Natural Resources Management

Enviroment

We are committed to minimizing the environmental impact of our operations. Our key focus areas are water use, environmental degradation caused by oil spills, biodiversity, waste, and the circular economy.

To manage these topics, we use a unified strategy that is governed by both general and issue-specific regulations. This ensures a consistent approach and enables accurate reporting to our leadership team.

Environmental compliance

We are responsible for the impact our activities have on the environment. Breaching environmental regulations, whether at a national and international level, can lead to both financial penalties and reputational damage. In addition, compliance with environmental protection regulations is necessary to retain our license to operate.

Our Environmental Management Standard requires:

  • Strict compliance with all relevant environmental laws and regulations
  • Identification of all environmental requirements
  • The development and maintenance of comprehensive legal compliance databases
  • Ensuring our practices align with globally recognized best practices
  • Establishing programs to prevent non-compliance and associated monetary losses
  • The assessment of environmental impacts and risks
  • Adherence to environmental performance standards related to energy, emissions, water, raw materials, waste, hazardous substances, and the protection of biodiversity and ecosystems

Environmental Risk

Our approach to environmental risks covers those that are regulatory, operational, reputational, and financial in nature. The majority are linked to climate change, water, or energy. We manage these risks using our Enterprise-Wide Risk Management (EWRM) framework.

We use digital tools including the Active Risk Manager System (ARMS) to monitor and manage environmental risks. This system helps us to integrate environmental risk scenarios within our broader approach to HSSE and wider business risks. Through clearly established policies and responsibilities, risks at all levels are controlled and mitigated.

We take a structured approach to risk evaluation. Strategic issues, such as those related to climate change and water scarcity, are assessed using a top-down process, while a bottom-up process is used to assess issues that arise at an operational level, including legal compliance risks.

Before beginning new projects or entering new countries, we conduct thorough environmental risk assessments to consider local legislation, as well as potential impacts on sensitive and protected areas and species. These assessments continue throughout the project lifecycle.


More information

Our environmental topics in detail

Biodiversity
Water Management
Managing Oil Spills
Waste Management
Circular Economy