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 2024 we added solar to 38 retail sites and one depot.
Supporting electric vehicles (EVs) in our retail segment
We have continued piloting EV charging infrastructure, rolling out more charging stations in several 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 lower-carbon fuels in retail and commercial segments
We are continually monitoring and responding to Retail and Commercial customers’ demands for new solutions as part of the transition. This includes digital technologies that support our customers to operate more efficiently, such as our VE-CEM (Continuous Equipment Monitoring) solution launched in partnership with Intangles, as well as lower-carbon fuels like LPG or CNG.
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. We are introducing digital technologies – such as our VE-CEM solution - to help operators manage their fleets more efficiently. To minimise fuel usage, we are prioritising pipeline and rail transport ahead of road, where possible.