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.

Sustainability principles and goals

In all our operations we apply fair labor practices and abide all applicable workplace, employment, privacy and human rights legislation including support of the principles of the Universal Declaration of Human Rights.

Regarding ethics, human rights, advice-seeking and grievance mechanisms, anti-corruption/anti-bribery, risk management, we have policies in place that apply to all our employees, but also to our stakeholders.

Our Code of Ethics and Business Conduct, which applies to all companies part of KMG International, promote ethical values and principles and may be read here.

Ethics

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Climate change

Sustainability principles & goals

We are guided in our business by international trends and best practices and incorporate where possible the SDGs.

Rompetrol is committed to leave its mark, by harmonizing the 2030 Agenda principles with its long-term sustainable development strategy.

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Stakeholder engagement

We are committed to providing quantitative and qualitative information on the impacts and outcomes of our activity, so that all our stakeholders can be confident that our operations are delivering not only efficient results but also sustainability benefits.

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Rompetrol, member of the United Nations Global Compact (UNGC)

We continue to report our ESG progress as a member of the United Nations Global Compact (UNGC), achieving GC Advanced status (advanced ESG reporting principles). 

UNGC is a global initiative that encourages the adoption and implementation of sustainability policies in companies. As members, we benefit from a platform to develop our commitment to corporate responsibility and from a globally recognized framework for communicating ESG policies and practices.

The 2021-2023 strategy of United Nations calls for companies to demonstrate continuous improvement in advancing the 2030 Agenda on Sustainable development, the Paris Agreement on climate change and the Ten Principles of the UN Global Compact.

Participants in the UNGC include over 16,000 companies and 3,000 non-business signatories, making it the world’s largest corporate sustainability initiative, committed to human rights, fair labor, environmental protection, and anti-corruption.

KMG International first joined UNGC in 2015.