(MENAFN- Emirates News Agency (WAM))
DUBAI, 18th December, 2017 (WAM) -- The ENOC Group has announced the launch of its first 'Sustainability Performance Report' with the region's first sustainability performance index for the oil and gas sector in Middle East to chart and monitor company's performance over three pillars of sustainability including 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, the report evaluates ENOC Group's sustainability performance based on 19 key performance indicators, KPIs. It highlights a number of strategic initiatives that are closely related to the UN Sustainable Development Goals, SDGs, 2030.
Saif Humaid Al Falasi, Group CEO at 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 three 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.
WAM/Nour Salman/MOHD AAMIR
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