ENOC Group Launches its First Sustainability Performance Report and Sustainability Index
ENOC Group launched its first Sustainability Efficiency Report with the region's initial sustainability performance index for the Oil & Gas field in Middle East to chart and check ENOC's efficiency over 3 columns of sustainability - economic, social and environmental. The report highlights ENOC's sustainability efforts in line with the UAE Vision 2021, the Dubai Strategy 2021, the Dubai Integrated Energy Approach 2030 and the Dubai Carbon Abatement Strategy 2021 as the Group broadens its operations to meet residential power need sustainably over the next 5 years.
Developed according to the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines, an around the world identified framework for reporting an organisations' financial, social, and environmental efficiency, the record reviews ENOC Group's sustainability performance based upon 19 Key Performance Indicators (KPIs). The KPIs were identified based on a series of workshops with key inner and outside stakeholders and converted to an ENOC Sustainability Performance Index which is notified by the methodology of Dow Jones Sustainability Index.
The report highlights a number of critical efforts that are closely pertaining to the UN Sustainable Growth Goals (SDGs) 2030 - a framework of global set of objectives and targets that UN member states will be utilizing over the following 15 years to achieve lasting advancement.
His Excellency Saif Humaid Al Falasi, Group Chief Executive Officer, ENOC, stated: "As an organisation, we are dedicated to constantly boosting our sustainability efficiency, which indicates we recognise favorable adjustment and adapt to it. As a testament to this idea, in 2016, we suggested the unification of the sustainability efficiency index in the Group's performance score card.
" While this is our inaugural report, sustainability efficiency has actually been a key consideration in our technique to business for numerous years. We are moving beyond being an energy carrier to delivering sustainable value to our investors, our partners and employees."
In line with ENOC's vision of attaining industry leading efficiency which mirrors the SDG on economic growth, in 2016 the Group spent US$ 654 million throughout its services to sustain the local economy as its sales volume reached a new high of 247 million barrels.
Over the past 3 years the emission intensity from the Group's operations decreased by 15 percent and minimized waste generation by 1,500 tons from 2015. When it come to staff members, the Group's manpower increased by 20 percent over the last 3 years with Emiratisation reaching 34 percent.
According to the UAE management's clear commitment to diversifying its energy resources, ENOC is purchasing different gases such as Compressed Natural Gas and Biodiesel5 - a diesel combined with biofuel - to offer cleaner fuels for its customers.
"We are functioning relentlessly to ensure that our procedures comply with lasting consumption and production patterns as our initiatives in the field of sustainability progression from conformity to a performance-based culture that drives efficiency from a triple bottom line point of view," included Al Falasi.
In recognition of the importance of implanting sustainability within ENOC, in 2016 a new Group Sustainability Office was established causing the facility of a Sustainability Administration Structure with 9 committees exclusively concentrating on crucial sustainability problems connected to the Group ranging from Energy & Source Monitoring, Setting, Environment Change, Gas Performance and Company Social Responsibility.
Enhancing its contribution to Dubai's green purchase agenda, with the support of Dubai Supreme Council of Energy (DSCE), ENOC established its Green Procurement Committee and appointed a Green Procurement Officer in 2016. The Board worked with the growth and execution of minimal threshold requirements that will certainly permit energy and water financial savings. In 2016, 25 percent of procurement in selected power consuming tools was green. The Group intends to raise its green purchase to 30 percent in 2017.
By focusing on the recognition of this Sustainability Efficiency Index, ENOC Group is progressing from a compliance-based culture to a performance-based culture instilling sustainability into its everyday procedures - driving power and source monitoring and carrying out far-ranging sustainability campaigns to decrease energy consumption and emissions.
