ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) POLICY
At Knockings Oil and Gas Services Limited, we recognize that responsible business practices are essential for long-term success. Our Environmental, Social, and Governance (ESG) Policy reflects our unwavering commitment to sustainable development, transparency, and the well-being of our stakeholders. As a proudly Nigerian company, we are equally dedicated to supporting the government in actualizing its energy and gas development initiatives, contributing to the nation’s vision for a sustainable energy future. This policy applies to all employees, contractors, and partners of Knockings Oil and Gas Services Limited.
- Environmental Commitment
We are dedicated to minimizing our environmental footprint and promoting sustainable practices across our operations.
Our key environmental goals include:
Emissions Reduction: Implementing innovative solutions with state-of-the-art technologies to reduce greenhouse gas (GHG) emissions, while striving toward net-zero carbon emissions target.
Waste Management: Establishing and maintaining processes for the safe handling, recycling, and disposal of hazardous and non-hazardous waste.
Energy Efficiency: Promoting energy-efficient practices and integration of renewable energy solutions wherever feasible.
Biodiversity Protection: To deploy strategies that safeguard ecosystems by conducting comprehensive environmental impact assessments (EIAs) before launching projects and implementing biodiversity action plans.
Water Resource Management: To optimize water usage, prevent contamination, and support local water conservation initiatives.
- Social Responsibility
We prioritize the well-being of our employees, host communities, and broader society. Our social goals focus on:
Community Engagement: Fostering strong relationships with host communities through regular, transparent dialogue, respecting local traditions and customs.
Local Content Development: Supporting employment of local talents, providing capacity-building programs, and prioritizing sourcing of goods and services locally (where applicable).
Health and Safety: We strive to uphold rigorous health and safety standards to ensure a secure workplace for employees and contractors.
Education and Skills Development: Partnership with relevant institutions to offer training and internship opportunities for empowering the next generation.
Human Rights: We have zero tolerance for human rights abuse; strictly prohibit child and forced labor, and champion diversity, equity, and inclusion (DEI) across all our operations.
- Governance and Ethics
At Knockings Oil and Gas Limited, we are committed to conducting our business with full compliance to all applicable laws, regulations, policies, and procedures. Our strong governance structure, anchored by a diverse and experienced Directors, ensures strategic direction and sustainable growth. We are also committed to upholding the highest standards of corporate governance, integrity, and accountability. Our governance principles hinges on:
Compliance: Adhering to all relevant Nigerian laws, industry regulations, and international best practices.
Anti-Corruption: Enforcement of a zero-tolerance policy on bribery, corruption, and unethical practices.
Transparency: Ensuring clear, accurate reporting of ESG performance and disclose progress to stakeholders through annual reports.
Board Diversity: Promoting diversity and gender representation at all leadership levels, fostering an inclusive corporate culture.
Whistleblower Protection: Establishing secure and confidential channels for employees and stakeholders to report unethical behavior without fear of retaliation.
- Implementation and Monitoring
To ensure effective implementation of this policy, we have:
- Assigned an ESG Committee responsible for driving strategy and monitoring progress.
- Set measurable ESG targets and track key performance indicators (KPIs).
- Commitment to conduct regular internal and external audits of ESG practices.
- Provision for ongoing ESG training for employees and stakeholders.
- Mechanism for review and update of this policy annually to align with global best practices and standards.
- Stakeholder Engagement
We believe in transparent communication with all stakeholders, including government agencies, investors, clients, employees, host communities, and non-governmental organizations (NGOs). Knockings Oil and Gas Services Limited actively seeks stakeholder input and collaborates on sustainable solutions to address environmental and social challenges.
Chief Engr. Julius Nwoke Dike
Managing Director,
Knockings Oil and Gas Services Limited