ESG
ESG beliefs
Environmental, Social & Governance (ESG) is an integral business consideration. Vitol’s ESG framework sets out our beliefs and requirements. We expect all the companies in which we are invested to follow these or similar standards.
Safety
Our operations should be safe for employees, (sub)contractors, neighbouring communities and the environment – we commit to ensuring ESG considerations are integral to our business.
Zero-harm
We aim for a zero-harm approach – we commit to reporting, investigating and learning from incidents and near misses.
Environment
Our operations should be safe for employees, (sub)contractors, neighbouring communities and the environment – we commit to ensuring ESG considerations are integral to our business.
Risk-based approach
A risk-based approach is the most suitable to manage the complex environments and geographies in which we operate – we commit to implementing this rigorously.
Compliance
All our operations should be compliant with the applicable legislative and regulatory regimes – we commit to support this, as well as our ESG framework, through ensuring the appropriate processes, resources and systems are in place
Human rights
We are committed to respecting all internationally recognized human rights – we will seek to conduct our business in accordance with the UN Guiding Principles on Business and Human Rights, whilst striving to improve year on year.
Monitoring and tracking
We must monitor our performance and continuously try to do better – we commit to monitoring, tracking and disclosing our performance as well as raising targets and using auditing to improve our ESG performance.
Communication
We recognise the importance of communication and transparency – and commit to communicating appropriately with all key stakeholders.
Responsibility
Responsibility is core to Vitol’s culture – we commit to assuming responsibility for our actions as individuals, as a team and as a corporate group.