Economic Responsibility

Our independence from the capital markets allows our company to act independently of their daily fluctuations and short-lived management practices. Instead of maximizing short-term stock price or profit, we strive for long-term profitability and controlled growth.

To achieve this, we rely on a healthy mix of risk between the divisions. While they act as independent business units, they are strategically linked. We publish our key financials in the Annual Report of our holding company Marquard & Bahls. By additionally publishing economic indicators in accordance with Global Reporting Initiative (GRI) requirements in the also yearly Sustainability Report of Marquard & Bahls, we present a comprehensive picture of our contribution to the sustainability of a larger economic system. We pay taxes, create jobs, and invest in infrastructure in Hamburg and many other places around the world.

Ecological Responsibility

The protection of the environment has high priority in all our activities. It is our effort to avoid any environmental damage and to reduce wastewater, air and noise emissions as well as solid waste generation sustainably. We are committed to using energy and natural resources efficiently.

Our activities impact the environment both directly and indirectly. Thus, the storage and transportation of petroleum products carries a risk of spillage. It is our responsibility to reduce this risk significantly by implementing preventive safety measures. In addition, our sites use energy, water as well as various raw materials, and generate airborne emissions, waste and wastewater.

We are committed to minimizing our environmental footprint. Environmental issues are therefore an integral part of the HSSE management system across our group of companies. According to the HSSE Policy, we are committed to making efficient use of energy and resources, and promoting the environmental awareness of employees in order to minimize harmful effects.

Social Responsibility

Taking responsibility for what we do, and for the people who work for us, is especially important to us as a family-owned business. Our employees are the foundation of our success and our corporate culture. We want to offer them a working environment in which they feel valued, supported and fairly treated. Given our company’s strong growth in recent years, forward-looking, active human resources (HR) work plays an important role.

Compliance with the standards of the International Labor Organization (ILO) is laid down in our binding Code of Conduct. Furthermore, we determine here that salaries shall be regulated based solely on qualifications, performance, and other work-related factors such as responsibility, skill, and experience. Factors such as gender, age, race, religion, marital status, or disability have no influence on salaries. In addition to the competitive base salary, we voluntarily offer comprehensive supplementary benefits, and in most countries in which we operate, we offer a voluntary, additional employer-financed company pension.

Moreover, we abide by the Universal Declaration of Human Rights and the United Nations (UN) protocols, protecting human rights within our sphere of influence.

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Modern Slavery Act Statement

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Key Facts

2BN

Mabanaft supplies in excess of 2 billion litres of fuel to the uk each year