Key Highlights from 2024
SHV Energy made significant strides in various areas over the past year:
Environment
- Reduction in logistics-related emissions: SHV Energy expanded the use of hydrotreated vegetable oil (HVO) diesel across its transportation fleet in several businesses to reduce emissions.
- Resource circularity roadmap: A three-year roadmap was outlined to drive progress through data collection, strategy development, and target setting.
Social
- Transport safety enhancements: The company refined its Transport Safety Compliance Standard, specified truck equipment requirements, and rolled out enhanced safety plans, including for third-party transport.
- Investment in people and sustainability: SHV Energy invested in its people and long-term business sustainability through initiatives like the Mentoring Programme, Safety Academy, and Digital Transformation Academy. A total of 418 leaders and employees were trained through seven global development programs.
- Fair pay maturity assessment: A fair pay maturity assessment was implemented across the businesses, evaluating compensation procedures and transparency.
- Global customer experience programme: A global customer experience (CX) programme was developed to ensure consistent practices across all regions, helping SHV Energy better serve customers worldwide and support their progress in the energy transition.
- Access to cleaner energy: SHV Energy joined the WLGA Cooking for Life Africa taskforce as part of its focus on providing access to cleaner energy.
Governance
- Ethics & compliance: Validation workshops on key topics like anti-bribery and corruption were hosted, business-wide assessments were conducted, mitigation measures were reviewed, and best practices were shared with compliance officers.
Strategic enablers
- Global cybersecurity awareness campaigns: The first annual Global Cybersecurity Awareness Day was launched to enhance company-wide awareness and foster knowledge sharing.
- Sustainability innovation: Projects from the 2023 Open Innovation Challenge were scaled, including the SensorFact solution to optimise electricity use across locations.
"More than ever, sustainability is central to our strategy and future-proofing our business. Together with our partners, we can leverage our scale and position as a leading off grid- energy distributor to act as a sector catalyst in the global energy transition, ensuring it endures and works for everyone.”
Said CEO, Patrick van der Voort.
