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ENOC Group launches its first Sustainability Performance Report
ENOC Group launched its first Sustainability Performance Report with the region's first sustainability performance index for the Oil & Gas sector in Middle East to chart and monitor ENOC's performance over three pillars of sustainability - economic, social and environmental. The report highlights ENOC's sustainability initiatives in line with the UAE Vision 2021, the Dubai Plan 2021, the Dubai Integrated Energy Strategy 2030 and the Dubai Carbon Abatement Strategy 2021 as the Group expands its operations to meet domestic energy demand sustainably over the next five years.
Developed in accordance with the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines, a globally recognised framework for reporting an organisations' economic, social, and environmental performance, the report evaluates ENOC Group's sustainability performance based on 19 Key Performance Indicators (KPIs). The KPIs were identified based on a series of workshops with key internal and external stakeholders and converted to an ENOC Sustainability Performance Index which is informed by the methodology of Dow Jones Sustainability Index.
The report highlights a number of strategic initiatives that are closely related to the UN Sustainable Development Goals (SDGs) 2030 - a framework of universal set of goals and targets that UN member states will be using over the next 15 years to achieve sustainable development.
His Excellency Saif Humaid Al Falasi, Group CEO, ENOC, said: "As an organisation, we are committed to continuously improving our sustainability performance, which means we recognise positive change and adapt to it. As a testament to this belief, in 2016, we proposed the incorporation of the sustainability performance index in the Group's performance score card.
"While this is our inaugural report, sustainability performance has been a key consideration in our approach to business for several years. We are moving beyond being an energy provider to delivering sustainable value to our shareholders, our partners and employees."
In line with ENOC's vision of achieving industry leading performance which mirrors the SDG on economic growth, in 2016 the Group invested US$654 million across its businesses to support the local economy as its sales volume reached a new high of 247 million barrels.
Over the past 3 years the emission intensity from the Group's operations declined by 15 percent and reduced waste generation by 1,500 tons from 2015. With regards to employees, the Group's manpower increased by 20 percent over the last three years with Emiratisation reaching 34 percent.
In line with the UAE leadership's clear commitment to diversifying its energy sources, ENOC is investing in alternative fuels such as Compressed Natural Gas and Biodiesel5 - a diesel blended with biofuel - to provide cleaner fuels for its customers.
"We are working tirelessly to ensure that our operations follow sustainable consumption and production patterns as our efforts in the field of sustainability progress from compliance to a performance-based culture that drives performance from a triple bottom line perspective," added Al Falasi.
In recognition of the importance of ingraining sustainability within ENOC, in 2016 a new Group Sustainability Office was established leading to the establishment of a Sustainability Governance Structure with nine committees exclusively focusing on critical sustainability issues related to the Group ranging from Energy & Resource Management, Environment, Climate Change, Fuel Efficiency and Corporate Social Responsibility.
Furthering its contribution to Dubai's green procurement agenda, with the support of Dubai Supreme Council of Energy (DSCE), ENOC established its Green Procurement Committee and appointed a Green Procurement Officer in 2016. The Committee worked on the development and implementation of minimum threshold standards that will allow for energy and water savings. In 2016, 25 percent of procurement in selected energy consuming equipment was green. The Group aims to increase its green procurement to 30 percent in 2017.
By focusing on the creation of this Sustainability Performance Index, ENOC Group is progressing from a compliance-based culture to a performance-based culture ingraining sustainability into its day to day operations - driving energy and resource management and implementing far-reaching sustainability initiatives to reduce energy consumption and emissions.
For more information, please visit ENOC: https://www.enoc.com/en/media-center/news-releases/enoc-group-launches-its-first-sustainability-performance-report-and-sust.aspx
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