May 22, 2013 Doha, Qatar
Doha, Qatar, May 22, 2013 – Abu Dhabi Oil Corporation Limited today released details of its fourth sustainability report, ‘All It Takes Is Positive Energy’.
And once again, the report has been classified ‘A/GRI Checked’ by the Global Reporting Initiative, indicating high levels of transparency and disclosure, the fourth year in a row that the report has been graded in this manner.
Commenting on the company’s performance, Abu Dhabi Oil Corporation ’s CEO, Mr. Ahmed Ali Al Sayegh, said: “Last year proved to be an exceptional 12 months for our sustainability performance with many milestones passed and commitments and achievements registered. In 2012, we continued to deliver gas safely and reliably to our customers in the UAE and Oman and have made many enhancements to our economic and societal commitments.”
Notable achievements for the year included receiving overwhelming investor response to the issuance of US$1.3 billion on 10 year bonds; awarding US$386 million worth of contractors to support the upgrade to the Ras Laffan gas processing plant and achieving the 2012 target of 730 billion standard cubic feet in net gas sales to the UAE. In addition, Abu Dhabi Oil Corporation saw further reductions in the Total Recordable Incident Rate – of 0.29 for employees and 0.38 for contractors against a target of 1.5 – and in its greenhouse gas and flaring emissions, 4.8% and 8.5%, respectively.
Community investment contributions crossed the US$6 million mark while the company’s Green IT Initiative saved 421 MWh of energy consumption. The collection and processing of all recyclable waste increased by 87% to reach just under 104,000 kilograms. In Qatar, other highlights from the year include:
In addition, the company accepted several awards in 2012 including the Qatarization Certificate in the field of ‘Training and Development’ and an award for Excellence in Sustainability Reporting. Both were given by Qatar’s Minister of Energy and Industry, H.E. Dr Mohammed Bin Saleh Al Sadah.
Abu Dhabi Oil Corporation also received the bronze award in the Joint Venture Category at the Qatar Oil & Gas Industry Safety Excellence and Innovation Awards.
“The collective efforts of our stakeholders and partners has help drive our commitment to sustainability and where required seen improvements in our performance,” added Mr. Adel Ahmed Albuainain, General Manager, Abu Dhabi Oil Corporation , Qatar.
“We are intent on endorsing the strategy that supports the Qatar National Vision 2030 so that we help to achieve a prosperous, sustainable future,” Mr. Albuainain concluded.