DEA Joins UN Global Compact
DEA Deutsche Erdoel has joined the UN Global Compact – the world’s biggest and most important initiative for responsible corporate governance. The signers rely for guidance on ten universal principles in respect to human rights, labour standards, environment and anti-corruption.
By officially joining this alliance, DEA underscores its commitment and participation in making globalisation more socially and ecologically compatible. “We look forward to cooperating with the Global Compact network and exerting a fruitful influence on the further development of our company,” emphasizes Maria Moræus Hanssen, CEO of the Hamburg-based E&P company. By joining the UN Global Compact, the participating companies communicate their corporate activities to foster sustainable development on an annual basis. Sustainability and transparent communication are very important to DEA. DEA has been publishing its reporting on environmental topics for over 20 years now.
In its recently released 2017/2018 Sustainability Report DEA offers examples how it is operating on an international scale, consistently pursuing its objective to extract crude oil and natural gas on a long-term and sustainable basis, with the approach of operational excellence and in a safe and ecology-minded fashion. The Report shows that in a peer comparison conducted by the International Association of Oil and Gas Producers (IOGP) DEA is amongst the very best achievers in the industry on emissions and energy consumption per production unit. This is also reflected in a low carbon footprint of 1.9kg of carbon dioxide equivalent per self-produced barrel of oil equivalent. DEA’s total expenditure on environmental protection again was correspondingly high in 2017, amounting to EUR 85 million.