Page 14 - ADOC SUSTAINABILITY REPORT 2024

ADOC SUSTAINABILITY REPORT 2024 OUR PRODUCT travel approximately 11,500 km with a sailing time of 18

Our product is processed crude oil produced from
ADOC’s oil fields. Tankers loaded with crude oil in Abu
days.
Dhabi leave the Arabian Gulf through the Straits of
ADOC’s customers are based in Japan. The marketing
Hormuz, across the Indian Ocean and through the Straits
and sales operations are undertaken in Japan where the
of Malacca to deliver the crude oil to Japan. The tankers
product is sold and is not within the scope of this report.

CORPORATE GOVERNANCE

At ADOC, we are committed to maintaining the highest extraordinary meetings are to be held when necessary.
standards of corporate governance and ethical conduct. During meetings, directors discuss and make decisions
Our governance framework ensures transparency, on organizational-related matters, reflect on the progress
accountability, and integrity across all levels of the of business initiatives, and agree on measures of how to
organization. We believe that strong governance not only handle ongoing issues. ADOC is required to comply with
strengthens stakeholder trust but also supports long- all legal requirements issued by the Federal Government
term value creation. of UAE and Government of Abu Dhabi, which are
communicated through SCFEA. ADOC also complies
In terms of our governance structure, the Board of
Directors, who are appointed and overseen by our with the ADNOC standards and guidelines, including
Shareholders, provides direction on strategic matters the ADNOC HSE Standards. SCFEA and ADNOC
related to the Company. The General Meeting of communicate all notifications of revised regulations to
Shareholders are held to evaluate the Board’s actions and the ADOC General Manager, who conveys them to the
decide on important matters. It is the Board of Directors’ PL Department and are subsequently distributed to the
responsibility to set regulations and management policy, relevant departments for their action. Any potential issues
and appoint directors. that may arise are addressed in the weekly department
managers’ meetings, HSSE committee meetings, and
Regulations governing the Board of Directors specify management review meetings.
that meetings are to be held every quarter, and that

ADOC CORPORATE PRINCIPLES

Maintaining ‘Safe and Stable’ Operations is the main principle at ADOC. Through the following commitments, ADOC
continue to strive to achieve this principle:

• We regard safe and stable operations as our top priority and strive for harmonious coexistence with society
through the assurance of safety in all our business activities.

• We strive to ensure the stable supply of crude oil as a responsible energy supply company.

• We seek to satisfy our customers and shareholders, while also contributing to the development of Japan and the
global community.
• We believe in the resolution of global warming and other problems related to the global environment. We are
committed to the implementation of environmental preservation measures and activities.

• We value communication with society and proactively and independently contribute to the development of
regional communities.

• We are determined to act as a responsible and sensible member of society.

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