Sustainabilty

 

Transitioning to cleaner energy, empowering people, and upholding transparency and ethics

Environmental

Our focus: Environmental protection and climate action

Contribute to the shift toward cleaner energy while minimising the environmental impact of our operations

Material ESG topics

Climate action/GHG emissions/ Energy efficiency/ Emissions, effluents, waste and resource use/ Land Use and Biodiversity

Alignment with the UN SDGs

Screenshot 2024 05 22 At 15.20.32
 

Social

Our focus: Safe Operations

Ensure the safety of our employees, contractors, and communities, adhere to the highest industry standards and continuously improve our safety culture

Material ESG topics

Occupational Health and Safety

Our focus: Empowering people and communities

Foster an inclusive, and diverse workplace while supporting local economic growth and advancing social development.

Material ESG topics

Community Relations/ Human Capital

Alignment with the UN SDGs

Screenshot 2024 05 22 At 15.25.03
 

Governance

Our focus: Business Ethics

Maintain strong corporate governance, uphold strict compliance standards, and foster a culture rooted in ethics and integrity.

Material ESG topics

Bribery and Corruption

Alignment with the UN SDGs

Screenshot 2024 05 22 At 15.26.26

Alem Petroleum ranks in the 11th percentile among Oil & Gas Producers in Sustainalytics’ 2024 ESG Risk Ratings, with a high-risk score of 31.0 (on a scale from 100 to 0). The company’s overall exposure to ESG risks is high, aligning with the subindustry average. Key material ESG issues identified include: Emissions, Effluents, and Waste, Carbon – Own Operations, Occupational Health and Safety. Despite these challenges, Nostrum’s ESG Risk Management is rated as strong, reflecting our commitment to sustainability and responsible business practices. In 2024, we continued our participation in CDP, the global independent environmental disclosure system. Our responses on Climate and Water were assessed, resulting in a “B” score for each (on a scale from F to A).

 

Alem Petroleum aims to operate in a responsible manner to ensure the safety of employees, contractors and the environment.  Safety is a personal and shared responsibility and Nostrum is committed to occupational health and environmental impact mitigation.  We believe everybody working at or visiting our facilities has a right to return home safely and to perform their duties under safe working conditions.

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