This inaugural ESG Framework marks Cathay Petroleum’s formal commitment to sustainability, structured around the new CIRCLE programme to integrate environmental, social, and governance principles into its core oil trading operations. Aligned with ISSB IFRS S1 standards and the UN Sustainable Development Goals, the document details plans to invest a minimum of US$0.5 million annually in energy transition projects while establishing rigorous oversight through a dedicated ESG Steering Committee. It further outlines initiatives to measure Scope 1 and 2 emissions, enhance employee well-being and talent retention, and enforce strict compliance and risk management policies across its global supply chain.
