Transitioning to cleaner energy, empowering people, and upholding transparency and ethics
Environmental
Our focus: Environmental protection and climate action
Contribute to the shift toward cleaner energy while minimising the environmental impact of our operations
Material ESG topics
Climate action/GHG emissions/ Energy efficiency/ Emissions, effluents, waste and resource use/ Land Use and Biodiversity
Alignment with the UN SDGs
Social
Our focus: Safe Operations
Ensure the safety of our employees, contractors, and communities, adhere to the highest industry standards and continuously improve our safety culture
Material ESG topics
Occupational Health and Safety
Our focus: Empowering people and communities
Foster an inclusive, and diverse workplace while supporting local economic growth and advancing social development.
Material ESG topics
Community Relations/ Human Capital
Alignment with the UN SDGs
Governance
Our focus: Business Ethics
Maintain strong corporate governance, uphold strict compliance standards, and foster a culture rooted in ethics and integrity.
Material ESG topics
Bribery and Corruption
Alignment with the UN SDGs
Nostrum ranks in the 11th percentile among Oil & Gas Producers in Sustainalytics’ 2024 ESG Risk Ratings, with a high-risk score of 31.0 (on a scale from 100 to 0). The company’s overall exposure to ESG risks is high, aligning with the subindustry average. Key material ESG issues identified include: Emissions, Effluents, and Waste, Carbon – Own Operations, Occupational Health and Safety. Despite these challenges, Nostrum’s ESG Risk Management is rated as strong, reflecting our commitment to sustainability and responsible business practices. In 2024, we continued our participation in CDP, the global independent environmental disclosure system. Our responses on Climate and Water were assessed, resulting in a “B” score for each (on a scale from F to A).
Nostrum aims to operate in a responsible manner to ensure the safety of employees, contractors and the environment. Safety is a personal and shared responsibility and Nostrum is committed to occupational health and environmental impact mitigation. We believe everybody working at or visiting our facilities has a right to return home safely and to perform their duties under safe working conditions.