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Sustainability

Our approach to sustainability and ESG

Our sustainability strategy is structured around Environment, Social, and Governance pillars, widely known as ESG. These are indivisible from what we do as a company, and we engage with representatives from various groups of stakeholders to understand what matters to them, and how we can align our ESG priorities to the material issues we identify.

Understanding what matters most to our stakeholders

We regularly engage with clients, suppliers, investors, NGOs, policymakers, employees, and our supply chain, to fully understand what matters most to them. As a result of these discussions, we identified material issues for our business and aligned our targets to them.

We aim to minimise our own environmental impact, while supporting our clients in reducing their environmental impact.

Our material issuesOur targets 
Addressing climate risk Net Zero by 2030
Spill prevention and responseZero pollution
Promoting a circular economyCircular economy adopted by all sites

Environment – find out more

Climate change – find out more

We are promoting safe local delivery of our projects and services, drawing on ethical supply chains to create in-country value, helping to address skills gaps, and building a truly diverse workforce.

Our material issuesOur targets

Sector leading health and safety

Zero harm
Enhancing diversity and inclusion30% women in leadership roles by 2030
Respecting human rightsAll third parties screened for human rights
Optimising in-country valueSector leading local delivery

Health and safety – find out more

Diversity and inclusion – find out more

Human rights – find out more

In-country value – find out more

We are underpinning everything we do with clear, consistent standards of ethical behaviour, bound by rigorous compliance and governance.

Our material issuesOur targets

Embedding ethical values and behaviours

No regulatory non-compliance
Enhancing transparency, governance, and disclosureFull compliance with TCFD

Business ethics – find out more

Governance – find out more

ENVIRONMENTAL

0

Committed to Net Zero in Scope 1 and 2 emissions by 2030

SOCIAL

30%

Targeting 30% of women in senior roles by 2030

Governance

100%

Proportion of employees who completed an annual declaration confirming compliance with the Petrofac Code of Conduct

“Never before have we had such an awareness of the importance of sustainability. We now have a duty of care to do all we can to put this awareness into action.”
Sami Iskander Group Chief Executive

Aligning with the Sustainable Development Goals

As we enter the ‘decade of delivery’ for the UN Sustainable Development Goals, we have aligned our sustainability strategy with the seven goals most relevant to Petrofac’s business.

We aim to work in partnership with our stakeholders to progress strategies that improve health and wellbeing, reduce inequality, tackle climate change, and preserve biodiversity – while championing a low-carbon economy and enabling economic growth.

The SDGs most relevant to our business