E3 Water and marine resources

Policies related to water and marine resources:

Gunvor’s approach to water is governed within its Group HSEC Policy (Health, Safety, Environment, Human Rights and Communities), which sets out the company’s overarching environmental expectations applicable to all operational sites. Under the policy’s Environmental Expectations, Gunvor’s sites are required to establish and implement environmental management systems focused on continual improvement, set targets and objectives for environmental performance, specifically including resource efficiency in relation to energy and water, and ensure compliance with all applicable permits, laws and regulations.

Water governance at the operational level is therefore embedded within Gunvor’s broader environmental management framework.

Gunvor commits to reporting its environmental performance on an annual basis, of which water consumption forms a part. We refer to this policy for further information.

Actions and resources in relation to water:

Gunvor monitors water stress exposure across its operational footprint and takes steps to ensure that abstraction practices do not materially impact water availability in the regions where it operates. Site-level water management is conducted in accordance with applicable environmental permits and local regulations, with each site required to operate within its permitted discharge limits and volumes.

Gunvor’s refinery operations are inherently water-intensive, with freshwater playing an essential role across multiple process stages, including feedstock pretreatment, steam generation, heat exchange, and the cooling of processed products. Recognising this dependency, Gunvor’s sites implement operational measures to manage water use efficiently, including closed-loop cooling systems where technically feasible and ongoing monitoring of water intake and discharge volumes.