Sector / Oil and Gas
- Benchmark analysis
- ESG strategy
- Trend analysis
- Dialogue with stakeholders
In view of the growing relevance of the sustainability agenda in the oil and gas sector, and the expansion of its activities through the SPOT Project, Açu Petróleo hired Catavento to prepare its Sustainability Strategy and revise its HSEQ Policy. The project focused on the definition of a corporate ambition, strategic sustainability guidelines, key initiatives and metrics, through context mapping and articulation with relevant executives and stakeholders such as customers and representatives of the financial sector.
The first phase of the project included the mapping of trends and analysis of the performance of peers in sustainability. At this stage, 16 interviews were also conducted between representatives of the shareholders Prumo and Oiltanking, board members, members of the Executive Board and teams, as well as customers, in order to capture their perceptions about the business environment in which Açu Petróleo operates and its potential business opportunities within the sustainability agenda.
In light of the mapped inputs, Catavento recommended Açu Petróleo’s Sustainability Strategy, based on ambition, pillars, guidelines, priority initiatives and metrics for measuring performance. The elaboration of the Strategy had several working meetings with the leadership of Açu Petróleo and, finally, recommendations for improvements in its HSEQ Policy were also suggested, incorporating more strategic aspects in its composition.
Açu Petróleo consists of a partnership between Prumo and Oiltanking, dedicated to providing safe, clean, efficient and sustainable oil handling infrastructure and services. Since 2016, the company operates the oil terminal of Açu Port (T-OIL). Açu Petróleo owns the only private infrastructure in Brazil capable of receiving Very Large Crude Carrier (VLCC) ships – with a cargo capacity of up to 2 million barrels. Strategically located in the Northern region of the state of Rio de Janeiro, next to Campos Basin, its expansion plan includes offering oil storage, treatment and blending services within the SPOT Project scope and an IPO process initiated in 2020. The terminal allows the handling of 1.2 million barrels per day and its depth is of 25 meters.
Source: Açu Petroleo website