“Our frontline role is to work with people in the countries where we are based, to help them develop sustainably."
Jean-Noël Bouassi-Bouassi,
Subsidiary Deputy General Manager
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90°3'3"W
Our Sustainability approach
Our Sustainability approach
At Perenco, sustainable development is a fundamental aspect of our long-term value proposition.
Our Sustainability strategy addresses the world’s evolving energy needs, by leveraging our culture of innovation and our ability to create lasting partnerships. At the core of this strategy lies our commitment to ensure and promote strict environmental and Human Resources standards.
Our Sustainability strategy build on four pillars:
1
Address the climate issue
2
Preserve people and nature
3
Develop employees and territories
4
Integrate sustainability in governance and processes
Climate
At Perenco, we recognise climate change as one of the greatest global challenges.
Acknowledging the pivotal role of the Oil and Gas industry in addressing this issue, we have developed a Climate strategy that aligns with global sustainability initiatives and best practices, such as the Paris Agreement, the Global Reporting Initiative (GRI), IPIECA and OGCI.
Our Climate strategy focuses on three main pillars:
- Decarbonise our production process
- Develop our sustainability offering
- Contribute to local energy transition
In recent years, we have developed a 2030 Climate and Energy Transition Plan, delineating our company's main climate objectives.
50°36’47”N
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- Our main objectives
- 45% reduction in scope 1 emissions at isoperimetre (2023 baseline) by 2030
- Near zero methane intensity ambition by 2030 and implementation of our Leak Detection And Repair (LDAR) plan
- Zero routine flaring ambition by 2030 at 2023 isoperimetre (excluding safety flaring and subject to contractual and mineral rights possibilities)
“The CO2 injection project in the UK is a typical example of the Perenco philosophy and how it is tackling issues, such as climate change through industry decarbonation, with a tailored and innovative approach.”
Louis Hannecart
Group CCS Manager
“The CO2 injection project in the UK is a typical example of the Perenco philosophy and how it is tackling issues, such as climate change through industry decarbonation, with a tailored and innovative approach.”
Louis Hannecart
Group CCS Manager
Decarbonise our production process
The implementation of our 2030 Climate and Energy Transition plan requires collaboration among various disciplines across the Group, all working towards a shared decarbonisation objective. The plan’s roadmap encompasses 150 projects, including:
WELL SHUT INS
Review of high gas to oil ratio (GOR) wells and shut ins when acceptable
VENTING REDUCTION AND VAPOR RECOVERY
Capturing of vented or flared gas
SUBSURFACE GAS STORAGE
Rerouting of flared gas into safe underground reservoirs
ELECTRIFICATION
Replacing higher emission-intensive energy sources with electricity
RENEWABLE ENERGY
Replacing higher emission-intensive energy sources with renewable energy
PRODUCTION RATIONALISATION AND ENERGY EFFICIENCY
Simplifying and improving power generation
2°10’18”S
9°48’10”E
2°10’18”S
9°48’10”E
Decarbonise our production process
The implementation of our 2030 Climate and Energy Transition plan requires collaboration among various disciplines across the Group, all working towards a shared decarbonisation objective. The plan’s roadmap encompasses 150 projects, including:
WELL SHUT INS
Review of high gas to oil ratio (GOR) wells and shut ins when acceptable
VENTING REDUCTION AND VAPOR RECOVERY
Capturing of vented or flared gas
SUBSURFACE GAS STORAGE
Rerouting of flared gas into safe underground reservoirs
ELECTRIFICATION
Replacing higher emission-intensive energy sources with electricity
RENEWABLE ENERGY
Replacing higher emission-intensive energy sources with renewable energy
PRODUCTION RATIONALISATION AND ENERGY EFFICIENCY
Simplifying and improving power generation
DEVELOP OUR SUSTAINABILITY OFFERING
Perenco is engaged in the development of projects around Carbon Capture and Storage (CCS).
We believe that CCS presents a reliable method for decarbonising industries, especially those where it is challenging to eliminate CO2 emissions, such as steel, cement, or the chemical sector.
We see CCS as a technology which has the potential to drastically reduce GHG emissions whilst helping industries remain competitive. This is a natural continuity from our upstream activities, as carbon storage requires underground storage capacity, surface infrastructure, and the technical know-how to manage these facilities and subsurface reservoirs. In 2023, Perenco UK secured three licenses for the development of CCS projects in the UK.
Perenco is supporting the energy transition through world class Carbon Capture and Storage (CCS) projects.
To learn more visit the dedicated website :
Perenco CCS Video
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04:28
CONTRIBUTE TO THE LOCAL ENERGY TRANSITION
At Perenco, we are fully committed to supporting a Just Energy Transition in the countries where we operate by facilitating access to affordable and sustainable energy. We help them in the development of their infrastructure, economies and in fulfilling their climate change commitments.
We collaborate closely to harmonise their energy and economic development needs with their climate objectives. This is achieved through direct action on our part, or by forging strategic partnerships to help local governments reach a lower-carbon energy mix.
We are developing various new energies perspectives such as:
- Developing gas networks
- Converting gas to electricity
- Converting gas to LNG
- Investing in Renewables
Developing gas networks to support the energy transition. In Cameroon, Gabon and Tunisia our projects have contributed to drastically reduce domestic gas imports (LPG).
In our strategy we always start the local development by delivering gas to local power plants, facilitating the energy transition for the country and improving the power reliability. This is what we have done for the city of Moundou only seven months after acquiring our assets in Chad.
Since 2008, we have built extensive expertise in Liquefied Natural Gas (LNG) projects in Tunisia and Cameroon, exemplified by our development of Hilli Episeyo, the world’s first floating LNG Vessel. Leveraging this knowledge, we have successfully undertaken similar projects in Gabon.
We are deploying renewables energy solutions when possible, to supply electricity for our own operations or for local needs. In Tunisia we have built a solar farm to power the national network. In the United Kingdom, we have invested in fuel cell technology to power facilities.
People and Nature
At Perenco, we prioritise people safety and the preservation of natural ecosystems in the regions where we operate. To fulfil these commitments, we have developed robust strategies aiming to ensure safety and minimise our environmental impact.
- Our main objectives
- Zero lost-time incidents
- Zero major process Tier 1 safety events
- Zero hydrocarbon pollution
- ISO 14001 and ISO 45001 certification for all subsidiaries QHSE management systems by 2025
- Zero net deforestation by 2025
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74°35’36”W
“The safety of people, assets and our environment are our first priority. This is only made possible by rigorous management and well-trained teams.”
Samantha Inglefield
QHSE and CSR Manager
“The safety of people, assets and our environment are our first priority. This is only made possible by rigorous management and well-trained teams.”
Samantha Inglefield
QHSE and CSR Manager
MAINTAIN THE HEALTH AND SAFETY OF OUR WORKERS
At Perenco, we are dedicated to maintaining safe and healthy working conditions for our employees. This commitment is supported by internal and external training programmes that equip our workforce with the necessary skills and knowledge.
Our «Work Safely Initiative» developed in collaboration with DSS+, a consulting firm specialising in safety and operational excellence services for the industry has the objective to raise safety awareness and engagement from senior management to all on-site workers.
In 2023 the initiative has been deployed in four subsidiaries (Cameroon, Congo, DRC and Gabon,) and 1450 managers, supervisors and team leaders underwent training.
PRESERVE NATURAL ECOSYSTEMS
Like many upstream Oil and Gas companies, we operate in remote areas, both onshore and offshore, where we carry out extraction activities. To minimise our impact, we are committed to operating with minimal environmental disturbance, focusing on the following areas:
Employees and Territories
People are the driving force behind our success, whether they are our workers or members of local communities. At Perenco, we are committed to the well-being and development of our staff and to investing in local community projects that align with our values and enable us to grow together in a sustainable way.
- Our main objectives
- 100% of employees trained each year by 2025
- Design a Perenco minimum social and health foundation for all employees by 2025
- Sponsor 50 students through the Perenco scholarship program every year by 2030
EMPOWER OUR WORKFORCE
At Perenco, we prioritise the continuous training and development of our employees, to ensure that they are equipped with the best skills and technical expertise to thrive in their roles.
To achieve this, we provide personalised career management support.
Recognising the diverse needs and demands for enhanced skills, we offer a range of development avenues, including classroom training, seminars, and e-learning courses.
Barge Training Centre presentation
01 : 50
01:50
BARGE TRAINING CENTRE
One training centre. Five countries.
The Barge Training Centre is a ground-breaking solution which flows seamlessly with our training needs from Cameroon and Gabon down into the Republic of Congo and the Democratic Republic of Congo (DRC).
It’s a floating centre which moves to wherever training is most needed.
After a successful year in 2022, Perenco extended the reach of the Barge Training Centre in 2023 to include Chad staff that got their training alongside Cameroon.
In 2023, we trained more than 1,700 employees coming from our 5 African subsidiaries.
At Perenco maintaining good operational practices day in, day out, isn’t the exception, it’s the rule. Because we’re constantly evolving, we have to review and revise regularly across our multidisciplinary and multicultural teams.
The Training Barge team is drawn from across West Africa and the rest of the world, we have some of our most experienced hands working on the project.
This in-house solution offers training in: Construction, QHSE, Production, Mechanics, Electricity, Instrumentation and Well Operations.
Staff can expect training including theoretical courses, practical group work, and running through scenarios which might unfold on our sites.
The courses provided by Perenco are first and foremost an effective way of ensuring safety in all we do, by enabling employees to acquire practical, up-to-date skills adapted to their working environment in the oil and gas sector.
1°26’32”S
8°40’27”E
One training centre. Five countries.
The Barge Training Centre is a ground-breaking solution which flows seamlessly with our training needs from Cameroon and Gabon down into the Republic of Congo and the Democratic Republic of Congo (DRC).
It’s a floating centre which moves to wherever training is most needed.
After a successful year in 2022, Perenco extended the reach of the Barge Training Centre in 2023 to include Chad staff that got their training alongside Cameroon.
In 2023, we trained more than 1,700 employees coming from our 5 African subsidiaries.
At Perenco maintaining good operational practices day in, day out, isn’t the exception, it’s the rule. Because we’re constantly evolving, we have to review and revise regularly across our multidisciplinary and multicultural teams.
The Training Barge team is drawn from across West Africa and the rest of the world, we have some of our most experienced hands working on the project.
This in-house solution offers training in: Construction, QHSE, Production, Mechanics, Electricity, Instrumentation and Well Operations.
Staff can expect training including theoretical courses, practical group work, and running through scenarios which might unfold on our sites.
The courses provided by Perenco are first and foremost an effective way of ensuring safety in all we do, by enabling employees to acquire practical, up-to-date skills adapted to their working environment in the oil and gas sector.
“We try to use what we’ve learned in all the places that we work, which is what makes this project really special. It’s that exchange of knowledge that’s really important at Perenco.”
Benjamin Rambaud
Barge Training Centre Coordinator
OUR CORPORATE SOCIAL RESPONSIBILITY POLICY
We collaborate with local stakeholders in the regions where we operate. Our key priorities include:
1. Demonstrating responsibility and fostering long-term engagement by sharing our expertise with local partners at all levels.
2. Identifying stakeholders needs and supporting them in their progressive autonomy.
3. Empowering communities to lead positive and sustainable projects on a global scale.
Our CSR Policy in picture
Governance
Sustainability governance
At Perenco, our corporate governance is guided by our values and aims to ensure we operate safely, responsibly, sustainably in strict compliance with local regulations.
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Ethics and transparency
At a global level, our confidential whistle-blowing mechanism encourages employees to report any concern or violation concerning our Ethics and Business Integrity policy by contacting our compliance team via email either at Group level (compliance@perenco.com) and/or using the local subsidiary compliance channels.
These whistleblowing channels may also be used by external stakeholders to report a violation.
At Perenco, we are committed to support the highest ethical standards in our interactions with employees, customers, suppliers, partners, local communities, and public authorities.
Our Goals are:
- To promote and maintain honesty, integrity, and high ethical standards.
- To prevent financial and reputational damage to Perenco and its staff.
Perenco personnel are committed to achieving these goals:
- Managers are responsible and accountable for upholding and communicating this policy and leading by example.
- All Perenco personnel must comply with this policy and promptly report concerns and violations.
To ensure compliance with our Ethics and Business Integrity Policy we:
- Comply with all laws governing Perenco and its operations as well as Perenco internal policies including those on Health and Safety, Environment, Security and Social Responsibilities.
- Treat all staff, business partners and local communities fairly and with respect.
- Ensure we avoid making any illegal payments including to customers, agents, and host governments.
- Avoid all conflicts of interest including any transactions which could be perceived as conflicts of interest.
- Ensure all Perenco documentation, including financial accounts and records, are accurate, complete, and truthful.
- Maintain the confidentiality of commercially sensitive information.
- Compete fairly.
- Report all violations and concerns in a spirit of openness and transparency.
Reports
Our Sustainability Report reflects of our Environmental, Social, and Governance (ESG) commitments and outlines our roadmap for the future.
The report is supported by our global Sustainability strategy and governance, a detailed action plan and a set of established key performance indicators (KPIs) and quantifiable targets to monitor its implementation.
To find out more about our sustainable reports, please explore the documents listed below:
