Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure—refineries, pipelines, storage and terminals—Gunvor further generates sustainable value across the global supply chainSupply chain refers to the network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers. In the context of energy commodities, the… Read more for its customers.

Gunvor Group’s 9th Sustainability, EthicsDefinition: Ethics refers to the set of moral principles or values that guide individuals or groups in determining what is right or wrong, good or bad, and acceptable or unacceptable… Read more & Compliance Report, the company’s annual compilation and analysis of developments related to Gunvor’s corporate activities throughout the world. The document covers aspects of how Gunvor manages health, safety, the environment, human rights and community relations, among other areas including transparency, business compliance, and ethics.

The Code of Conduct & Ethics exists to provide clarity with respect to the expectations Gunvor has of its employees and contractors and of what they can expect of Gunvor. We are a unique company in our industry, and therefore have a distinct style—one that enables us to be dynamic and creative, which are hallmarks of a thriving organisation. By affirming a proper understanding of how Gunvor operates, we are committing to the basic principles that will guide our continued growth.

Gunvor Group, one of the world’s largest physical energy commodities traders, has announced commitments in the areas of environment, social, and governance (ESG) targeting a 40% reduction in the company’s Scope 1 and 2 emissions by 2025. The commitments come as a part of Gunvor’s Sustainability Commitments 2021 document, which outlines how the company is navigating the Energy TransitionEnergy Transition refers to the global shift from reliance on fossil fuels such as coal, oil, and natural gas towards more sustainable and renewable energy sources like solar, wind, hydroelectric,… Read more.

Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure—refineries, pipelines, storage, terminals, mining and upstream—Gunvor further generates sustainable value across the global supply chain for its customers.

The effective management of health and safety, the environment, human rights and community engagement (collectively HSEC), is essential to growing Gunvor’s business in a sustainable and responsible manner. We therefore assign the highest priority to preserving the health, well-being, human rights and safety of our employees, our customers, and the communities in which we operate; as well as respecting and protecting the environment in the countries with which we do business. We aim for a zero-incident approach: no accidents, protection of our staff and no damage to the environment. We are committed to respecting all internationally recognized human rights.

During the last decade, Gunvor has spent millions of dollars building an industry-leading Compliance Department. Our teams work continuously to improve company procedures to mitigate risks and anticipate others that exist within the commodities trading sector. Our goal is to maintain the highest ethical standards and comply with all relevant rules and regulations wherever we operate.

Gunvor Group has expressed support for the Extractive Industries Transparency Initiative (EITI) to establish a consistent means by which to reliably report on its payments to governments, with the aim to improve transparency and reduce the potential for corruption in cooperation with these governments. Gunvor’s reporting includes purchases of crude oilCrude oil refers to unrefined petroleum that is found with the Earth’s crust. Read more and refined oil products**Oil Products** Oil products, also known as petroleum products, are the end products derived from the processing of crude oil in oil refineries. Crude oil is a fossil fuel that… Read more acquired from state-owned enterprises (SOEs) in EITI implementing countries (eiti.org).