Supporting the energy transition overview
We recognise that the sustainability of our business depends on our understanding of the climate-related risks and opportunities we face, together with our commitment to ensuring that these are fully considered in our strategy.
Today, our core businesses are focused on distributing and marketing fuels and lubricants to our retail and commercial customers in Africa.
We therefore perceive that the most material transition risks to the Group are related to factors that could reduce demand for the fuels we sell due to any combination of climate-related technology, market, and policy and legal developments across our markets.
We have identified a number of activities and plans across key climate-related areas, which both harness transition opportunities, and mitigate transition risks.
Using renewable power at our facilities
We are including on-site solar power at newly built and rebuilt retail sites where possible. In 2023 we added solar to 95 sites and two depots.
Supporting electric vehicles (ev) in our retail segment
We are piloting EV charging infrastructure in a number of our markets, such as Mauritius, Reunion, and Morocco, to understand its potential and ensure we are positioned to address customer demand as it evolves
Supplying low or zero-carbon fuels in retail and commercial segments
We are continually monitoring and responding to Retail and Commercial customers’ demands for new technologies and lower-carbon alternatives such as LPG, solar or other commercially attractive options, as part of the transition.
Achieving lower emissions logistics
We are engaging with our fuel delivery fleet suppliers to minimise the climate impact of trucks used for transporting our fuel to end-users. To minimise fuel usage, we are prioritising pipeline and rail transport ahead of road, where possible.