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Home > Our Approach
Sustainability

Our Approach

At IPT Lebanon, we are committed to building a sustainable and responsible future. Our sustainability approach is rooted in a belief that businesses play a pivotal role in creating positive societal and environmental impacts. In this regard, IPT is working on a transforming journey from an oil company to an energy company.

Sustainability Pledge
Sustainability is not just a slogan; it's a responsibility. As part of our commitment, we have pledged to reduce our environmental footprint, enhance the well-being of our communities, and conduct business ethically. These pledges guide our actions and decisions, driving us to make continuous improvements towards a better and more sustainable future. In this regard, a sustainability committee has been formed, and a CSR policy has been launched.
Verifying that the issues we pledged towards are material to our stakeholders, at IPT, we initially and diligently defined these, both externally and internally, as we chose to engage in relevant consultations. These interactions led to determine our materiality. The significance was based on the potential impact of IPT to create value and influence stakeholders. The effect of a sustainability topic on the organization, its stakeholders, and the broader community defines its impact on economic, environmental, social, or a combination of all 3 of these factors. The threshold of our sustainability topics allows us to prioritize the most significant issues and focus our reporting on areas of highest importance. Prioritization guides our resource allocation in an effective manner by addressing the most crucial issues first. In the next years, our ESG Materiality and the KPIs we observe and transparently report will maintain our honesty, consistency, and traceability as we perform aligned with emerging trends and demonstrate progress.
 
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