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We must share capabilities , risks and opportunities with our partners to realize shared value . That is why ‘ Partners for Progress ’ is our tagline .
Advario looks at its relationships with partners as one of its strengths . How would you describe your relationships with your partners ?
Over the years , working in close partnership with the private and public sectors has become part of our DNA and a key ingredient to our success . Over the past 50 years we ’ ve become very close to our customers and we play an important role in their value chains . We would not be able to successfully run our business without the ability to form and maintain our partnerships . As a family-owned company , we ’ re not here just for quick gains . Our partners appreciate this , and the strong relationships we have built over the years are a testament to my predecessors .
Additionally , our relationships with our partners are based on trust by being transparent and holding ourselves accountable for our business impact .
Could you share some highlights from Advario ’ s 2022 Sustainability Report ?
In our sustainability report , you ’ ll see that we have a firm objective to grow sustainably and reach Net Zero by 2040 at the latest . You can read about our sustainability framework and the progress we are making on reducing our emissions and our wider ESG agenda . Our approach outlines several focus
areas that align with the United Nation ’ s Sustainable Development Goals .
One focus area is ‘ Growing with a clear sustainability focus toward new energies ’, which means pivoting our portfolio towards new energy and increasing the volume of new energies that we store at our terminals . For example , working together with Neste in Singapore , we upgraded our facilities to be able to store sustainable aviation fuels ( SAF ). More recently , we announced the acquisition of a site in the Port of Rotterdam and are looking to develop this large site into a future-focused storage facility for new energy . We have also joined different consortia to learn about the production of green methanol in Singapore and in Antwerp .
Another focus area is ‘ Reducing our environmental footprint while driving innovation ’. Electricity is the biggest contributor to CO 2 emissions within
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