Climate Change Data

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