Our Commitment to Sustainability
At Prime Reserve Terminal, we approach sustainability from multiple perspectives.
For us, sustainability means driving innovation and transforming our business to support and accelerate the global energy transition. It involves investing in advanced solutions at our terminals and facilities to minimize our environmental footprint.
Sustainability also means building a company that stands the test of time—focusing on healthy growth, robust governance, and ensuring safe, equitable working conditions throughout our operations. At Prime Reserve Terminal, sustainability isn’t just a goal; it’s integral to how we operate today and plan for tomorrow.
Sustainable Energy Sources
Access to reliable and affordable energy is essential for both people and economies to thrive. Safely and securely delivering energy has been the foundation of our operations since the very beginning. Through our storage terminals and energy infrastructure, Prime Reserve Terminal plays a key role in advancing the United Nations Sustainable Development Goal 7—“Access to affordable, reliable, sustainable, and modern energy for all.”
As part of our Strategy 2028, we made a firm commitment to support the global energy transition. Our ambitious goal is to generate 50% of our earnings from sustainable and transitional energy sources by 2028.
We focus on infrastructure with the greatest potential to deliver value for our customers and the environment. This includes working with more sustainable fuels such as sustainable aviation fuel (SAF), biodiesel, and transitional fuels like liquefied natural gas (LNG). Additionally, we are actively exploring hydrogen and expanding into renewable energy generation, including renewable natural gas (RNG). At Prime Reserve Terminal, we are dedicated to shaping a cleaner, more sustainable energy future.
Sustainability at Our Terminals
We are dedicated to continually finding ways to reduce the environmental impact of our operations. Our commitment to sustainability drives us to implement initiatives that improve efficiency, protect natural resources, and enhance the safety of our facilities.
Steps We’ve Taken So Far:
- Enhancing energy efficiency at our terminals and transitioning to renewable energy sources for our operations.
- Investing in vapour recovery technology to reduce vapour emissions and minimize losses.
- Implementing measures to prevent spills and ensure containment, safeguarding the environment.
- Reducing water consumption and maintaining full control over wastewater treatment and disposal.
- Utilizing the Process Safety Score Card (PSSC) method to ensure the highest standards of process safety.
- Promoting onsite biodiversity by taking steps like planting mangroves at our facilities in Malaysia.
- Minimizing waste generation, particularly from tank cleaning activities.
Prime Reserve Terminal
Reliable energy for a brighter tomorrow
Safety and Security
At Prime Reserve Terminal, protecting people and the environment is a cornerstone of our commitment to operating a sustainable and responsible business. We maintain an unwavering focus on safety and security at all our locations and remain vigilant against any potential threats to our operations.
Accountability
Accountability for sustainability is embedded at the highest levels of Prime Reserve Terminal. Our leadership team actively monitors our Environmental, Social, and Governance (ESG) impact, guided by a dedicated ESG Committee. This committee sets clear targets, ensures appropriate actions are implemented, and tracks progress toward achieving our sustainability objectives.
We foster responsible behavior across our organization through a well-defined Code of Conduct, rigorous policies, and thorough training programs, including our 8 Golden Compliance Rules. Our comprehensive compliance training, developed in partnership with our facilities, provides foundational education for all employees and includes specialized modules tailored to specific roles. In 2023, over half of our workforce participated in compliance training, ensuring alignment with our values and standards.
Sustainability Reporting
The Prime Reserve Terminal 2023 Sustainability Report offers valuable insights into our progress on key ESG topics and reflects our unwavering dedication to sustainability and ethical business practices. This report marks an important step toward compliance with the EU’s Corporate Sustainability Reporting Directive (CSRD), which will apply to us starting in 2026.
Highlights from the Report:
- 42% Reduction in greenhouse gas emissions (Scope 1 & 2) compared to our 2019 baseline.
- Improved Safety Metrics, with a reduction in incident and spill rates versus 2022. Targeted health, safety, and environment (HSE) plans have been implemented, focusing on spill prevention, waterside safety (ship/shore operations), and enhancing the reliability of plant assets.
- Increased Leadership Diversity, with two additional women joining our leadership team, bringing the total to five out of eleven. Additionally, our Supervisory Board of Directors now includes two women out of five voting positions, reflecting our commitment to gender diversity.
At Prime Reserve Terminal, we take pride in these achievements as we continue to advance sustainability and promote a culture of responsibility, innovation, and care for our people and the environment.
