KMG International publishes its 2018 Sustainability Report – Inspired by nature, developed according to latest international standards – GRI Sustainability Reporting Standards, marking the fifth consecutive year of non-financial reporting for the Group. The report represents an overview of the Group’s economic, social, environmental and marketplace evolution in 2018, as part of the company’s commitment to transparency and continuous improvement.
“2018 was our best year yet in terms of key production indicators. Nevertheless, we always try to have a holistic view on our activities and in doing so, we have successfully improved in all aspects our operations across the Group. We drove our environmental commitments further than ever before, recording the lowest technological loss and lowest energy consumption, and decrease of CO2 emissions for the fourth consecutive year. We are proud of the progress made in driving our company’s growth, considering the challenging business environment, and excited to continue building a sustainable enterprise that makes a positive difference for our stakeholders and the world around us.” Zhanat Tussupbekov, Group CEO.
The Sustainability Report acts as KMG International’s 2018 Annual Communication of Progress under the United Nations Global Compact (UNGC) and shows the company's role and impact in the Romanian economy, but also in other countries with significant operations (Bulgaria, Georgia, Republic of Moldova). The report is a detailed analysis on the company’s corporate governance, human resources (education and development, safety, diversity, human rights), environmental management (emissions reduction, water consumption, biodiversity conservation activities), local community investment projects, marketplace performance.
Sustainability highlights for KMG International throughout 2018:
- 4 million USD invested in environment protection activities
- 89.6 % waste recovery rate for Petromidia Refinery
- 1 million USD investment in community projects in Romania only.
- Promoter of diversity: 5,000 headcount, 17 different nationalities
Petromidia Refinery, KMG International Group’s main asset in Romania recorded its lowest technological loss in history, along with its lowest energy intensity index- 96.1% and highest energy efficiency - 2.97 GJ/mt. Vega Refinery, despite operational peaks, managed to reach its lowest technological loss – 0.93% wt and its lowest energy consumption ever recorded - 2.43 GJ/mt. On a correspondingly positive note, the Group’s Petrochemical Division also improved its energy consumption, recording an energy efficiency index of 18.1 GJ/mt, down by 0.6 GJ/mt compared to 2017, as well as technological losses of 2.2% wt in 2018, 0.5% lower than the previous year.
Companies in the Group’s Retail and Trading business units followed the same trend in terms of environmental efficiency. Rompetrol Downstream, KMG International’s retail division that includes the Group’s network of gas stations and warehouses, exceeded its 1% targets for water and energy usage by 1.95% and 2.90% respectively.
No accidental spills or grievances were recorded in 2018, and the CO2 emissions for the Refining Business Unit (Petromidia and Vega platforms, along with the Petrochemical Division) decreased by 1.4% compared to the previous year. In terms of safety, due to the 100% Safety program and over 30,000 hours of health & safety training carried out (6.84 average training hours per employee), the absenteeism rate dropped from 2.54% to 1.97%.
A rigorous and comprehensive assessment of the 2018 KMG International Sustainability Report was performed by the Association for Community Relations, which was included in the Independent Opinion section. The report was prepared in accordance with the Comprehensive option of the Global Reporting Initiative (GRI) Standards and the GRI G4 Oil and Gas Sector Supplement.
To read the full KMG International Sustainability Report for 2018, visit:
https://www.kmginternational.com/mediaroom/group-reports
Communication and Public Relations Department
KMG International