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Becoming a pioneer in the energy transition
As a family-owned, multi-generational energy & commodities business, we see our responsibility to participate in sustainable development as a duty to society and an opportunity to do well by doing good. We believe in developing lasting partnerships and, importantly, supporting the just and equitable transition to environmentally-sustainable energy. By doing so, we aim to make valuable improvements for our employees, customers, suppliers, partners, shareholders, and society as a whole.
We aim, above all, to ensure that the energy and other commodities that flow through our businesses have a net benefit for our customers and for society as a whole.
We firmly believe we must find the best ways to keep the lights on using the resources we have today, while planning for net zero energy supply and consumption, which will be a central part of our future low-carbon economy.
Specifically, through BGN-related businesses, we are committed to:
Reducing CO2 emissions from fossil fuels
Developing renewable energy generation
Investing in carbon removal projects
Environmental sustainability is central to everything we do, both in the ways we help develop the sector and the ways we operate our businesses. We are constantly researching innovative methods to support our partners’ transition on the pathway to a low carbon economy. And, we are continuing to invest in the development of our services, with investment decisions centered on our vision of sourcing energy for a sustainable future.
The following principles guide BGN’s approach to sustainability:
BGN’s commitment to sustainability, including mitigating environmental impacts, addressing relevant social issues, and maintaining sound governance procedures is detailed in our Environmental, Social, Governance (ESG) Policy . The Policy provides a framework for setting goals and objectives through which we aim to make progress towards sustainable business practices. It is overseen by our ESG Committee.
ESG focus areas are defined within the scope of our sustainability approach and in line with our principles in order to concentrate our effort as a steward of the natural environment and community. We apply these through our sustainability reporting.
BGN’s internal ESG Taskforce works on initiatives to complement our policy and reporting processes and to develop understanding and participation in sustainability-related activities throughout our organization.
We believe that increasing climate change resilience and limiting the risk of regulatory non-compliance will strengthen our long-term value in the market.
In our business agenda, climate change mitigation is considered as an opportunity, not a cost. BGN is indirectly instrumental in mobilizing finance toward climate change mitigation and stimulating carbon asset development and trading. We help promote green technologies and investments in renewable energy and nature-based solutions to combat climate change.
Business Ethics and BGN Code of Business Conduct
We aim to be a symbol of reliability and prestige in the sector by acting fairly, respectfully and proactively. We attach importance that our employees adhere to the ethical principles of honesty and integrity in internal and external relations and that any behavior contrary to business ethics shall be reported.
Following our Code of Business Conduct helps establish a reference framework for the behaviors and standards we expect from our employees. Our Code of Business Conduct ensures everything we do is done responsibly and honestly throughout the entire value chain. All business practices reflect our commitment to respect human rights, equal opportunities, environmental protection, anti-bribery, trade sanctions, anti-money laundering, anti-fraud, anti-competitive practices, as well as information transparency. All of our employees make this commitment, especially directors and members of the Board, who apply the code in all their decisions and lead through example.
Statement on Diversity and Inclusivity
We value a diverse and inclusive team of high-caliber talent and expert professionals and aim to maintain a culture that promotes solidarity. All employees must be treated with respect and dignity. Nobody may be discriminated against or harassed based on gender, transgender identity or expression, ethnicity, religion or other belief systems, disability, sexual orientation, or age. Equal treatment is thus a natural approach, and we endeavor to achieve a diverse workforce. Harassment, bullying, threats, repression, or other discriminatory treatment will not be accepted at BGN.
The ability to raise concerns is a cornerstone of an open and accountable working environment. The BGN Ethics Line is a confidential means for company employees and any third parties to ask questions or confidentially and anonymously report potential breaches, illegal behavior, or activities that do not align with the BGN Code of Business Conduct. Whenever a concern is raised through this channel, our investigation team will thoroughly and promptly look into it.
As part of this compliance culture, we have a zero-tolerance policy regarding criminal behavior and an unwavering commitment of the company’s administrative bodies to foster and maintain a culture that respects highly ethical standards and regulations.
Personnel and third parties can report possible concerns confidentially and securely to BGN Ethics Line at: ethicsline@bgn-int.com
As one of the leading energy & commodities trading companies, BGN has built its success on a partnership-focused approach that will last for generations.
With a strong heritage dating back more than 80 years, our strategy reinforces our position as a leader in the energy sector and ensures we sustainably respond to the global energy shortage, while helping to drive the energy transition.