48 102–49 assurance that such forward-looking statements will prove to be accurate, as actual results and future events This Annual Report includes could differ materially from those Reporting cycle: annual. information about the results of the anticipated in them. Forward-looking Report format: Annual Report. Association’s sustainability-related statements disclose information up to Key topic: Supporting Sustainable activities. We recognise that by the beginning of the next reporting Energy Industry Development. providing regular information about period. Many factors may cause GRI disclosure level: this report has our financial performance, corporate actual results to differ materially been prepared in accordance with the governance and social responsibility to from those projected or implied in GRI Standards: core option. our internal and external stakeholders forward-looking statements. These Date of most recent report: and by maintaining appropriate factors include general economic June 2018. feedback channels we are building environment, the competitive Scope of this report: The Global Energy a foundation for strong, trust-based landscape, risks associated with Association. long-term relationships. doing business in Russia and beyond, Report assurance: Auditor’s report technological and market-related confirming the reliability of annual When preparing this Annual Report, changes in the energy sector, as well accounting statements. the Association followed the Global as factors specific to the Association. Reporting Initiative (GRI) Standards: core option, including Annexes and disclosures of certain matters 102–32 102–47 103–1 specific to the activities of non-profit organisations. The Association’s Annual Report is a conventional annual report subject to approval by the General Meeting of members of the Global Energy Association. 02 ↘ Contents 04 The Global Energy at a Glance 05 Message from the President 08 The Global Energy 47 Our Contribution to the Sustainable Association Development of Global Energy 09 The Association Today 48 Sustainability Policy 13 Location of Operations 50 Our Contribution to the Achievement 14 Key Events of 2019 of SDG 2030 16 Mission and Values 53 Stakeholder Engagement 17 Development Priorities and Performance 57 Corporate Governance 18 International Cooperation 65 Internal Control and Audit 66 HR Policy 20 The Global Energy Prize 21 About the Award 68 Glossary 24 The International Award Committee 70 Contacts 25 Nomination Process and Cycle 26 2019 Nomination Cycle Results 27 Laureates 31 International Youth Programme 71 Annexes 32 About the Programme 72 Annex 1. GRI Content Index 34 Idea 77 Annex 2. Stakeholder Proposals 36 Startup 78 Annex 3. Identification of Material Topics 37 Programme Winners and Report Boundaries 81 Annex 4. 2019 Accounting Statements 40 International Discussion 85 Annex 5. Auditors’ Report on the 2019 Platform Performance 87 Annex 6. Feedback Form 41 About the Project 42 The Global Energy Prize Summit 44 Events and Programmes 03 ↘ Contents The Global Energy at a Glance GRI 102–1 102–5 The Global Energy Association was The Global Energy Prize Throughout the 17 nomination cycles established as a non-governmental completed so far, 39 scientists from organisation (a foundation before This international award was Australia, Austria, Canada, Denmark, 2010, a non-profit partnership after established in Russia in 2002 and France, Iceland, Japan, Russia, 2010 and an association since 2016) is awarded annually in recognition Sweden, Switzerland, the UK, Ukraine to support research and innovation of outstanding research and and the USA have been recognised in the field of energy, promote the development efforts in the field of with this award. energy industry, stimulate research energy. and facilitate international scientific cooperation in energy. The Global Energy Prize is awarded The International Youth Programme for: discoveries, inventions and The Global Energy Association fundamental research in global Another project of the Association organises and administers the Global energy; engineering projects and is the Global Energy International Energy Prize award. innovations that promote energy Youth Programme which distributes efficiency; development of new grants and personal awards to energy sources and ways to use them; stimulate energy-related research by groundbreaking projects in energy young scientists and specialists. saving and transmission. 04 ↘ Contents Message from the President GRI 102–14 Sergey Brilev Dear friends, partners and The new discoveries and technology President of the Global Energy colleagues! springing from the scientific Association achievements of our laureates have I am pleased to present to you generated value and savings worth the first report of the Association tens of billions of dollars – and these prepared in accordance with GRI figures only continue to rise with Standards. The report is intended to every passing year. Each nomination become an important step towards cycle of the Global Energy Prize establishing a full-scale dialogue shows that the new technologies with all stakeholders, including the these achievements give rise to are Association’s members, Global Energy being scaled up and are finding their Prize laureates, participants of the way into the global economy and our Association’s programmes, members everyday lives. Researchers from the of the Board of Trustees, our partners, United States and Denmark received energy experts, employees, the media the award in 2019 in recognition of and non-governmental organisations. their contribution to the development of efficient energy storage technology Our award is currently the only and their outstanding technical Russian award among the IREG contribution to the development of Observatory on Academic Ranking an intelligent management system for and Excellence’s top 99 global wider adoption of renewable energy scientific awards. The Global Energy sources. Prize is also included in the Mega Awards category of the Official Roster → For more information about the of the International Congress of 2019 Global Energy Prize laureates Distinguished Awards (ICDA) for its Dr Khalil Amine and Prof Frede laudable goals, exemplary practices Blaabjerg see 2019 Nomination Cycle and the overall prize fund. Results and Laureates. However, the world is changing fast, and Russia, while remaining a great Given the global reach of our project, hydrocarbon power, is looking into we are primarily committed to the new trends to make traditional energy UN Sustainable Development Goals greener and (where appropriate) related to providing wide access to launch alternative energy projects. affordable and sustainable energy Added to this is the fact that the sources and the need to adopt The new discoveries and energy industry is entering the new sustainable consumption models. technology era of Industry 4.0. We For this reason, we have started technology springing from are living in the age of innovation, reviewing and disclosing the the scientific achievements which includes the transition to digital Association’s contribution towards the technology and AI-based energy UN Sustainable Development Goals. of our laureates have systems. As an association running a generated value and savings global energy award, we need to keep By contributing to R&D advances as worth tens of billions of abreast of the latest breakthroughs much as we can, we already have a and spearhead dialogue on their direct impact on at least five out of the dollars. application. seventeen global goals. 05 ↘ Contents We are also committed to making Our Association has a direct and This Report also contains information an active contribution to fostering a indirect impact on the development of about Global Energy Prize laureates positive perception of Russia abroad, international energy projects through and winners of the Association’s highlighting its role in promoting scientific cooperation, which has no programmes focused on making science and boosting the economy, boundaries. In 2019, the Association a contribution to the sustainable as well as its achievement of global held a number of meetings with development of global energy. sustainable development goals. foreign technology universities and However, the Association would not signed five cooperation agreements have been able to support them if not → For more information