July 27, 2015 Abu Dhabi, United Arab Emirates
Abu Dhabi Oil Corporation Limited today released details of its sixth sustainability report, covering the company’s operations and activities for 2014.
The report was developed ‘in accordance’ with the Global Reporting Initiative (GRI) G4 Guidelines, option core. The G4 guidelines have an increased emphasis on the need for reporting on topics that are material to the business and key stakeholders. As such Abu Dhabi Oil Corporation successfully completed the Materiality Disclosure Service provided by the GRI, confirming that the materiality disclosures are aligned with G4 requirements.
Commenting on the details of the report, which has been released to the public, Abu Dhabi Oil Corporation ’s CEO, Mr. Ibrahim Ahmed Al Ansaari, said: “I am very pleased with the progress we have made over the last 12 months. By focusing on honing our stakeholder mapping and materiality process, we continue to address the issues that are most important to our business and stakeholders, and as a result we have seen positive developments in the company’s economic, environmental and societal performance.”
Notable achievements include accomplishing a major production milestone by reaching 5 trillion standard cubic feet since operations began; the tie-in of three new export gas compressors to the plant at Ras Laffan Industrial City, and the initiation of a major Industrial Water Management Project to enhance water recovery and utilization within the Abu Dhabi Oil Corporation plant.
Abu Dhabi Oil Corporation also achieved 100% plant availability for the fifth consecutive year and in 2014 the company embarked on an offshore flaring reduction study and the development of comprehensive greenhouse gas (GHG) policy and strategy.
Safety of people has always been Abu Dhabi Oil Corporation ’s main priority and was recently identified as one of the top material issues for the company. In 2014, Abu Dhabi Oil Corporation recorded the lowest ever combined total recordable injury frequency rate (TRIR) among employees and contractors in the history of the company’s operations at 0.20 per million work-hours completed. This is also well below the global benchmark of 1.60 as measured by the International Association of Oil and Gas Producers (IOGP).
Environmental expenditure increased in 2014 and Abu Dhabi Oil Corporation community investment contributions included a special workshop on the safety aspects of the UAE Gas Network to students from UAE Universities, and the refurbishment of Al Dhakira beach in Northern Qatar, an integral part of the Ras Laffan Industrial City Community Outreach Program. There was also an increase in the commitment to programs that celebrate the history and heritage of both the UAE and Qatar.
In the area of nationalization, the company registered 55% Emiratization and 28% Qatarization levels and awarded the Qatar Petroleum (QP) Crystal Award in the Field of Training And Development, from Qatar’s Minister of Energy and Industry.
Other awards received included the Sustainability Innovation Award from the Qatar Energy and Industry Sector Sustainability (QEISS) Program and the award for Best Sustainability Report from the Abu Dhabi Sustainability Group, received at the 2015 Abu Dhabi Sustainable Business Leadership Forum.
Copies of the 2014 report are available on and from next year, to embrace sustainability further, all future reports will only be posted on the company’s website.