About The Report

CEO Message

Enabling a Sustainable Future

The 2021-2022 sustainability report, titled “Legacy of Progress”, coincides with Crescent Petroleum’s 50th anniversary. The milestone offers an occasion to reflect on our progress and accomplishments over the past five decades. Additionally, it provides an opportunity to look ahead to reinforce our commitment to build social sustainability and empower the communities where we operate.

Majid Jafar
Chief Executive Officer

Crescent Petroleum Read More
Majid Jafar, CEO, Crescent Petroleum

Roots CP

Materiality Matrix

We have conducted a detailed materiality assessment to help us verify focus areas, reveal opportunity areas, and prioritize sustainability topics that matter most to our company and our stakeholders. Understanding the most critical sustainability challenges, risks, opportunities and impacts is central to our sustainability strategy. The materiality assessment process is aimed to align with the GRI stakeholder inclusiveness and materiality priorities and includes the following steps:


Consult with internal business units to review the topics that impact their individual functions. Other sources used to identify issues include external stakeholder engagements, peer benchmarking, sustainability rating agencies, and key sustainability standards.

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Categorize and
Prioritize Issues

We categorize the issues identified and assess their respective relevance or impact on the business and our stakeholders.

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Check and
Confirm Issues

Prior to finalizing the assessment, we review the list of issues and their ranking with senior management and a select group of external stakeholders.

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Disclose the Process
and Outcomes

In the interest of transparency, we outline our materiality assessment approach and outcomes in this report.

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The below diagram outlines Crescent Petroleum’s material sustainability issues for 2021 according to their impact on our stakeholders and our business:

Impact On Crescent Petroleum Business

heading enviornmental

  1. Greenhouse gas emissions
  2. Transition to lower carbon energy market
  3. Energy use, energy efficiency
  4. Water management
  5. Waste management
  6. Effluent management
  7. Biodiversity

Social heading

  1. Security practices
  2. Engagement with local communities, social performance initiatives
  3. Localisation and job creation
  4. Diversity and human rights
  5. Occupational safety
  6. Training and capacity building of employees and local contractors

Heading Governance

  1. Process safety, asset integrity, and emergency preparedness
  2. Anti-corruption, bribery
  3. Compliance with regulations
  4. Information security
  5. Achieving financial targets, market presence
  6. Customer satisfaction, marketing
  7. Risk management
  8. Research and development, and innovation
  9. Internal engagement
  10. Procurement practices


Framework CP



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Delivering on our Promise

We believe that good corporate governance creates a business environment conducive to sustained economic growth, promotes the long-term interests of our stakeholders, and helps build trust in our company. As responsible stewards, we are committed to positively affecting the communities where we live and operate. We also encourage our employees to be agents of change and seek to partner with organizations in our communities and support them in meaningful ways.

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Sustainability at Crescent Petroleum

Sustainability Statistics


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Our Commitment to the Environment

We believe that good environmental performance is good business. Protecting and preserving the environment is foundational to our operational strategy and is a deep-rooted principle at Crescent Petroleum. We recognise the impact of carbon emissions on climate change and support the goals of the Paris Agreement.

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Sustainability Crescent Petroleum 2022

NEW Sustainability CP


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Ensuring our Teams’ Health and Safety

We aim to create a safe and healthy work environment in which the wellbeing of all employees, contractors and partners supersedes all other considerations, both as a good citizen and as a matter of good business.

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EMpowering our team at CP

Empowering our teams


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Empowering Our Teams

Crescent Petroleum invests in our employees at every level, helping them to achieve their greatest potential and empowering them to collectively strive towards company objectives of long-term growth and sustainability. We value the diversity that each employee contributes and offer opportunities for them to advance and become leaders of their teams and within our organization.

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Ensuring Teams Safety

ensuring teams safety statistics