ILTA Moves Forward with ESG Initiative with Second Town Hall on June 3

Terminal members: If you didn’t get a chance to participate in the May 27 town hall on proposed ILTA member Environmental Sustainability and Governance commitments, please plan to attend Thursday, June 3, to ensure your voice is heard.

ILTA began work in January to develop Environment, Social and Governance Principles for our organization. This decision follows announcements of similar efforts by many companies and trade associations in fields related to the terminal industry in recent months. 

“ESG commitments have become commonplace across industries, and especially for businesses involved in fossil fuels,” said ILTA Chairman Bernt Netland. “Shareholders are increasingly demanding ESG reports from publicly traded companies, and it is apparent that terminal operators must demonstrate their commitment to safety, environmental protection, sustainability and governance.

The current draft version of the ILTA ESG principles is based on input from the EHSS Committee at its January and March committee meetings, as well as from the ILTA Board of Directors. Much of the specific language in the draft principles was drawn from similar principles in ILTA member company’s ESG reports or borrowed from principles from other energy trade groups, like the American Petroleum Institute. 

ILTA in early May sent draft ESG principles and a survey to the voting representative of each of its terminal member companies. The town hall provides the perfect opportunity to share your thoughts about the program and specific commitments proposed.

Please contact Kathryn Clay at kclay@ilta.org with any questions or comments regarding the ILTA ESG initiative.