PHAROS ENERGY PLC.
PHAR.LSE | Extraction of crude petroleum
Pharos Energy PLC is an independent oil and gas exploration and production company. It focuses on sustainable growth and returns to shareholders. The company has production, development and exploration assets in Egypt and Vietnam. Its portfolio includes operated and non-operated production, developm...Show More
Better Health for All
0
No evidence available to assess PHAROS ENERGY PLC on Better Health for All.
Fair Money & Economic Opportunity
0
No evidence available to assess PHAROS ENERGY PLC on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
40
The company reported zero Lost Time Injury events across its Group operations in 2024.
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Additionally, it recorded zero HSE regulatory non-compliances for four consecutive years from 2020 to 2023.
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Fair Trade & Ethical Sourcing
50
The company directed 61% of its payments to local domestic suppliers in 2023.
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Honest & Fair Business
0
No evidence available to assess PHAROS ENERGY PLC on Honest & Fair Business.
Kind to Animals
0
No evidence available to assess PHAROS ENERGY PLC on Kind to Animals.
No War, No Weapons
0
No evidence was found in the provided article to assess Pharos Energy PLC against any of the 'No War, No Weapons' KPIs. The article focuses solely on the company's oil production targets in Egypt. Pharos Energy aims to double oil production from 3,000 to 6,000 barrels per day (bbl/d) in its concession areas in Fayum and North Beni Suef during two years.
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Planet-Friendly Business
-20
The company reported zero HSE regulatory non-compliances for 2020, 2021, and 2022, with a target of zero for 2023, across its Vietnam and Egypt assets.
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Respect for Cultures & Communities
30
Pharos Energy undertakes Comprehensive Environmental and Social Impact Assessments (ESIAs) for any new project prior to operational activities, utilizing international standards and consulting with local stakeholders.
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The company also ensures that its activities in buffer zones around UNESCO designated World Heritage Sites do not jeopardise their Outstanding Universal Value, and it does not operate in any such sites.
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Safe & Smart Tech
0
No evidence available to assess PHAROS ENERGY PLC on Safe & Smart Tech.
Zero Waste & Sustainable Products
-40
The company reported zero HSE regulatory non-compliances for 2020, 2021, and 2022, with a target of zero for 2023.
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Waste reduction initiatives include laboratories planning and preparing only necessary reagents
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, prioritizing open containers
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, transitioning to less harmful chemicals
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, and reducing flares by utilizing associated gas for power generation
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, which started commissioning in February 2019.
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For hazardous waste, liquid and solid waste are segregated based on hazard and compatibility
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, an electronic log of waste stream determinations is maintained
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, and strict protocols for chemical compatibility are followed.
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However, the total hazardous waste increased from 33.13 tonnes in 2022 to 59.53 tonnes in 2023.
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Suppliers are screened based on environmental criteria via a questionnaire.
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