We embed sustainability into all our operations, while we make sure we follow all rules and regulations in place, along with the highest standards and industry best practices.
To continue improving our performance, we have set short-, medium- and long-term ESG targets, in an effort to achieve sustainable growth and generate social value. Our comprehensive objectives matrix encompasses baseline sustainability metrics for the current reporting period, coupled with interim targets and 2050 commitments.
We have set environmental performance targets like emissions reduction, water consumption reduction, and energy efficiency improvements. We also aim to increase our waste recovery rate and have zero spills and environmental grievances. We have a strong focus on fostering a culture that values inclusion, diversity, transparency, equal treatment, employee health, and wellbeing, as well as workforce engagement.
We prioritize the safety of our employees, contractors, and communities to ensure sustainable operations. Safety performance indicators are vital in gauging the effectiveness of our safety programs, policies, and procedures. We have set ambitious safety performance targets for the short-, medium-, and long-term, aligned with our broader sustainability commitments. Our objective and efforts are geared towards achieving an LTIR of 0, but given our industry's nature, our realistic goal and KPI is to remain below the annual IOGP average.
For more detailed information about our ESG targets, please refer to our Sustainability Report.
Watch the videos of our approach in corporate, trading and supply chain, refinery and retail.