We aim to have a positive economic impact on all areas in which we operate, both by growing the production of hydrocarbons and directly supporting the communities in which we operate. Examples of how we do this can be seen below.

We strongly believe that fulfilling our purpose requires that Genel not only be measured by what we achieve, but also by the way in which we achieve it.

As part of our efforts to further strengthen our ESG performance, Genel continued its commitment to the UN Sustainable Development Goals and UN Global Compact’s 10 Principles on human rights, labour standards, environment, and anti-corruption. Genel is also a member of both Transparency International UK and Trace. Furthermore, our corporate values embody the way in which we live and work on a daily basis, the Code of Conduct trainings that we conducted in 2020 stem from these values and illustrate our dedication to acting the right way towards all stakeholders.

The pandemic caused many people to reassess the fundamentals of the global economy, including the importance of adapting to the energy transition and integrating climate awareness into business strategies. We see our low-carbon and low-cost asset strategy as being the right one for the energy transition, and this has been a key focus area for our management team this past year. 2020 saw the elimination of routine flaring at Peshkabir, the development of a GHG emissions management standard, our first submission to CDP, and the issuing of our first GRI compliant Sustainability Report.