Our Risks and Responsibilities

Risk management

The successful management of a broad definition of risk from counterparty to credit to political to product defines the success of our business. We constantly strive to reduce the nature and level of all the risks we face.

Offsetting risk is central to what Puma Energy does; and we consider our continued investment in market-leading risk management systems as vital to preserving our competitive advantage.

A culture of risk awareness runs through all of Puma Energy’s business activities by operating within clearly defined risk parameters.

A full risk review is undertaken for all new clients, counterparty credit limits are monitored throughout, and independent risk specialists evaluate and report trading exposures.

Puma Energy has standardized its risk and quality management systems, policies and procedures that apply to construction and operation activities.  All construction is done in accordance with internationally recognized standards and industry best practice (API certification of installations is obtained where possible on new construction activities) and many of the businesses have achieved ISO accreditation.

Detailed operating policies and procedures are in place in all operating subsidiaries and are constantly reviewed.  Puma is a member of Oil Spill Response Ltd, a non-profit organisation aimed at meeting members’ oil spill response and consultancy needs.

For Puma Energy, strict risk management is not a restriction but a business opportunity.

 

Responsibilities

Puma Energy’s impact on the global economy is a positive one; our responsibility is to the communities in which we operate our customers, our suppliers and employees.

As distributors and retailers whose success rests on long-term ownership of assets, supporting local communities is essential to our business. Our community involvement programme will bring together the contributions that Puma Energy already makes under a more cohesive group framework.

Our business also benefits from our commitment to training, which aims to fulfil the potential of promising Puma Energy’s employees from all backgrounds and ensures that we maintain our proud record of ethnic and cultural diversity in management positions.