USTC Group
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Health and Safety
- Staff Development
- Equal Opportunity
- Environment
- Anti-Bribery and Anti-Corruption
- Competition Laws
- Anti-Money Laundering
- Sanctions
- Slavery
- Personal Data Protection
Environmental Achievements
- Actively engaged in projects to lower sulphur emissions
- Recycling and reducing power consumption
- Strong ambitions to support the global transition to sustainable energy
Social Achievements
- Providing ample opportunity for employee development through internal and external training programs
- Equal career and management opportunities for all employees regardless of gender, nationality, skin color, sexual orientation, or religion
- 22.2% female board members in 2021, aiming for 25-33% in 2022
Governance Achievements
- Strict zero tolerance stance to bribery and corruption
- Compliance training programs conducted in selected subsidiaries
- Policies and processes in place to address sanctions risks
Climate Goals & Targets
Short-term Goals:
- Achieve 25-33% female board members by 2022
Environmental Challenges
- Climate change impact on transportation and energy
- Potential exposure to trade-based money laundering
Mitigation Strategies
- Focus on oil spill prevention and energy optimization of vessels
- Continuously seeking ways to improve environmental and operational performance
- Processes and controls in place to screen transactions and payments to address anti-money laundering concerns
- Policies and processes developed to address sanctions risks