ENVIRONMENTAL, SOCIAL & GOVERNANCE
From sourcing to storage – transport and distribution. We pride ourselves in the good corporate governance, on how we conduct our business, the standards that apply across all our services, how we manage trading risk, as well as how we manage our impact on the environment.
ENVIRONMENTAL, SOCIAL & GOVERNANCE
From sourcing to storage – transport and distribution. We pride ourselves in the good corporate governance, on how we conduct our business, the standards that apply across all our services, how we manage trading risk, as well as how we manage our impact on the environment.
We are focused on the highest standards of safety and to minimize where possible the impact of our operations on the environment. As the impact of sustainable practices becomes critical to managing the environmental threats we face on a global scale
Code of Business Conduct
We strive to maintain the highest standards of professionalism, integrity, accountability and humility. These standards go beyond simple legal compliance, laying the foundation for all decisions we make and our interactions with stakeholders.
Social Responsibility
We are committed to being a good corporate citizen and taking an active role within our community. Beyond providing energy security, we believe that our activities should not only satisfy the needs of our customers alone but also enrich the fabric of the communities that are a part of our stakeholder environment.
Sustainability
We are committed to reducing and minimizing the environmental impact of our operations, and to change with the oil industry as it embraces cleaner energy and more sustainable energy sources.
Internal Controls
We have implemented internal control measures in all our trading and financial operations. This includes the establishment of trading mandates and management reporting systems to monitor and highlight risk exposures and mark-to-market profitability. Financial controls include proper segregation of duties and a tiered system of authorizations for contracts, payments and any mandate deviations. Robust risk management measures are also in place to manage and mitigate commodity price liquidity, credit and foreign currency translation risk in a timely manner.
Knowing Your Counterparty
We apply a rigorous credit approval process. Our counterparty registration procedures include close scrutiny of our counterparty's market reputation, bank references and financial statements among others, where we then derive an in-house credit rating. The businesses executed with counterparties are then subjected to conditions consistent with their credit rating. Our stringent credit measures provide assurance to both our banks and other counterparties.
Petro Ocean is committed to implementing, and where possible, pioneering environmentally friendly practices in every aspect of our business from embracing cleaner energy and more sustainable energy sources.
We are focused on the highest standards of safety and to minimize where possible the impact of our operations on the environment. As the impact of sustainable practices becomes critical to managing the environmental threats we face on a global scale
Code of Business Conduct
We strive to maintain the highest standards of professionalism, integrity, accountability and humility. These standards go beyond simple legal compliance, laying the foundation for all decisions we make and our interactions with stakeholders.
Social Responsibility
We are committed to being a good corporate citizen and taking an active role within our community. Beyond providing energy security, we believe that our activities should not only satisfy the needs of our customers alone but also enrich the fabric of the communities that are a part of our stakeholder environment.
Sustainability
We are committed to reducing and minimizing the environmental impact of our operations, and to change with the oil industry as it embraces cleaner energy and more sustainable energy sources.
Internal Controls
We have implemented internal control measures in all our trading and financial operations. This includes the establishment of trading mandates and management reporting systems to monitor and highlight risk exposures and mark-to-market profitability. Financial controls include proper segregation of duties and a tiered system of authorizations for contracts, payments and any mandate deviations. Robust risk management measures are also in place to manage and mitigate commodity price liquidity, credit and foreign currency translation risk in a timely manner.
Knowing Your Counterparty
We apply a rigorous credit approval process. Our counterparty registration procedures include close scrutiny of our counterparty's market reputation, bank references and financial statements among others, where we then derive an in-house credit rating. The businesses executed with counterparties are then subjected to conditions consistent with their credit rating. Our stringent credit measures provide assurance to both our banks and other counterparties.
Petro Ocean is committed to implementing, and where possible, pioneering environmentally friendly practices in every aspect of our business from embracing cleaner energy and more sustainable energy sources.
