Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Security
• Environmental Protection
• Social Responsibility
• Economic Development

Environmental Achievements

• Allocated approximately USD 90 million between 2013 and 2015 to address European fuel standards, legal aspects and environmental protection.
• Reduced various pollutants emissions through the installation of a particulate reduction system.
• Upgraded Petromidia waste water treatment plan in 2006, increasing process efficiency by 96%.
• Reduced treated wastewater volumes used and reused at Petromidia in 2014.
• Minimized waste in 2014 compared to 2013 for both retail & trading and upstream & non-core areas.
• Reduced Energy Intensity Index of Rompetrol Rafinare – Petromidia.

Social Achievements

• Supported directly 4,772 jobs and an additional 2.25 workplaces for each workplace created within KMGI.
• Implemented a national social responsibility program – “Together for Each and Everyone”, allocating over USD 1,500,000 for the implementation of 101 projects.
• Offered permanent jobs to more than 100 interns between 2013 and 2015.
• Approximately 75% of new hired employees in 2014 were under 35 years.
• Average number of training hours per employee increased from 6.1 in 2014 to 11.7 in 2015.

Governance Achievements

• Full compliance with the European Union and international environmental legislation.
• Authorized by Romanian authorities to operate four production tax warehouses.
• Implemented a Business Transformation Program to improve overall performance.

Climate Goals & Targets

Environmental Challenges

• High dependency of EU’s refinery industry of Russian crude oil.
• Increased challenges of the EU refining sector to remain competitive.
• Reduction in refining capacity and foreign investment.
• Global economic downturn and reduced access to financing (2007-2011).

Mitigation Strategies

• Diversification of crude oil supplies by sourcing crude from Kazakhstan (approximately 40% of Romania’s refinery intake).
• Significant investments in modernization and upgrade of Petromidia Refinery (approximately USD 1.4 billion between 2007 and 2015).
• USD 1.6 billion of equity participation and loans placed in its Romanian entities during 2007-2011.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change and Decarbonization
• People
• Safety
• Community
• Market
• Corporate Governance

Environmental Achievements

• Reduced total greenhouse gas emissions by 1% compared to 2021.
• Achieved 23% renewable energy share in Petromidia's total energy consumption.
• Achieved 10% renewable energy share in Vega's total energy consumption.
• Reduced water consumption by 1% compared to 2021 in Petromidia.
• Reduced water discharge by 1% compared to 2021 in Petromidia.
• Recycled 10,441 tons of materials in Petromidia compared to 7,321 tons in 2021.

Social Achievements

• Increased the percentage of female employees by 2%, reaching 30% at the Group level.
• Ended the year with zero fatalities and an LTIR rate of 0.26.
• Community investments exceeding $2.5 million in 2021-2022.

Governance Achievements

• Implemented a comprehensive Corporate Risk Management System (CRMS).
• Developed and approved a decarbonization strategy.
• No critical concerns reported to the highest governing body in 2022.

Climate Goals & Targets

Environmental Challenges

• Geopolitical challenges and market disruptions.
• Fluctuating oil, gas, and refined product prices.
• Climate change risks (physical and transition).
• Supply chain disruptions due to the war in Ukraine.
• Cybersecurity attacks.

Mitigation Strategies

• Implemented a risk management program including hedging strategies.
• Developed a decarbonization strategy with investments in renewable energy and electric vehicle charging infrastructure.
• Secured alternative sourcing strategies for crude oil.
• Strengthened cybersecurity capabilities.

Supply Chain Management

Supplier Audits: 100% evaluation of business relationships for ethical principles and human rights compliance.

Responsible Procurement

• Supplier Code of Conduct
• ESG criteria in procurement process

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events (storms, floods)

Transition Risks

• Regulatory changes
• Market shifts
• Increased carbon pricing

Opportunities

• Renewable energy development
• Development of energy-efficient products and services
• Electric vehicle charging infrastructure

Reporting Standards

Frameworks Used: GRI, TCFD, EU Taxonomy, UNGC

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001, ISCC

Third-party Assurance: EY România

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 5: Gender Equality
• Goal 6: Clean Water and Sanitation
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 14: Life Below Water
• Goal 15: Life On Land
• Goal 16: Peace, Justice and Strong Institutions
• Goal 17: Partnerships for the Goals

The report details how various initiatives contribute to these SDGs.

Sustainable Products & Innovation

• Biofuels
• Improved fuel efficiency products

Awards & Recognition

Not disclosed