Sustainability principles & goals

The Sustainable Development Goals (SDGs) represent a global blueprint for dignity, peace, and prosperity for people and the planet, now and in the future. For the energy sector, these goals present both a significant challenge and an unparalleled opportunity to pivot towards more sustainable practices.

Our approach to integrating the SDGs involves a comprehensive framework that aligns our business strategy with sustainable development objectives. This includes assessing our impact on these goals, setting measurable targets, and engaging with partners across industries to drive collective action. As such, all relevant mentions regarding our approach and implementation of the SDGs will be marked accordingly throughout our 2023 Sustainability Report.

Our aim is to not only advance our sustainability agenda but also to inspire and lead by example in our industry.

The goals highlighted below are closely related to the topics that were identified as most relevant or prominent for Rompetrol capturing the specific of our activities, operation principles and locations.

GOAL 3: GOOD HEALTH AND WELL-BEING

Preserving and promoting the health and wellbeing of both our employees and the communities we operate in are key priorities in our sustainable development strategy and the way we conduct business.
  • Health and safety programs: implementation of comprehensive health and safety management systems across all facilities to minimize risks and protect employees. Regular health screenings and wellness programs are available to all staff.
  • Community health initiatives: investment in local healthcare services, including donations to hospitals, support for health education campaigns, and access to clean water to improve community health and well-being.

GOAL 4: QUALITY EDUCATION

We believe that education should be available to all and access to quality education is a critical factor in creating a sustainable future. Investing in education, along with personal and professional development, is part of our mission to nurture the growth of our employees and communities
  • Employee education: Offering continuous learning opportunities for employees, including professional development programs and access to online courses.
  • Professional training initiatives: Our internship program is currently in its 22nd edition and has contributed to the development of over 1,600 individuals, some of whom continue to serve as valuable employees within the member companies.
  • Community support: Investing in local education projects, such as equipping schools in rural areas and providing educational opportunities for students in the communities where Rompetrol operates.

GOAL 5: GENDER EQUALITY

Rompetrol is dedicated to promoting gender equality and equal opportunities within the company and in the communities where we operate. This commitment is reflected in our policies and practices, which aim to ensure equal opportunities for leadership, employment, and training.

  • Workplace equality: implementation of policies to ensure equal pay for equal work, promote women into leadership positions, and support work-life balance initiatives.
  • Empowerment programs: support for external programs aimed at encouraging diversity, focusing on education, empowerment, and entrepreneurship.

GOAL 6: CLEAN WATER AND SANITATION

Rompetrol recognizes the critical importance of managing water resources responsibly. Our approach to water management encompasses reducing water consumption, enhancing water recycling processes, and ensuring the treatment of wastewater before discharge. We aim to mitigate our environmental impact and contribute to the availability of clean water and sanitation in our operations and the broader community.

  • Water management: implementing water efficiency and recycling practices across operations to reduce water usage and improve water quality.
  • Community projects: supporting clean water access and sanitation projects in communities, especially in areas affected by Rompetrol’s operations.

GOAL 7: ENSURE ACCESS TO AFFORDABLE, RELIABLE, SUSTAINABLE AND MODERN ENERGY

As part of the energy sector, Rompetrol is at the forefront of transitioning towards more sustainable energy sources. We are committed to improving energy efficiency across our operations and investing in renewable energy projects. Our goal is to make energy more affordable and sustainable, reducing our carbon footprint and contributing to global efforts against climate change.
  • Renewable energy: increasing the use of renewable energy sources within Rompetrol’s operations to reduce greenhouse gas emissions.
  • Energy efficiency: enhancing energy efficiency through technological upgrades and process improvements in all facilities.

GOAL 8: DECENT WORK AND ECONOMIC GROWTH

Rompetrol is dedicated to fostering a work environment that respects the rights and well-being of all employees, while also contributing to economic growth. We ensure fair labor practices, support local economies through job creation, and engage in sustainable business practices that promote long-term economic development.
  • Employment practices: creating jobs and ensuring fair labor practices across the company's value chain.
  • Economic contribution: contributing to the local economy through sustainable business practices, local sourcing, and supporting sustainable suppliers.

GOAL 9: INDUSTRY, INNOVATION, AND INFRASTRUCTURE

Innovation is key to Rompetrol’s approach to sustainability. We continuously seek to improve our operational efficiency, reduce our environmental impact, and contribute to resilient infrastructure. Investing in innovative technologies and practices allows us to stay at the leading edge of the industry, while also supporting sustainable development.
  • Infrastructure development: upgrading infrastructure to improve efficiency and reduce environmental impact.
  • Innovation in operations: supporting innovative initiatives to innovate processes, products, and services that contribute to sustainable industrial practices.

GOAL 10: REDUCED INEQUALITIES

Rompetrol is committed to reducing inequalities both within the organization and in the communities where we operate. We strive to create inclusive opportunities for all, regardless of background, gender, or disability, ensuring equitable growth and development.

  • Inclusive workplace practices: creating an inclusive work environment that respects and values diversity in all its forms, including ethnicity, nationality, age, sexual orientation, and disability.
  • Community engagement and support: supporting programs aimed at empowering marginalized and vulnerable groups, enhancing their access to resources, and promoting social inclusion.

GOAL 12: RESPONSIBLE CONSUMPTION AND PRODUCTION

Our sustainability strategy focuses on responsible consumption and production patterns. This involves optimizing resource use, reducing waste through recycling and reuse programs, and minimizing the environmental impact of products throughout their lifecycle.
  • Sustainable practices: enhancing sustainability across the value chain, from procurement to production.
  • Adopting circular economy principles: focusing on reducing waste and promoting recycling, to enhance resource efficiency.
  • Consumer awareness: educating customers and stakeholders on sustainable consumption and the environmental impacts of products and services.

GOAL 13: CLIMATE ACTION

Tackling climate change is a priority for Rompetrol. We are actively reducing our greenhouse gas emissions through energy efficiency, renewable energy investments, and carbon offset initiatives. Rompetrol also participates in global and local climate partnerships, advocating for effective climate policies and practices.
  • Emission reduction: setting and pursuing aggressive targets for reducing carbon emissions in line with international agreements and standards.
  • Climate adaptation measures: implementation of measures to adapt to climate change impacts, protecting infrastructure and operations.

GOAL 14: LIFE BELOW WATER

Rompetrol recognizes the importance of conserving and sustainably using marine resources. We are committed to protecting marine biodiversity and reducing pollution from our operations.
  • Marine protection: implementing measures to prevent oil spills and reduce operational discharges into water bodies
  • Sustainable practices: promoting sustainable practices within the supply chain to protect marine ecosystems and biodiversity.

GOAL 15: LIFE ON LAND

Recognizing the importance of biodiversity for sustainable development, Rompetrol has implemented several key strategies to minimize its operational impact on natural habitats and ecosystems.
  • Biodiversity conservation: initiatives to conserve land ecosystems and promote biodiversity, including habitat restoration projects and sustainable land management practices.
  • Reduced land pollution: efforts to reduce pollution and waste, including safe disposal of hazardous materials and waste management practices.
  • Community engagement & education: investing in education and awareness programs focused on environmental stewardship and conservation.
  • Partnerships for conservation: Rompetrol collaborates with environmental organizations and other stakeholders to support conservation projects.

GOAL 16: PEACE, JUSTICE AND STRONG INSTITUTIONS

We uphold the principles of peace, justice, and strong institutions by conducting our business ethically, transparently, and responsibly. Our approach includes rigorous governance practices, stakeholder engagement, and collaboration with NGOs and government agencies.

  • Corporate governance: strengthening corporate governance structures to ensure transparency, accountability, and ethical business practices.
  • Support for Rule of Law: engaging in partnerships and initiatives that promote peace, justice, and strong institutions in the communities where Rompetrol operates.

GOAL 17: PARTNERSHIPS FOR THE GOALS

Achieving the SDGs requires collaborative efforts. This involves working with government, industry peers, civil society, and international organizations to advance the SDGs. Rompetrol participates in multi-stakeholder initiatives to share best practices, leverage resources, and drive collective action towards sustainable development.
  • Strategic partnerships: collaborating with governments, NGOs, industry partners, and other stakeholders to advance the SDGs through shared initiatives.
  • Knowledge sharing: participating in forums and networks for sharing best practices and innovations in sustainability.

More related info:

Sustainability

Ethics

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.
Sustainability

Our climate change journey

To us, sustainability is at the very heart of long-term value creation. It represents a continuous journey to cover the needs of a low-carbon global economy while deepening commitment to the growth and well-being of our people and communities.