Leading Aviation Fuel Supplier With a Global Reach
China Aviation Oil (Singapore) Corporation Ltd (CAO) is the largest physical jet fuel buyer in the Asia Pacific region and a key supplier of imported jet fuel to China’s civil aviation industry. With subsidiaries in Hong Kong, North America, and Europe, CAO supplies jet fuel at major international airports across Asia Pacific, Europe, North America, and the Middle East. Beyond jet fuel supply and trading, CAO’s investments in oil-related assets have strengthened its global presence and market position.
Integrating Sustainability Into Business Strategy
Sustainability is a core component of CAO’s business strategy, guided by a structured governance framework. In 2023, the company introduced a sustainability framework with a medium-term roadmap focused on improving resource efficiency, reducing carbon emissions, and expanding low-carbon business opportunities. The Board, supported by the Sustainability Committee, ensures that environmental, social, and governance (ESG) considerations are embedded into business decisions.
Commitment to Carbon Emission Reductions
CAO has set clear sustainability targets to address climate change and drive long-term value creation. Short-term goals include maintaining its emissions profile for Scope 1 (direct emissions) and Scope 2 (indirect emissions) while tracking emissions across its supply chain (Scope 3). By 2030, CAO aims to reduce Scope 1 and 2 emissions by 30% from its 2023 baseline. To support this transition, the company has expanded its product offerings to include Sustainable Aviation Fuel (SAF) and is evaluating market demand to establish itself as a leading SAF supplier in Asia Pacific, Europe, and North America.
Strengthening a Sustainable Supply Chain
CAO’s sustainability efforts extend beyond its operations to its supply chain. The company collaborates with suppliers and shipping partners to uphold environmental compliance and implement sustainable practices. In 2023, CAO optimized its supply and trading network, introducing initiatives to reduce emissions, improve resource efficiency, and encourage sustainability across its value chain.
A Strong Governance Structure for Sustainability
CAO has implemented a four-tiered sustainability governance structure, consisting of the Board of Directors, the Sustainability Committee, the management team, and the Sustainability Task Force. This structure ensures that sustainability objectives are effectively communicated and executed. The Sustainability Task Force, comprising representatives from various business functions, plays a key role in implementing plans, monitoring progress, and reporting updates to the Board and Committee.
Commitment to Social and Workplace Sustainability
Beyond environmental responsibility, CAO actively supports community development through educational programs for underprivileged children and partnerships with local organizations to promote social well-being. The company also fosters workplace diversity, equality, and employee well-being, creating a positive work environment that enhances productivity and retention.
Driving Long-Term Value Through Sustainable Innovation
By integrating sustainability and climate considerations into its operations, CAO enhances its resilience in a rapidly evolving global market. The company’s commitment to responsible business practices, innovation, and adherence to global standards underscores its dedication to long-term stakeholder value while contributing to broader sustainability goals.
