SUSTAINABILITY

PCSPC is committed to considering sustainable solutions where possible in our operations and our future growth. At PCSPC all fuel loading can accommodate Bio fuel additives as mandated by the Government of the Philippines. Our underground tanks are at various elevations to allow gravity feed to tank truck loading, thus minimizing energy needs. During new construction where clearing is required, PCSPC donates new tree saplings at a ratio of ten to one (ten trees for every tree cut). Other sustainable energy solutions are being developed for remote site lighting and instrumentation using wifi connections for measurement transmission. PCSPC is an equal opportunity employer and has a diversified workforce. PCSPC maintains all Environmental and Operational permits to ensure safe working practices, secure facilities, and maximum availability for our customers and the nation. PCSPC operations ensure all fuel imports are properly received, documented, and reported in accordance with The Government of the Philippines Financial and Customs laws.

PURPOSE

This policy is intended to communicate to Philippine Coastal Storage and Pipeline Corporation’s Environmental, Social and Governance (ESG) commitments in referencing best practices in the petroleum storage sector where relevant.

This policy aims to support PCSPC’S vision, mission and core values, and integrate ESG principles into PCSPC’s strategies, policies, procedures, and decision making. PCSPC is committed to complying with all applicable laws and regulations in the Philippines, respecting all internationally recognized human rights, including workers’ rights, and protecting the environment and public health and safety. Within our operations and business activities, we prohibit all forms of bribery, bribe solicitation, extortion, and other forms of corruption, adhere to good tax practices and conduct our due diligence to identify and manage our impact on the economy, environment, and people.

SCOPE

PCSPC is committed to implement this Policy and review ESG performance regularly. We strive to create a corporate culture where ESG considerations are integrated into decision making and the achievement of ESG objectives. This Policy shall apply to all PCSPC operations in all areas from product receiving to product issuance. We are committed to managing our impact on the environment and community through our business activities.

ESG PRIORITIES

Our ESG priorities are as follows:

Environmental

• To reduce significant air emissions, waste-related impacts, and water related impacts from our business operations.
• To improve energy efficiency and reduce greenhouse gas emissions from our business operations.

To integrate the impact of climate-related risks and opportunities into strategic planning.

Social

• To ensure healthy and safe working conditions, the prevention of physical and mental harm to workers, and the promotion of workers’ health.
• To promote fair job creation and working conditions for workers, improve and implement freedom from discrimination and practices related to diversity, inclusion and equal opportunity, eradicate any instances of forced labour and modern slavery, support freedom of association.
• To commit to equipping its human resources with guidance tools to achieve common goals an cultivate a highly trained workforce.
• To engage the community on socioeconomic, cultural, health and human rights issues and address the impacts of our operations on local communities.
• To disclose PCSPC’s use of land and natural resources on human tenure rights and the rights of indigenous peoples under the ancestral domain.
• To address closure and rehabilitation, including the consideration of impacts on the environment, local communities and workers.

Governance

• To assess any instances of conflicts and threats to security and to manage such conflicts by implementing additional mitigating measures.
• To strengthen existing measures, guidelines, and procedures related to data protection policy.
• To continue implementing and upholding policies on anti-competitive behaviour, anti-trust and monopoly practices, and anti-corruption.
• To accurately disclose payments to governments and maintain standard approach to public policy advocacy.

REPORTS & DISCLOSURE

PCSPC will set short, medium, and long-term targets for our ESG efforts, which will be measured, tracked, and reported in accordance with the Global Reporting Initiative (GRI) standards and frameworks. We will integrate the metrics and targets into our performance management as part of the ESG strategy.

The policy shall be reviewed annually by PCSPC.