Our sustainability framework

The focus areas of Preem’s sustainability framework are: sustainable products, sustainable value chains, the environment, climate, health and safety, and being a responsible company. The seventh focus area, stable economy, lays the foundation for long-term sustainable management. We chose to divide our focus areas in our reporting as follows: sustainable products, sustainable supply chains, the environment and climate, responsible company, employees, and health and safety.

 

In the focus area People and safety in the sustainability report, we have also included the focus area Employees. 

The sustainability framework lays out Preem’s vision for leading the transition toward a sustainable society and pinpoints the issues that are most important to Preem’s stakeholders and business. The framework defines our aims and goals for each focus area and its underlying subareas. These efforts are managed and followed up over time at various levels of the company, first via our integrated management system, and finally by Seniormanagement and the Management Review, a quarterly forum. Read more about Preem's integrated governance and follow-ups here.

Materiality analysis leads the way

Preem’s sustainability framework is based on a materiality analysis with a stakeholder analysis and business analysis as key sources. The stakeholder analysis was conducted in two steps, an internal and external analysis. Analyses from existing dialogs were also used in this process, including employee surveys and customer satisfaction surveys.

The internal analysis resulted in several highly prioritized sustainability areas, which in turn were weighed against business value. The materiality analysis was then referred to key personnel at Preem for a broad internal dialog and subject to final adoption by Senior management.

Nine stakeholder groups participated in the external stakeholder analysis: employees, suppliers, customers, the Board, partners, local communities, the government and its agencies, banks and the media.

Employees highlighted health and safety, product liability, atmospheric emissions, and discharges to land and water as areas in which Preem should focus its sustainability efforts. Given that health and safety is closely related to Preem’s employees, it is understandable that they considered this area important.

Customers highlighted product liability, business ethics, atmospheric emissions, and discharges to land and water as important areas for Preem. Suppliers also pointed to product liability as a key area along with renewable fuel and resource efficiency. It is understandable that these areas were brought up; given that Preem is a fuel company, many people think that we should reduce our environmental and climate impact while handling our products responsibly. Station owners also called attention to product liability as a key area for Preem’s sustainability efforts along with business ethics and energy security in Sweden.

Overall, the external stakeholder analysis confirmed Preem’s materialities and focus areas.