Oiltanking Partners L.P..
OILT.US | Warehousing and storage
Oiltanking Partners L.P. is a master limited partnership that provides storage and transportation services for crude oil, refined petroleum products, and liquefied petroleum gas. The company owns and operates a network of strategically located marine terminals and pipeline systems. These assets are ...Show More
Better Health for All
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The company's entire revenue is derived from the storage and transportation of crude oil, refined petroleum products, and liquefied petroleum gas, which are products with scientifically established serious health harms.
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Oiltanking Texas City L.P. incurred 10 railroad safety violations in 2021, each with a $5,000 penalty.
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Oiltanking Beaumont Partners, L.P. had unauthorized emissions of 878 lbs and 888 lbs of volatile organic compounds in April 2007
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and failed to submit initial emissions reports within 24 hours, as well as failing to report accurate emissions data for fugitive monitoring in 2002 and 2003.
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Regulators, however, stated these specific emissions did not exceed levels protective of human health.
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The company supports various community health initiatives, including organizing worldwide blood drives since 2010,
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providing free health checks in Matarani, Peru in 2016,
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and free health camps on eye and dental health in Chennai & Navghar, India in 2012-2013.
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It also supported medical training for first aid courses in Peru, Brazil, and Colombia in 2010
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and the fight against drug addiction in Oman in 2016.
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Fair Money & Economic Opportunity
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The provided articles pertain to Enterprise Products Partners L.P. (EPD), not OILT.US (Oiltanking Partners L.P.)
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. All articles explicitly state that they do not contain any data relevant to OILT.US or the ethical value of Fair Money & Economic Opportunity
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. Consequently, there is no evidence to assess any of the KPIs for OILT.US.
Fair Pay & Worker Respect
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As of December 31, 2011, none of the employees providing services to Oiltanking Partners L.P. were covered by collective bargaining agreements.
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In 2020, the company's Total Recordable Injury Rate (TRIR) was 3.4
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, with one fatality reported in the same year
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, and another fatality in 2018.
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Approximately 95 percent of employees held permanent employment contracts in 2020
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, indicating 5 percent were on non-permanent contracts. The voluntary employee turnover rate was 5.1 percent in 2020.
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Fair Trade & Ethical Sourcing
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The company reported no incidents of child labor and stated it can rule out child labor in its own operations.
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In 2021, no severe cases were brought against the company, and it uses a third-party check system to mitigate human rights and supply chain risks.
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Oiltanking requires potential suppliers to adopt best practices and the highest ethical standards, including high social standards.
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Its Code of Conduct is communicated during the onboarding of all business partners, and a Third Party Management Policy outlines mandatory rules for engaging with business partners.
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Supply chain compliance is a focus of the Ethics & Compliance Department.
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Honest & Fair Business
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No specific data for Oiltanking Partners L.P. (OILT.US) was provided in the articles for any of the assessed KPIs
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. The articles discuss general compliance challenges and regulatory risks within the oil and gas industry, such as the SEC's transparency rule for payments to governments
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and the high risk of anti-bribery law enforcement
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, but do not offer company-specific metrics or details for OILT.US
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. Information regarding 'Oil States International, Inc.' is not applicable to OILT.US
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.
Kind to Animals
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No evidence available to assess Oiltanking Partners L.P. on Kind to Animals.
No War, No Weapons
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Oiltanking Partners L.P. (OILT.US) operates in the storage and transportation of crude oil, refined petroleum products, and liquefied petroleum gas. Its revenue is derived from fixed monthly fees for storage services (75%)
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, throughput fees (20%)
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, and ancillary services (5%)
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. There is no evidence of involvement in arms manufacturing, military contracts, or the development of dual-use technologies. The company's core business operations do not involve weapons or defense-related activities, nor does it have exposure to controversial weapons. Therefore, several KPIs are scored as N/A (0) as they are not applicable to its business model.
Planet-Friendly Business
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No relevant data for Oiltanking Partners L.P. (OILT.US) was found in the provided articles. All articles pertain to Enterprise Products Partners L.P. (EPD), not the company being assessed.
Respect for Cultures & Communities
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No specific, quantitative data points were found in the provided articles to assess Oiltanking Partners L.P. against the 'Respect for Cultures & Communities' ethical value. The single article provided is a discussion paper from a different company (Enbridge) and explicitly states it lacks quantitative data relevant to the requested metrics for OILT.US.
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Safe & Smart Tech
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The provided articles describe a cyberattack on Oiltanking and its subsidiary Mabanaft on January 29, 2022,
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which impacted tank farm operations and inland supply activities in Germany,
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affecting 233 filling stations.
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However, the extent of data compromised or the number of users affected by this incident is explicitly stated as unclear or not specified.
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While an investment in security assessment and implementation of OT security solutions was mentioned,
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no specific financial figures for cybersecurity investment, details on the effectiveness of vulnerability remediation, or scope of security testing were provided.
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The articles do not contain specific, quantifiable evidence regarding AI ethics governance, privacy certifications, employee security training, encryption implementation, AI audit practices, algorithmic transparency, unauthorized data use, user data control, authentication security, bug bounty programs, privacy by design, data minimization, regulatory compliance, algorithmic harm remediation, or digital rights advocacy.
Zero Waste & Sustainable Products
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Oiltanking's tank terminals achieved a 65% recycling rate for industrial waste in 2019.
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The company also recycled approximately 33% of its hazardous waste in 2019.
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Furthermore, Oiltanking provides customer waste education through courses on waste recycling and workshops on waste paper and plastic recycling at schools in Peru and Oman, where it also set up containers for separate waste disposal.
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,
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