“Our objective is not only to ensure that ESG is embedded into our business, but also to seek to engage and incentivise our employees to actively contribute to these goals.”

Taleh Musayev,
Chief Sustainability Officer

Working Responsibly

We are committed to integrating Environment, Social, and Governance (ESG) to the core of our operations. By doing this, we aim to create long term value for our stakeholders, supporting the transition to a lower-emissions energy system.

ESG Initiatives

Understand and manage our corporate GHG footprint

At SOCAR Trading, we monitor our greenhouse gas (GHG) emissions and continuously improve our understanding of our carbon footprint. This helps us identify material emission sources and evaluate opportunities for targeted emissions reduction initiatives across our operations.

Reduce the carbon intensity of shipping operations

We hold regular communication with shipping and trading teams to discover potential opportunities for shipping optimization to ensure quality service to our clients and minimize the environmental impact of our activities.

Develop zero and low carbon trading capabilities

Since 2021, we have been developing our environmental product and biofuels trading capabilities. We are now active on both compliance and voluntary carbon markets and are developing carbon projects in our core markets.

CSR initiatives

At SOCAR Trading we encourage our employees to propose CSR projects of different scales emphasizing clear statements on the advantages and benefits of the proposed project for the Company, society, and the environment.

Learn More

Understand and manage our corporate GHG footprint

At SOCAR Trading, we monitor our greenhouse gas (GHG) emissions and continuously improve our understanding of our carbon footprint. This helps us identify material emission sources and evaluate opportunities for targeted emissions reduction initiatives across our operations.

Reduce the carbon intensity of shipping operations

We hold regular communication with shipping and trading teams to discover potential opportunities for shipping optimization to ensure quality service to our clients and minimize the environmental impact of our activities.

Develop zero and low carbon trading capabilities

Since 2021, we have been developing our environmental product and biofuels trading capabilities. We are now active on both compliance and voluntary carbon markets and are developing carbon projects in our core markets.

CSR initiatives

At SOCAR Trading we encourage our employees to propose CSR projects of different scales emphasizing clear statements on the advantages and benefits of the proposed project for the Company, society, and the environment.

Learn More

Our Approach

We aspire to contribute to energy transition by trading less carbon intensive energy products and understanding our negative impact on the environment. We are committed to operating in accordance with ethical standards throughout our value chain. Development Strategy We are committed to developing and following company’s strategy to stay competitive in the current energy trading environment. We are committed to enhancing our governance capacity to identify and manage our impact on the economy, environment and people. Governing with purpose Enabling Energy Transition Trading Responsibly Material topics
Material topics Trading responsibly We are committed to operating in accordance with ethical standards throughout our value chain. Enabling the energy transition We aspire to contribute to energy transition by trading less carbon intensive energy products and understanding our negative impact on the environment.   Governing with purpose We are committed to enhancing our governance capacity to identify and manage our impact on the economy, environment and people. Development Strategy We are committed to developing and following company’s strategy to stay competitive in the current energy trading environment.

ESG Objectives

About us
Understanding our operations
  • Assess our ESG-related performance
  • Report on ESG-related performance
  • Enhance ESG governance
About us
Reducing our negative impacts
  • Reduce carbon intensity of the trading portfolio
  • Reduce our administrative emissions
  • Optimize logistics to reduce carbon intensity of the chartering activity
  • Manage operational, legal and regulatory risks
  • Employee safety and wellbeing
  • Respect for Human Rights
About us
Enhancing our ESG competence
  • Generate Sustainable earnings from core business
  • Increase activity in transitional commodity trading
  • Develop zero and low carbon trading capabilities
  • Employee training and development

ESG Publications

Sustainable Procurement and Supply Chain

The Sustainable Procurement and Supply Chain policy helps us to ensure that sustainability is embedded across entire company and its supply chain. This policy sets out general principles that SOCAR Trading follows across its procurement and supply chain activities.

ESG Report 2024

At SOCAR Trading we produce annual ESG reports which outline our aspirations, commitments, and key achievements with respect to material ESG topics. To access the reports, please submit a request using this form.

You can also download our Publicly Available version of ESG Report 2024 via this link. For the full version of the document, kindly submit a request.

HSEC

The core principle of our HSEC policy is to ensure that “no one is harmed by our operational activities, the environmental impact is managed appropriately, and socio-economic prosperity is promoted in the communities impacted by our operations”.

CSR Policy

At SOCAR Trading we are committed to implementing a threefold approach to the company’s economic, environmental and social aspects. The CSR policy encourages us and our employees to behave in a socially responsible manner by integrating CSR management practices into the company.

Sustainable Procurement and Supply Chain

The Sustainable Procurement and Supply Chain policy helps us to ensure that sustainability is embedded across entire company and its supply chain. This policy sets out general principles that SOCAR Trading follows across its procurement and supply chain activities.

ESG Report 2024

At SOCAR Trading we produce annual ESG reports which outline our aspirations, commitments, and key achievements with respect to material ESG topics. To access the reports, please submit a request using this form.

You can also download our Publicly Available version of ESG Report 2024 via this link. For the full version of the document, kindly submit a request.

HSEC

The core principle of our HSEC policy is to ensure that “no one is harmed by our operational activities, the environmental impact is managed appropriately, and socio-economic prosperity is promoted in the communities impacted by our operations”.

CSR Policy

At SOCAR Trading we are committed to implementing a threefold approach to the company’s economic, environmental and social aspects. The CSR policy encourages us and our employees to behave in a socially responsible manner by integrating CSR management practices into the company.

ESG Reports

Our annual ESG Reports are available upon request.
Please fill out the form in our “Contact us” page.