Alkagesta’s 2022 ESG Report reaffirms the company’s commitment to responsible growth, ethical governance, and sustainable business practices. Guided by the United Nations Sustainable Development Goals (UN SDGs), Alkagesta continues advancing its Environmental, Social, and Governance (ESG) framework to create long-term value and contribute to global sustainability.

Approach to ESG

In 2022, Alkagesta strengthened its ESG journey initiated in 2021 by integrating sustainability across all business operations. The company traded over 2.6 million metric tons of petroleum and fertilizer products worldwide, directly supporting global energy and food security.
Alkagesta prioritizes UN SDGs 3, 7, 8, 9, 12, 13, and 17, reflecting its focus on health, clean energy, innovation, responsible consumption, climate action, and partnerships.

Sustainability Strategy

Alkagesta’s sustainability strategy is anchored in strong governance, environmental stewardship, and social responsibility. In 2022, the company implemented concrete ESG actions, including:

  • Participation and sponsorship of major international sustainability conferences
  • Investment in a Used Cooking Oil (UCO) Recycling Plant as part of its green investment portfolio
  • Establishing Vessel Vetting policy that assesses the safety, environmental, and operational performance of every vessel we charter.

This framework — Monitor, Act, and Track Performance — ensures Alkagesta’s ESG objectives are measurable, transparent, and continuously improved.

Governance for Sustainable Growth

Alkagesta upholds the highest standards of corporate governance to ensure long-term value creation. The Board of Directors and the Executive Board, supported by the Audit, Risk, Finance & Investment, Trading & Business Development, and ESG & Compliance Committees, ensures effective oversight and ethical management.
The ESG and Compliance Committee plays a vital role in assessing ESG performance, identifying risks and opportunities, and integrating sustainability considerations into strategy and operations.
Through strong governance and transparent reporting, Alkagesta fosters trust among stakeholders and reinforces its reputation as a responsible global trading company.

Responsible Operations

Alkagesta’s comprehensive Compliance Program includes robust Anti-Bribery and Corruption (ABC), Anti-Money Laundering (AML/CFT), Sanctions, and Know Your Customer (KYC) policies. Tools such as World-Check and SeaSearcher strengthen due diligence and maritime compliance.
In 2022 alone, Alkagesta conducted 247 vessel screenings and 97 counterpart KYC assessments, ensuring that all partners adhere to ethical and environmental standards.
Through vessel vetting and liability insurance coverage, the company minimizes environmental risk and promotes safe, sustainable trade operations.

Sustainable Investment: Used Cooking Oil (UCO) Recycling Plant

A highlight of 2022 was Alkagesta’s acquisition of a Used Cooking Oil (UCO) Recycling Plant, a green investment contributing to the circular economy and renewable energy production.
This project achieved tangible results, including:

  • 733,813 kg of used cooking oil collected
  • 51,366 kg of feedstock produced
  • 2.4 million m³ of water and 7643 animals protected

Beyond environmental benefits, the initiative created social impact by hiring students and individuals with conviction backgrounds, offering training, and supporting social reintegration.

Employer of Choice

Alkagesta fosters a positive, inclusive workplace where respect, diversity, and continuous learning thrive. Initiatives include professional training, mentorship, and transparent communication to enhance employee engagement and development.
In 2022, 100% of employees received human rights training, and zero human rights infringements were recorded.
The company also launched diversity programs, focusing on gender balance, youth employment, and support for individuals with autoimmune diseases, ensuring equality and empowerment across its workforce.

Social Results for 2022

Key achievements include:

  • Zero human rights infringements
  • 12 environmental and ESG awareness trainings
  • 40% of junior hires recruited directly from universities
  • Established framework for supporting individuals with severe autoimmune diseases

Through the Alkagesta Foundation, employees actively participate in community projects promoting education, sustainability, and inclusion.

By embedding sustainability into strategy, investing in green innovation, and empowering people and communities, Alkagesta continues to lead the way as a transparent, ethical, and forward-looking global trading company.

 

 

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