Shaping a sustainable energy future
Pioneer-Alfa Petroleum Services has created substantial value and contributed to the development of society for almost 20 years. Today we supply energy to millions of people, every day. To be successful in the coming decades, we must be part of the response to the great challenges facing the world.
We believe the world needs more climate-efficient oil and gas production and strong growth in profitable renewable energy. We will develop our business in support of the ambitions of the Paris climate agreement. We are inspired and guided in our activities by the United Nation's Sustainable Development Goals, and our commitment to long-term sustainable value creation is in line with the principles of the United Nation's Global Compact.
Pioneer-Alfa Petroleum Service's vision is to shape the future of energy. Our purpose is to turn natural resources into energy for people and progress for society. Sustainability is at the heart of our operations and strategy.
SUSTAINABILITY STORIES
Sustainability is at the heart of our operations and strategy. We empower our employees to implement our business strategy through sustainable performance. Here are some of our many stories on how we work across the company
OUR APPROACH
Our approach to sustainability lies at the core of our corporate strategy, our governance and decision-making - strengthening our resilience and informing our growth opportunities
OUR PRIORITIES
The sustainability issues that we prioritise reflect our value chain, the business context we face and the strategy we are pursuing: Always safe, high value, low carbon. Our corporate values, code of conduct and commitments guide our understanding and responses to these. These are outlined in the Pioneer-Alfa Petroleum Services Book
Safe and secure operations, empowered people, and stakeholder engagement have been defined as key enablers for our strategy, along with technology and innovation. Climate change considerations have also been further embedded in our corporate strategy
Our objectives and principles
Our objective is to ensure long-term value creation for our shareholders through exploring for and producing, transporting, processing and marketing petroleum and petroleum-derived products
We believe that the best way to achieve this goal is through value-based performance culture, stringent ethical requirements and a code of conduct that promotes personal integrity and respect for the environment. Our corporate governance is therefore based on our corporate values and ethical guidelines
We believe that good corporate governance is more than just a technical exercise-it is instead a fundamental element in the practical work of the company's governing bodies, and it defines the criteria on which the trust of the company's shareholders is based.
In addition, the work of the Board of Directors is based on the existence of a clearly-defined division of roles and responsibilities between the shareholders, the Board of Directors and the management in Pioneer-Alfa Petroleum Services.
The principles that underpin our approach to corporate governance
- All shareholders will be treated equally
- Pioneer-Alfa Petroleum Services will ensure that all shareholders have access to up-to-date, reliable and relevant information about the company's activities
- Pioneer-Alfa Petroleum Services will have a board of directors that is independent of the group's management. In accordance with our ethical guidelines, the Board focuses on there not being any conflicts of interest between owners, the Board of Directors and the company's management.
- The Board of Directors will base its practical work on the principles for good corporate governance applicable at all times.