Responsibility

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Responsibility is core to our culture. It defines how we work, how we behave and how we interact with our customers, our partners and our communities.

We appreciate the risks involved in our sector and take our responsibilities extremely seriously. We understand that our reputation depends on our honouring our commitments, doing what is right for the long-term and always treating others with respect.

Our long-term outlook enables us to invest in relationships and defines how we manage our physical assets. We seek to conduct our business in line with the ten principles of the UN Global Compact and to work with partners who share our commitment to high international standards of operation, wherever they are based, and to act with consideration to local stakeholders.

We are proud of the partnerships we have built over many years. We work collaboratively with our partners to try and find the best long-term solutions, which we deliver efficiently and safely.

Operating responsibly

Our commitment

We appreciate the risks involved in the energy and commodities sector and take our responsibility towards health, safety and the environment extremely seriously. Furthermore, we are aware that our actions could impact a broader stakeholder group, including the communities in which we operate and we seek to mitigate impact and risks where possible.

In all our physical operations we seek to work with partners who share our commitment to high international standards of operation. The infrastructure upon which we rely, from ships to jetties and storage, is subject to our due diligence processes.

All asset based companies which are part of the Vitol Group have high international HSE standards and the appropriate HSE procedures and policies in place, and comply with relevant legislation.

What we expect

We expect all employees to be aware of the risks associated with any initiative they are involved in and mindful of their potential impact. HSE considerations should be a priority and a conservative approach should be adopted.

Relationships with counterparties and partners

Our commitment

Our business is built on long term relationships and we value the many partnerships we have built over time. Notwithstanding, we carry out rigorous, risk based know your customer (KYC) procedures on all our partners and counterparts, and monitor these on an ongoing basis, as appropriate.

Furthermore, we respect the confidentiality of all our commercial relationships.

What we expect

We expect our employees to appreciate the importance of counterparties and customers to our business. Notwithstanding, the appropriate on-boarding and monitoring procedures must be followed at all times and we expect all employees to comply with the applicable know your customer policy. Any employee with concerns or queries should raise them with Compliance.

Customer confidentiality should be respected as permitted and required by law, if in doubt Legal and Compliance should be consulted.

Compliance with applicable laws and regulations

Our commitment

All business conducted on the company’s behalf should be compliant with the applicable legislative and regulatory regime, including international sanctions.

What we expect

All employees must ensure they are familiar with and comply with relevant laws and regulations. If in doubt, employees should consult with Legal and Compliance.

Anti-bribery and corruption

Our commitment

We do not tolerate bribery or corruption in our business. We have rigorous and anti-bribery and corruption policies and procedures in place, in accordance with all relevant legislation.

What we expect

All employees must ensure they are familiar with and comply with the company’s anti-bribery and corruption policy.

Relationships with public officials

Our commitment

Vitol will always engage with the relevant authorities in any jurisdiction in which it operates and respect the confidentiality of these relationships.

All of our relationships with public officials will be in compliance with our anti-bribery and corruption policy.

What we expect

All employees must ensure they are familiar with and comply with the company’s anti-bribery and corruption policy.

Conflicts of interest

Our commitment

We recognise the risk of conflicts of interest and have policies in place to ensure employees are aware of their responsibilities.

What we expect

Employees should be familiar with and follow the conflicts of interest policy.

Commitment to Human Rights

Our commitment

Vitol seeks to conduct its business in accordance with the UN Global Compact’s ten principles, including those on human rights. We believe that all people should be treated with respect and dignity.

What we expect

Employees should conduct themselves accordingly.

Political activity

Our commitment

As a company, Vitol is not affiliated with any political party. When appropriate, Vitol will engage with the relevant government officials on matters pertaining to its business.

Nonetheless, we respect the right of our employees to participate in the political process and to make political donations.

What we expect

No company funds should be used to support political parties.

Employees must comply with the anti-bribery and corruption policy.