Sustainable values and sustainable strategy of Petrol
Sustainable values and a sustainable strategy are the foundation of Petrol's business model. With a comprehensive offer of modern energy-environment solutions we ensure reliable, economical and environmentally-friendly supply, and together with our partners, we create a low-carbon society. Through our actions, we daily demonstrate social responsibility and commitment to sustainable development.
Our values are:
- Respect: We respect the fellow men and the environment.
- Trust: We build a partnership with fairness.
- Excellence: We want to be the best at everything we do.
- Creativity: We make progress with our ideas.
- Courage: We work diligently and bravely.
In Petrol we feel a special responsibility towards our employees, customers, suppliers, business partners, owners and society as a whole. We realize their expectations with motivated and entrepreneurial oriented employees, we take into account the basic legal and moral rules of Slovenian society and wider European criteria and we take care of the environment.
Petrol's sustainable development strategy
As one of the key energy companies in Slovenia and in the countries of South Eastern Europe, the Petrol Group has taken an active role in increasing energy independence, energy efficiency and increasing the share of renewable energy sources in the markets where we operate. In the long term, we strive to create an ever-growing energy mix, even when it comes to sustainable mobility.
The transition to the circular economy is recognized as an opportunity for new business models, greater material efficiency and the opening of new green jobs, naturally with the reduction of the environmental footprint. With our sustainable strategy, we are committed to reducing the use of primary raw materials, separating waste at source and generating as clean as possible fractions and increasing material recovery. In places where it is not possible or reasonable, we are committed to the energy use of waste.
The Petrol Group’s sustainable development is based on three pillars: low-carbon company, partnership with employees and the social environment, and circular economy. These are the pillars used to manage the ESG factors and which socially responsible investors and other stakeholders use to judge us by. We have defined the key cornerstones and goals by 2022 for each pillar and we measure them accordingly.
Sustainable development is a priority in our new development strategy by 2025, as we have set ourselves an ambitious goal to reduce our carbon footprint by 40 percent.
Through strategic investments we are actively increasing the share of electricity generation from renewable energy resources in the markets where we operate. Annually, we produce considerably more green energy than we use for our own operations. We are actively engaged in a range of activities to increase energy efficiency, where we are recognised as a successful and reliable partner. Being a strategic partner in the energy transition with an excellent, “wow”, user experience, we want to responsibly reduce our own environmental footprint as well as utilise the great market and environmental potential to further promote transition to a more sustainable, low-carbon energy market.
In the period of 2021–2025, we will allocate EUR 698 million for investments, of which 35 percent into the energy transition. In 2025, the total installed capacity in our wind and solar power plants will amount to 164 MW, which is 78 percent more than in 2020. Furthermore, we will increase the number of electric charging stations to 1,575, and with energy renovation projects, we will generate 73 GWh of energy savings for end customers. These investments will significantly contribute towards further improving energy efficiency and achieving national decarbonisation targets.
We will continue to keep a close eye on the development of advanced and more eco-friendly fuels to embrace alternative mobility. We offer Q Max LPG Autogas at almost one hundred service stations, the largest LPG network in Slovenia. We plan to build 13 CNG filling stations at our service stations in Slovenia by 2022.
The largest share of our investments are earmarked for electric mobility. Petrol has the widest network of e-charging stations in Slovenia and more than 350 charging stations in the region. By 2025, we will set up more than 1,300 new e-charging stations. In the field of electric mobility, we are focused on two key segments, that is, the charging infrastructure, which includes the establishment, management and maintenance of the electric vehicle charging infrastructure and the provision of charging services, and mobility services such as business leasing, fleet electrification and fleet management services. With this, we enable companies to gradually switch to a more cost-effective and environmentally efficient electric mobility. In the future, we intend to increase the inclusion of hydrogen into our development projects.