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Our 4R Approach
We adopt the “4Rs”: Refuse, Reduce, Reuse and Recycle to manage waste generated by our operational activities in the most responsible and sustainable way possible.
This approach guides our waste management practices, emphasising waste elimination and reduction, encouraging responsible recycling, and promoting the use of renewable resources.
Focus Story: Reducing waste impact from AET Offshore
AET adopts the “4R approach”, Refuse, Reduce, Reuse and Recycle, to manage the waste generated by AET Offshore. This approach guides AET’s waste management practices, with an emphasis on waste elimination and reduction, encouraging responsible recycling, and promoting the use of renewable resources. Through our programmes, we have achieved 100% 4R performance for hazardous waste at our facilities and aim to maintain this going forward.
For our non-hazardous waste, we have achieved 31% 4R rate versus a target of 40% in 2024. In 2025 to achieve our target we have introduced several initiatives including the reuse and recycling of pallet waste, digitisation to reduce paper usage, the implementation of a no single-use plastic bottle policy for meetings and staff awareness briefings.
| Our Commitments and Performance | ||
|---|---|---|
| OUR COMMITMENT | OUR PERFORMANCE IN 2024 | COMMITMENT STATUS |
Shipping Operations(1): Reduce plastic waste generation (m3/vessel/month) by 28% in 2025 (versus 2019 baseline) | 1.7 above 2024 target of 1.3 | Not meeting commitment |
Shipping Operations(1): Reduce paper consumption (ream/vessel/month) by 37% in 2025 (versus 2019 baseline) | 3.2 above 2024 target of 2.5 | Not meeting commitment |
Ensure all ship recycling complies with the Hong Kong Convention(2) | Ship recycling guidelines in place, no ship recycling in 2024 | Meeting commitment |
AET Offshore operations: Maintain an annual 4R (Refuse,Reduce, Reuse, Recycle) rate of >95% of hazardous wastes generated | 4R rate 100% | Meeting commitment |
AET Offshore operations: Increase the annual 4R rate of non-hazardous wastes generated to 60% in 2025 from 10% in 2018 | 4R rate 31% below 2024 target of 40% | Not meeting commitment |
(1) Refers to all owned and chartered-in vessels in our Petroleum and Product fleet
(2) Refers to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships