Sustainability & Ethics
The effective management of health and safety, the environment, human rights and community engagement (collectively called “HSEC”) is essential to growing our business in a sustainable and responsible manner.
Health & Safety
Personal safety and accountability are at the heart of how DSS operates, and we have a responsibility to our employees and contractors to ensure their health and welfare, especially those working at our refineries and other industrial assets.
We have worked with our workforce to develop a set of expectations applicable to all our operating sites, and allowing all entities to work along the same standards.
Environment
Our activities have impact on the environment that assets specifically manage through local and dedicated systems.
DSS is measuring emissions across its activities, while seeking ways to reduce CO2, SOx and NOx from our facilities and shipping, and doing so in commercially sensible ways.
We monitor all effluents, in volume and quality and commit to respect all limits to protect waterbodies.
Each exceedance is treated as an incident and investigated as such.
Energy Transition
As a leading global physical commodities trading company, DSS Project Management Limited is inherently equipped to be responsive to market changes, and the company’s success over the last 7 years is based on its ability to do so. While DSS has historically focused on the safe and efficient movement of crude oil and oil products, the company has been for more than a decade diversifying into new commodities and strategies in response to shifting markets and opportunities.
DSS now commits to both further improve the environmental impact of its current trading portfolio and invest in new sustainable commodities and businesses.
We have established dedicated vehicle, Nyera (Swedish: “New Era”), to formalize non-fossil investments comprising a minimum of 10% of net equity.
We have committed to reduce our Scope 1 & 2 emissions by 40% by 2025.
Financing
In 2018, DSS was the first energy commodities trading company to close a sustainability-linked financing in which the interest rate was dependent on the company’s ability to meet sustainability criteria. Per the deal, DSS received a discount on its interest rate as sustainability targets were met; had DSS underperformed on the sustainability targets, a premium would have been added to the interest rate.
That original facility has been renewed under the same terms. Since then, DSS has been working with its banking partners to expand the use of sustainability-linked financing, as well as create innovative financing solutions to promote the trading “transitional” commodities, such as biofuels and natural gas.
