Puma Energy’s Sustainability Report sets out its Environment Social and Governance (ESG) strategy in 2023 and its environmental performance in 2022. The strategy sets a roadmap to reduce its operational GHG emissions, promote access to lower carbon energy, protect our local environment and ensure good governance.
The ESG report sets out Puma Energy’s ambition to ensure the long-term sustainability of the business, while also helping advance the United Nations Sustainable Development Goals and contribute to global action to tackle climate change. A cornerstone of the strategy is aimed at growing its portfolio of low carbon and transition fuels by introducing low carbon energy, such as solar, to help industrial customers achieve their energy and climate transition objectives. The company also aims to continue investing in retail sites at the heart of local communities and maintaining reliable supplies of energy in markets where access to energy is a high priority.
The ESG strategy was informed by a review of Puma Energy’s main sustainability risks and opportunities, and is shaped around four key pillars: Energy and Climate Change, Local Environment and Nature, People and Communities and Governance and Supply Chains. Each of these pillars is underpinned by a set of targets and initiatives that are detailed in the sustainability report.
Key targets:
- Reduce Scope 1 and 2 GHG emissions by 15% by end of 2025, 25% by the end of 2032 and 100% by 2050
- Increase the supply of transition fuels and clean energy solutions in Africa to represent 30% EBITDA by the end of 2027
- Achieve zero workplace fatalities and achieve 20% year on year reduction in severe road traffic accidents
- Obtain full alignment with the Voluntary Principles on Security and Human Rights by the end of 2024
The report also provides an update on Puma Energy’s ESG performance over the past year and sets out how we are strengthening our ESG governance framework and promoting ESG best practice in our supply chain.
