Our Vision and Values
Our Vision
Africa Oil’s vision is to be full cycle oil exploration and production growth vehicle that integrates sustainability considerations throughout decision-making and operational management. We will work with our partners to support the transition to a less carbon-intensive business.
Our Values
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We strive for operational excellence safeguarding the health and safety of people and protecting the environment
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We act in a fair, honest and non-discriminatory way in all our business activities
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We adopt the highest standards of professional integrity and comply with national and international laws and regulation
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We promote a culture of open and honest dialogue with stakeholders
Key Drivers for Sustainability Performance
- We are focused on the efficient and responsible exploration, development and production of oil and gas resources in compliance with host country laws and good international practice (as defined by IFC Performance Standards)
- We support the transition to a less carbon-intensive global economy, recognising the ongoing role for oil and gas in the energy balance until cleaner forms of energy are available at the scale needed
- We recognise the challenge, which is especially acute in Africa, in how to meet the world’s increasing demand for energy and economic development whilst minimising environmental and social impacts
Sustainability Strategic Framework
Being a Trusted Partner, acting as a Responsible Steward of the environment, and supporting Strong Communities; these three pillars form the bedrock of the Company’s approach to Sustainability management. Developed as a result of our materiality assessment, they comprise three key areas of focus for the business.
Sustainability Goals
As a non-operating investor in exploration and production assets, Africa Oil is focused on the effective identification and management of risk. Our operating partners are selected in part on their ability and commitment to manage sustainability risks effectively. We monitor operator performance and work with operators where possible and necessary to improve performance. Our role as the custodians of our shareholders’ capital is to ensure robust governance systems are in place to deliver our sustainability goals.
How We Implement our Sustainability Goals
Where we have operational control, all activities will be planned and implemented in accordance with the more stringent of national regulatory requirements and the Performance Standards on Environmental and Social Sustainability of the International Finance Corporation.
Where we do not have operational control, we will work with our Operating Partners to the extent possible to ensure that activities are undertaken in a manner consistent with our goals.
