Oman Oil Marketing Company SAOG (OOMCO)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:4,405 tCO2e/year
Scope 1 Emissions:643 tCO2e/year
Scope 2 Emissions:3,762 tCO2e/year
ESG Focus Areas
- Climate Change
- Circular Economy
- Energy Management
- GHG Emissions
- Environmental Compliance
- Diversity, Equity, and Inclusion (DEI)
- Employee Training, Attraction, and Retention
- Occupational Health and Safety
- Community Engagement
- Corporate Governance
- Code of Ethics
- Business Continuity
Environmental Achievements
- Reduced GHG emissions by 18% in 2023
- Powered 12 service stations with solar energy (63% electricity savings)
- Installed 24 Vapor Recovery Units (compared to 13 in 2022)
- Launched Biodiesel product as alternative clean fuel
Social Achievements
- Maintained zero Lost Time Injuries in 18 million working man-hours
- 92% Omanization rate
- Allocated 33% of CSR budget to support SMEs
- Launched At’a charity campaign
- Experience Hub Programme for new graduates
- Road Safety Awareness Village program
Governance Achievements
- Established a robust code of ethics
- Adheres to Capital Market Authority (CMA) guidelines
- Certified to ISO 9001, 14001, 22000, 27001, 32001, 45001 and ISO 22301
Climate Goals & Targets
Long-term Goals:
- Net-zero carbon emissions by 2050
Environmental Challenges
- General decline in sector performance and increased competition in Commercial Fuel Business
- Challenges in overseas markets due to geopolitical issues and currency devaluation
Mitigation Strategies
- Focus on enhancing delivery efficiency, alliances, and offering solutions to customers through technological innovations
- Entering new growth markets, utilizing diverse marketing activities, and leveraging dedicated marketing and digital campaigns
Supply Chain Management
Responsible Procurement
- Increased procurement budget allocated to local suppliers from 60.74% in 2022 to 98.27% in 2023
- Increased allocation of procurement budget to SMEs from 48.52% in 2022 to 72.41% in 2023
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards 2021, UN Sustainable Development Goals (SDGs), MSX ESG 30 Metrics, Oman Vision 2040
Certifications: ISO 9001, ISO 14001, ISO 22000, ISO 27001, ISO 32001, ISO 45001, ISO 22301
Sustainable Products & Innovation
- Biodiesel product
Awards & Recognition
- Award from HH Sayyid Theyazin bin Haitham bin Tarik Al Said for supporting Omani youth at the Youth Excellence Award 2023