SUSTAINABILITY: POSITIONING TO DO WELL BY DOING GOOD

Gary Kalmin from HG Storage International looks at the challenges shaping the tank storage industry Global awareness of sustainability needs and initiatives is rightfully increasing at a rapid pace. Those of us in the energy sector are facing evolving challenges and opportunities which are reshaping the future of our industry. Real change and progress is happening very much at the micro level within specific companies, partnerships and individuals challenging the status quo. There are also clear macro themes and patterns driving innovation, creativity and advancements including regulation, incentives, disincentives, carbon markets, technology and investment. WHAT IS SUSTAINABILITY? Sustainability (as defined by the United Nations) is ‘meeting the needs of the present without compromising the ability of future generations to meet their own needs’. Such considerations are broader than just climate change and decarbonisation, and would generally include activities across the environmental, social and governance (ESG) spectrum, specifically: Environment – positive impact towards our planet Social – wellbeing of employees, suppliers, customers and communities ...