OQEP’s sustainability strategy

Since inception, OQEP has proven its enduring commitment to environmental integrity, mitigating climate change, health and safety, employee wellbeing, sustainable development and other ESG-related issues are directly aligned with its operations, investments, and corporate strategy.

OQEP has developed a Sustainability Strategy underlining its commitment to operating as a socially and environmentally responsible corporate citizen. The strategy sets out OQEP’s principles and methodology for undertaking a number of corporate social responsibility initiatives in alignment with Oman Vision 2040 and the UN’s Sustainable Development Goals (SDGs).

The guiding principles of ESG are present through OQEP’s sustainability strategy. From an environmental perspective, OQEP aims to achieve net zero by 2050, with a short-term target of a 25% greenhouse gas (GHG) reduction by 2030.

OQEP has launched eight Corporate Social Investment (CSI) initiatives and has made remarkable strides in social investments.

Key governance initiatives include mandatory cybersecurity training, HSSE training and ethics training for all employees and new hires on the OQ Code of Conduct, whistleblowing, and conflicts of interest.