Environment

TAQA is committed to understanding our impact and developing creative, sustainable solutions.

The energy industry can have a profound impact on the environment. At TAQA, we see it as our responsibility to provide the energy that communities need to develop and grow. But we must balance this with managing our own environmental footprint.

Our approach and strategy

TAQA is destined to play a major role in how the world meets the predicted 55% jump in demand for electricity between 2010 and 2040. Burning fossil fuels will be part of how we do it. That is why we are committed to finding new ways to make fossil fuels cleaner, and why we are committed to investing in new technologies and becoming more efficient in the process.

At TAQA, we are aiming to improve our operations by reducing energy use and carefully managing our resources. This, we believe, is a key aspect of sustainable development. But while we are seeking to reduce the environmental impact of fossil fuels, we are also aiming to diversify our energy mix. We are doing this by investing in renewable energy technology and exploring other alternative solutions.

TAQA’s Global Environment team focuses on managing key risks including asset integrity and environmental protection. Particular attention is paid to incident prevention to ensure no harm to our own people, assets and reputation; the public and the environment.

Systems and processes

Taking into consideration stakeholders, compliance and stewardship, the global Environmental strategy involves developing TAQA’s global programmes and initiatives, procedures and management standards. Individual business units operations remain responsible for environmental management of their facilities in their own countries for purposes such as environmental permitting and local emissions monitoring.

However, to improve the management of our own environmental footprint TAQA has developed an Environmental Impact Assessment (EIA) standard to be applied throughout all business units. This is complemented by new global-level key performance indicators (KPIs) with the objective of performance initiatives for air emissions, waste management and reportable spills.

By year-end 2013, five of our six main operated facilities were certified to the international standard for Environmental Management Systems, ISO 14001. Furthermore, the ISO certification process has been completed for the headquarters in Abu Dhabi.

Performance

Across our global operations reportable spills were reduced for the second year in a row to 50, compared with 51 in 2013, and 74 the previous year. This is a more significant achievement given the inclusion of the new business in the Kurdistan region of Iraq, and the addition of a new asset – the Harding platform – to our UK portfolio during the year. Additionally, low severity spills of less than 100 litres or 100-1000 litres categories make up the highest proportion of the releases.

In 2013, in the Oil & Gas business stream the North American operations made the most notable improvement recording a 43% reduction on the previous year. By focusing on collaboration with contractors and better identification of prevention measures TAQA is aiming to further improve on these positive trends.

Reportable spills* Global

Reportable spills Global for 2013:50; for 2012:51;for 2011:74 and for 2010:56; Reportable spills Global for Oil & Gas for 2013:48; for 2012:49; for 2011:69; for 2010 53;Reportable spills Global for Power & Water for 2013:2;for 2012:2;for 2011:5; for 2010:3

*Includes three ongoing major construction projects and new operations in Iraq.