Compliance and Social Care:

We are leveraging our experience and expertise to develop a more responsible business.We have set ourselves an important goal:
To become an acknowledged leader in this sector in the way we manage our corporate responsibility. This commitment is endorsed by our Management Board and shareholders who are closely involved in running the business and by employees across the group.
   1. We are well aware that we do require a social licence to run our business in the various regions we are active.
   2. We are a company specialising in Oil Exports and Trading. This involves logistics of moving large volumes of potentially dangerous or polluting materials around the world. We are highly mindfulof this fact, and take adequate steps to the management of Health, Safety, Environment and Community (HSEC) risks through systematic and rigorous approach. This applies to both operations that are under our direct control and in our selection of contracting partners.
   3. Our partners rightly require assurance that we operate to the highest standards. Demonstrating leadership in responsibility will support the development of our business and enhance our access to capital and liquidity. With respect to this fact, we are highly satisfied with the performance we have made so far, and this, undoubtedly will help secure us a competitive advantage.
Different products of Trolieum have distinctive challenges and priorities across the HSEC and compliance agenda. All are required to be implemented, measured and performance reported against the priorities and targets agreed at Group and operating levels.

RESPONSIBILITY FRAMEWORK

Trolieum’s HSEC Policy and HSEC Business Principles, along with our Code of Business Conduct, encapsulate our approach to corporate responsibility.
Our HSEC Policy commits the Group and all of its employees to:

♦    Conduct business in a way that protects the environment and promotes safety and health of employees,      those involved in our operations and the communities where we work.
♦    Act with integrity and transparency and engage constructively with key stakeholders.
♦    Comply with all relevant HSEC domestic and international legislation and regulations.

Our HSEC Business Principles set out the standards we apply and the principles we uphold across Trolieum. These are incorporated within the following areas:

      ♦    Health and safety
      ♦    Environment
      ♦    Human rights and labour practices
      ♦    Community relations

Our Code of Business Conduct acts as a central reference point for employees and our business partners in meeting the highest standards of business ethics. Each Process in Trolieum is required to supplement the above policies and principles with relevant, sector-specific standards and procedures for their day-to-day operations.

HSEC GOVERNANCE

Our governance framework aims to ensure our HSEC Policy, HSEC Business Principles and Code of Business Conduct are implemented consistently across our diverse organisation.
Ours HSEC Steering Group promotes best practice and drives HSEC performance. A Supervisory Board member and the Global Head of Corporate Affairs are the co-chairs. It includes Trolieum Board members from across the organisation.
The HSEC Steering Group convenes every two months, reports on performance twice annually to Trolieum Management Board and is supported by working groups and external advisors, as required.