Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate-neutral operations
• Innovative energy solutions
• Preventing product releases
• Occupational health and safety
• Equality of opportunity and diversity
• Employee satisfaction and participation
• Financial performance and sustainable earnings
• Ensuring compliance

Environmental Achievements

• Reduced total water withdrawal from 272,445 m³ in 2021 to 183,951 m³ in 2022.
• Reduced number of product releases according to API RP 754 from 7 in 2021 to 4 in 2022.
• Reduced total volume of product released according to API RP 754 from 4 m³ in 2021 to 2 m³ in 2022.

Social Achievements

• Improved injury rate to 5.7 per 1 million working hours in 2022 (2021: 10.4).
• Launched ONE Mabanaft Health & Wellbeing program, including Mental Health First Aiders.
• Conducted a group-wide employee survey focusing on health and wellbeing.

Governance Achievements

• Established a new Power, Gas & Emissions department to manage Group-wide greenhouse gas emissions.
• Mabanaft took over responsibility for the compliance management system and set up its own compliance team.
• Variable remuneration for the Executive Committee and relevant business units linked to the fulfillment of ESG targets.

Climate Goals & Targets

Environmental Challenges

• Scope 3 emissions (primarily from the use of sold products) constitute the majority of the company's carbon footprint.
• Managing financial, operational, and HSSE risks associated with global operations.
• Maintaining compliance with numerous regulatory requirements and reporting obligations in various jurisdictions.

Mitigation Strategies

• Working to reduce the carbon intensity of sold products and increase the share of cleaner fuels.
• Implementing consistent and systematic risk management with clear responsibilities.
• Using commodity derivatives to hedge and manage risks, and a rigorous credit process to protect against credit events.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier code of conduct

Climate-Related Risks & Opportunities

Physical Risks

• Environmental and natural disasters, climate change effects

Transition Risks

• Significant reduction in the use of oil for mobility and heating

Opportunities

• Expanding the share of cleaner fuels in energy product sales, investing in less carbon-intensive energy.

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 50001 (Oiltanking Deutschland)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3, 7, 8, 9, 10, 12, 13

Mabanaft's business activities contribute to these SDGs through various initiatives.

Sustainable Products & Innovation

• Biofuels, e-fuels, hydrogen derivatives

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate-neutral operations
• Innovative energy solutions
• Preventing product releases
• Occupational health and safety
• Equality of opportunity and diversity
• Employee satisfaction and participation
• Financial performance and sustainable earnings
• Ensuring compliance

Environmental Achievements

• Reduced CO₂ emissions by 18.2 tonnes CO₂e in 2023 season through the use of Renewable Diesel (HVO100) in partnership with Lechner Racing.
• Transitioning to LED lighting and energy-saving refrigeration technology at service stations.
• Substantially increased the availability of HVO diesel in Germany and the UK.

Social Achievements

• Introduced a new app for reporting incidents and near misses, increasing reports by 23%.
• Expanded the CARE platform to allow business partners to anonymously report misconduct.
• Participation in Diversity Day, highlighting the international workforce.

Governance Achievements

• Implemented the German Supply Chain Act (LkSG).
• Maintained EcoVadis rating despite increased requirements.
• Variable remuneration for the Executive Committee linked to ESG targets.

Climate Goals & Targets

Environmental Challenges

• Greenhouse gas emissions from business activities.
• Supply chain challenges.
• Potential environmental risks linked to product releases.
• High corruption risk in the oil and gas industry.
• Numerous regulatory requirements and reporting obligations.

Mitigation Strategies

• Working to reduce Scope 1 and Scope 2 CO₂e emissions by 50% by 2030.
• Integrated business operations to ensure security of supply.
• Zero-spill strategy with technical and structural precautions, safety inspections, and training.
• Systematic avoidance of corruption and compliance with competition law.
• Group-wide risk analysis and compliance management system.

Supply Chain Management

Supplier Audits: 30/year

Responsible Procurement

• Supplier code of conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Environmental and natural disasters, climate change effects.

Transition Risks

• Significant reduction in oil use for mobility and heating.

Opportunities

• Expansion of lower-carbon energy solutions.

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 50001 (Oiltanking Deutschland), ISO 14001 (Silvey Fleet)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3, SDG 7, SDG 8, SDG 9, SDG 10, SDG 12, SDG 13

Analysis of sustainability opportunities and risks throughout the value chain, aligned with the sustainability strategy.

Sustainable Products & Innovation

• HVO, eFuels, hydrogen and its derivatives, SAFs, drop-in biofuels.

Awards & Recognition

• Not disclosed