TEEPCL recognises the potential for its operations to significantly impact the environment. Therefore, TEEPCL considers responsible activities and careful consideration of environmental, social, and governance (“ESG”) factors as essential for managing risks and maximising opportunities for value creation.
Our ESG management system (“ESG MS”) outlines the policies, procedures, systems, and tools that TEEPCL employs to uphold its ESG commitments and manage ESG impacts throughout all its operations, both downstream and upstream. It includes provisions to effectively integrate ESG considerations into TEEPCL’s business strategy, decision-making processes, and operational activities, as well as organisational culture. Our ESG MS was designed to:
Integrate ESG
Ensure the effective incorporation and management of ESG considerations across the Company’s strategy, decision-making, operations, and daily business activities.
Improve ESG performance
Offer guidance to boost the ESG performance of the Company and its operation. This involves integrating meaningful stakeholder engagement and working collaboratively to ensure consistency in practices and enhance ESG outcomes.
Establish core principles and standards
Define and communicate the essential ESG principles, standards, guidelines, and requirements that the Company follows and encourages other stakeholders to uphold through active
Manage ESG risks and opportunities
Provide a structured framework aimed at systematically identifying, assessing, and managing ESG risks and opportunities, thus ensuring the creation of sustainable value, long-term success and sustainable returns for investors.
Ensure accountability and compliance
Promote accountability and compliance with relevant ESG regulations, standards, and best practices, thereby supporting the overall goal of ethical and responsible operations.
Sustainability reporting
Promote accountability and transparent reporting of ESG performance by the Company. The reports will include data on carbon emissions, energy use, labour practices, community engagement, and governance structures; and
Aggregated impact measurement
Establish a structured framework to gather and integrate data on the social, environmental, and economic impacts of our operations to evaluate their overall effect.
