Euphrates Energy is committed to delivering energy responsibly and creating lasting value for our stakeholders.
We incorporate ESG considerations into all our activities and strive to always conduct business with integrity; respecting the laws and culture of countries where we operate as well as the dignity and rights of individuals in those countries.
Euphrates Energy will:
- Develop a portfolio of energy solutions that meet energy demand and enhance energy security.
- Act as a responsible steward of producing assets by optimising production while minimising the environmental impact
- Seek to work with JV partners who share these objectives
- Support developing economies and ensure local communities benefit from positive socio-economic impact
- Euphrates Energy’s strategy takes into account the United Nations Sustainable Development Goals and will align itself with specific targets as the business grows
- Conduct our business in full compliance with all legal and regulatory requirements.
- Encourage dialogue with local communities for mutual benefit
- Support and encourage our employees to help local community organisations and activities
- Operate an equal opportunities policy for all present and potential future employees
- Provide safeguards to ensure that all employees of whatever nationality, colour, race, or religious belief are treated with respect and without sexual, physical or mental harassment
The Company’s code of ethics and business conduct can be accessed via the following link:
Mahdi Sajjad
CEO
CEO Statement
Euphrates Energy’s commitment to ESG principles and values guides our behaviours and enables us to drive our business forward, deliver on our vision, and influences the impact we make on the world around us.
This commitment means carefully considering the potential impact of our activities and how local communities and the surrounding environment may be affected before, during and at the end of our operations.
One of our first actions as a management team was to develop a strong Code of Ethics which is available here. This sets out the basis on which we want to conduct all our business and we will endeavour to ensure that all our investors, banks, staff, consultants, advisers, partners, suppliers and customers operate in a manner consistent with the principles of our Code.
Our alignment with stakeholders is critical. As the world evolves through the energy transition, we see an important opportunity for Euphrates to demonstrate its operational excellence and asset management in supporting host governments and NOCs/IOCs with their transition strategies as they divest non-core oil & gas assets. By positioning ourselves as a credible, responsible and well-funded operator, we can acquire assets and maintain the positive socio-economic impact derived from the industry for the benefit of our host governments and their citizens.
We are committed to responsible environmental stewardship and seek to manage our operations accordingly. As a business operating in an extractive industry, we seek to protect the surrounding natural resources and environments and to prevent incidents from occurring. In line with our goal of becoming a trusted counterparty of choice, our stakeholders expect us to protect these resources and set strict and high standards of adherence. This commitment is shared by management and all employees, and we seek to align with partners and other third parties who share these values.
We focus, therefore, on reducing risks, minimising environmental impact, maintaining compliance and seeking best practices and continuous improvement in all of our operational processes. We also place a high emphasis on the importance of Governance and Transparency, so we can be held accountable by all stakeholders.
As the Company grows, Euphrates Energy will increasingly align with the United Nations Sustainable Development Goals (“UNSDG”), which calls on individuals, corporations and governments to work together and toward the ultimate, unified goal of creating a better and more sustainable future for all citizens globally. We challenge ourselves to consider these topics and more when we execute our business model, corporate strategy, daily operations and risk management practices.
Our approach provides a strong foundation that supports our vision, guides our behaviours and influences the impact we make on the world around us, while generating significant long-term value for all stakeholders.