Oula Local Fuel Marketing Company (K.S.C.P)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Modern and smart fuel dispensing with vapor recovery, contributing to reduced carbon emissions.
- Smart energy generation methods in facilities saving electrical consumption.
- Ultra-Logistics received Golden Award for excellence in health, safety and environment (ASSP) 2023
Social Achievements
- Maintaining 100% Kuwaitization in all supervisory positions in Oula Fuel Stations.
- Various sponsorships to government and private companies.
- Support for Abdullah House for children's care and Jahra Hospital.
- Breast and prostate cancer awareness campaigns.
- National beach cleaning campaign.
- Cooperation with UNHCR.
- Blood donation campaign.
- Participation in career opportunities exhibition.
- Ramadan football tournament.
Governance Achievements
- New organizational structure with internal control system (auditing management, risk management, compliance management).
- Formation of Board of Directors committees (Audit, Risk, Nominations and Remunerations).
- Reappointment of external auditors (Grant Thornton & Co.).
- Establishment of independent risk management and internal audit units.
- Adoption of a policy to reduce conflicts of interest.
- Development of a Code of Professional Conduct.
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Golden Award for excellence in health, safety and environment (ASSP) 2023