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
We recognize the importance and fragility of the environment – we commit to seeking to minimise our impact on the environment through upholding high ESG standards.
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.
Other ESG reports
2025 ESG Report
We are pleased to present Vitol’s sixth ESG report. During 2025, our focus was on consolidation and optimisation. Our portfolio of companies has grown in recent years and ensuring optimisation of their performance and alignment with Vitol’s operating ethos was a priority through 2025.
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2024 ESG Report
Vitol has published its fifth ESG Report. It provides an update on our environmental, social and governance performance across our investments and trading activities. Throughout 2024, we continued to roll out our ESG strategy by prioritising safe and reliable operations, respecting human rights and striving to minimise impacts on the environment.
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ESG Report 2023
Vitol has published its fourth ESG report. It gives an overview of our approach to ESG, specifically the energy transition, and details our environmental and social performance.
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ESG Report 2022
Vitol has launched its third ESG report. It gives an overview of our business strategy in the context of the energy transition, and details our approach to a responsible way of operating that considers the environment and communities we have a presence in.
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ESG Report 2021
Vitol is pleased to present its second ESG report. It is building on progress laid out in our first publication last year and outlining our strategy towards the energy transition.
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