Environment, Social, Governance (ESG)
We recognise the risks involved in our business and our responsibility to uphold high and safe standards of operation across our business.
Responsibility is integral to Vitol’s culture. It defines how we work and how we behave, governing how we interact with our customers, our partners and our communities. We seek to ensure our business is managed efficiently and safely at all times. Our ESG Committee is responsible for reviewing and considering the ESG impact of all aspects of our business, monitoring the company’s performance in and recommending appropriate improvements to the monitoring and understanding of ESG risks.
Whilst the committee leads ESG initiatives, all employees are expected to consider the environmental and social impacts of our business activities as part of their day-to-day decision-making process.
Sustainability
Vitol recognises the challenges facing the environment and the need for a transition to cleaner forms of energy. We are investing in renewable technologies, as well as carbon capture initiatives and are actively seeking aligned opportunities.
Supply chain
Vitol deals with a broad range of companies, all of which are subject to our Compliance Programme.
Stakeholders
We engage directly with all relevant stakeholder groups, including, but not limited to banks, governments and financial regulators as well as NGOs and the media. We appreciate that our business’ licence to operate is not a given right, but one that must be earned through responsible operations and gaining the trust of our stakeholders