Sustainability

As the external environment has deteriorated due to COVID-19, it has not lessened our focus on ESG

Acting with integrity and respect and supporting and sustaining the communities in which we operate have always been central to Genel’s success as a business. We operate in a rapidly changing environment, and we are aware of the responsibility all natural resources companies have to minimise the footprint of their operations.

Yet the correct utilisation of natural resources can reduce energy poverty, power hospitals and schools, and hugely improve quality of life by delivering economic benefits that can support a region’s growth and contribute to the building of a stable and secure economy. We take pride in the positive impact that our operations have on the Kurdistan Region of Iraq. Genel has focused on boosting local employment opportunities, building a supply chain with local companies, and making direct investment in projects, while simultaneously generating revenues from Taq Taq and Tawke that have formed the bedrock of the KRI’s economic growth

Having a positive impact on the local community is just one part of our responsibility as we continue our journey to meet head on the new challenges associated with the energy transition. As we develop in this area, I am determined for Genel to further enhance and fully embed a culture of social and environmental responsibility throughout the organisation, based on clear corporate values, as a foundation to deliver results across all elements of the business. We are proud of the work we are doing, but very aware that we have a long way to go in a rapidly changing landscape. Nevertheless, we have the talent, skill sets, and commitment at the highest levels of the Group to meet the challenges ahead and thrive in a new landscape.

Genel has published its first comprehensive Sustainability Report, detailing our activities as we aim to positively impact the communities in which we operate, and meet head on the challenges associated with the energy transition.

Environmental

Environmental stewardship is central to Genel’s operations and a cornerstone to the company’s commitment to preserving the natural heritage of the areas in which we work. Genel makes every effort to minimize environmental impacts relating to water, climate and waste management.

Social

Natural resources, utilised in the right way, can be a huge benefit to the quality of life in host countries. Genel aims to ensure that this is the case. We want to be known as a company that cares, that lives our values, listens to the communities affected by our activities and plays an appropriate role in meeting their developmental aspirations.

Governance

Genel’s governance ensures that the management of climate change, along with other environmental and social risks, is integrated across all levels of the business and is periodically reassessed.

Genel has defined a clear set of values that capture the spirit and of the Company, providing a creed in a way that each employee can work by and be proud of. Genel is a company that cares – about our employees, about the environment, about doing things in a better way and make a tangible difference to people’s lives in the areas in which we operate.

The values are practical and aligned with Genel’s goals – they are values that we live and work by on a daily basis that guide the direction in which Genel Energy is going. As we adhere to these values, it is our belief that the strategic goals of the business will be delivered. We want people who share our values – the right people, delivering the right actions, in the right way.

  • Integrity

  • Respect

  • Accountability

  • Collaboration

  • Ingenuity

sustainability stories

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