We encourage good work ethics
We encourage good work ethics and believe that our dealings with others must be done with integrity. We are fully transparent, fair, honest and upfront in all interactions.
Environment, Social and Governance
We are deeply committed to the highest standards of safety, health, environmental and quality performance. Across the Group, we strive for zero harm to People, the Environment, our Assets and Reputation (our PEAR goal).
Increasing our positive impact: At Prax, we embrace change and opportunity, but remain committed to being a sustainable energy business that creates lasting value and delivers benefits for all our customers and key stakeholders.
Environment, Social and Governance
We are deeply committed to the highest standards of safety, health, environmental and quality performance. Across the Group, we strive for zero harm to People, the Environment, our Assets and Reputation (our PEAR goal).
Increasing our positive impact: At Prax, we embrace change and opportunity, but remain committed to being a sustainable energy business that creates lasting value and delivers benefits for all our customers and key stakeholders.
We are developing a fit-for-business energy transition strategy to establish an asset-by-asset, country-by-country energy transition roadmap, reflecting relevant regulatory requirements, local customer needs and our business priorities. We will make the most of a balanced portfolio of decarbonisation technologies and solutions, all the while ensuring financial rigour and discipline in our approach.”
Underpinned by strong core values
Integrity
Commitment to Excellence
Principled & Passionate
Drive & Dynamism
Philanthropic
We encourage good work ethics
We encourage good work ethics and believe that our dealings with others must be done with integrity. We are fully transparent, fair, honest and upfront in all interactions.
We strive to improve and exceed expectations
We have a reputation of excellence in everything we do and we are committed to maintaining this. Our aim is to be best in class in every aspect of our business, most importantly our ongoing commitment to maintaining the highest standards of Health & Safety right across the company. We are led by a highly respected and remarkable team, all of whom have a deep understanding of the energy industry.
We take pride in our business and heritage
Although we are very modern in our approach, we are passionate about maintaining old-fashioned values and principles that ensure we are a loyal, dependable and compassionate organisation. We are service-orientated and we value relationships. We advocate and uphold high environmental standards and sustainability practices. Our focus is always our customers, whoever and wherever they may be, but we also value and support our staff – after all, if they succeed, we succeed.
We endeavour to be world class and have a ‘can do’ attitude to get the job done
Our success has been achieved through our entrepreneurial spirit, dynamic team and lean structure. We are independent, driven and forward thinking – passionate about our products and with a perpetual quest for quality performance across the board. Our people are what make our company great and we consider them family.
We promote a culture of generosity
Philanthropy is at the centre of our organisation. We support causes that are close to our hearts – in particular, the Prax Foundation Roots – and support and encourage a culture of generosity with our staff in their own charitable projects.
Underpinned by strong core values
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Integrity
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Commitment
We strive to improve and exceed expectations
We have a reputation of excellence in everything we do and we are committed to maintaining this. Our aim is to be best in class in every aspect of our business, most importantly our ongoing commitment to maintaining the highest standards of Health & Safety right across the company. We are led by a highly respected and remarkable team, all of whom have a deep understanding of the energy industry.
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Principled
We take pride in our business and heritage
Although we are very modern in our approach, we are passionate about maintaining old-fashioned values and principles that ensure we are a loyal, dependable and compassionate organisation. We are service-orientated and we value relationships. We advocate and uphold high environmental standards and sustainability practices. Our focus is always our customers, whoever and wherever they may be, but we also value and support our staff – after all, if they succeed, we succeed.
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Drive
We endeavour to be world class and have a ‘can do’ attitude to get the job done
Our success has been achieved through our entrepreneurial spirit, dynamic team and lean structure. We are independent, driven and forward thinking – passionate about our products and with a perpetual quest for quality performance across the board. Our people are what make our company great and we consider them family.
-
Philanthropic
We promote a culture of generosity
Philanthropy is at the centre of our organisation. We support causes that are close to our hearts – in particular, the Prax Foundation Roots – and support and encourage a culture of generosity with our staff in their own charitable projects.
20%
Reduction of Carbon Intensity by 2030
65%
Abatement of greenhouse gas impact by 2030
Health and Safety
We are committed to ensuring the health and safety of all our employees and stakeholders, and minimising our impact on the environment. The Prax Group’s safety aspirations are encapsulated by the acronym PEAR:
• Zero harm to People
• Zero harm to the Environment
• Zero harm to Assets
• Zero harm to Reputation
Environmental
Our aim is to provide the highest standards in our products and services, and we manage our activities to minimise, wherever practicable, their effect on the environment. In this we are committed at all levels and within all functions of the Prax Group to continual improvement.
Social
We are deeply committed to the communities we live and work in. This is a key part of our sustainability strategy and has always been at the heart of our business.
Governance
We are strongly committed to the keystone of good governance. It provides the essential foundation for us to be sustainable, grow fast and create more value across the energy value chain. We have a robust governance structure, with the Board and Executive Committee at its heart, and committees focused on areas fundamental to the Group. As we continue to adapt and grow, we ensure robust governance provides the essential foundation for our ongoing success.
Tax Strategy
We play our part in contributing to the regions in which we operate by paying the required taxations, in turn developing and driving tax value across our organisation, our supply chains and beyond.
Ongoing initiatives
In order for our current business trajectory to continue in support of our future growth objectives, we have a number of ongoing initiatives in place.
01
Employing energy efficiency measures
We’re lowering steam-to-flare ratios through work undertaken on steam traps and by installing a pre-flash drum system which we estimate will save 41.5 kilotons and C02 emissions annually.
02
Co-processing and blending biofuels
Our aim is to become a leading source of Hydrotreated Vegetable Oil and we’re developing the use of alternative solutions for co-processing and blending biofuels.
03
Electrical vehicle charging
In line with the UK government’s ambitions to increase electric vehicle uptake, we’re working hard to develop an EV infrastructure, by beginning to install fast chargers on a number of our forecourts.
04
Streamlining business practices
As part of our mission to create a more streamlined business to propel our future growth, we’re building on our success which has been achieved through our entrepreneurial spirit and lean structure, enabling fast decision-making.
05
Integrating next generation technology
We are developing and integrating a digital transformation programme to enhance our IT landscape, enabling us to embrace richer functionality and streamlined automation.
06
Investing in our assets
We’re looking to make Prax Lindsey Oil Refinery a leading, next generation refinery of the future, with significant investment across the site to ensure continued security of supply for many more years to come.
