At the direction of the ILTA Board of Directors, 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. The current draft version of the ILTA ESG principles, are 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 our draft principles are 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. We are looking to share the draft principles with members soon.
ILTA will share its draft ESG principles later this week with all voting representatives of ILTA member companies. All companies are requested to share their thoughts on the draft principles. ILTA will also host two town hall-style meetings to collect member feedback on the draft principles on May 27 at 2:00 pm ET and June 3 at 2:00 pm ET. Please contact Kathryn Clay at kclay@ilta.org with any questions or comments regarding the ILTA ESG initiative.