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2021
Sustainability Report

INAUGURAL REPORT
Implementing
Our Greener
& Cleaner Strategy
We are committed to serving our customers and stakeholders while addressing our role in the fight against climate change. That is why we have been dedicating our time and resources to designing a strong and action-based ESG strategy that supports the energy transition and allows us to secure sustainable growth for the years to come.
Carlin Conner
CEO
ESG Highlights 2021
We monitor ESG KPIs across Environment
Social
Governance
138,063
tCO2eq emissions
0.2
TRIR
0
significant pipeline incidents as per SASB standards
100%
assets assessed for IT vulnerabilities
29%
women on executive team
98%
on-time completion rate of all trainings
5
whistleblowing alerts
all have since been resolved
Greener Product Mix
With emerging low-carbon energy solutions and a growing desire for sustainable fuels, bulk liquid storage terminals will have to accommodate evolving energy storage demands and adapt their infrastructure. IMTT is committed to improve support and logistics for greener fuels, with a focus on renewable diesel and feedstocks, sustainable aviation fuels and cleaner marine fuels.
IMTT Storage Distribution by Revenue
2017
7%Crude & Unclassified 32%Heavy & Residual 17%Distillates 9%Gasoline 28%Chemicals 7%Renewables, vegetable oils & animal fats
4%Crude & Unclassified 29%Heavy & Residual 16%Distillates 9%Gasoline 33%Chemicals 9%Renewables, vegetable oils & animal fats
2021
Since 2017 our storage revenue has seen
17%
increase in chemical storage
35%
increase in renewables, vegetable oils and animal fats
$350m
invested or committed to clean products since 2017
Such as chemicals, sustainable fuels and feedstocks
Cleaner Operations

To reduce our operational impact on the environment, we strive to both consume less energy and use better, low-carbon sources of energy.

 
In 2021 we installed new solar panels, purchased equipment meeting or exceeding the industry's GHG emissions standards, and improved our energy efficiency by installing LED lighting and optimizing our steam boilers.


IMTT is always looking ahead for ways to move its legacy business into a greener and cleaner future by reimagining the role midstream partners can play in global decarbonization.

Electricity
-0.4%
Diesel
-14.2%
+0.2%
Gasoline
+1.3%
Natural Gas
+21.6%
Propane
IMTT energy consumption 2021
(facilities and headquarters)
2020
Baseline
The just over 20% increase in propane use is a temporary consequence of Hurricane Ida, with our Geismar facility using back-up power at the end of 2021.
Safer Workplace

IMTT believes that all incidents can be prevented, and it is possible to operate terminals without injuring employees and without causing harm to the environment or the surrounding community.

 
In 2021, IMTT won the ILTA Safety Excellence Award. The TRIR (total recordable incident rate) cut-off for companies to apply is 0.75 or less in the reporting year. We achieved a 0.5 TRIR in 2020, and a 0.2 TRIR in 2021.

Since 2014, our safety program Destination Zero focuses notably on reaching zero safety incidents.
-93%
TRIR since 2014
-91%
LTIR since 2014
Our Bayonne, New Jersey facility, with a capacity of 16m barrels, reached a record low safety incident rate in 2021
0
TRIR and LTIR
Enhanced Sustainability Governance
IMTT has implemented a solid and adaptive governance that underpins our sustainability strategy and ensures stakeholder engagement. An ESG Committee assists IMTT’s board of directors with oversight and management of EHSS and ESG policies, procedures, initiatives and climate-related risks and opportunities.
THE ESG COMMITTEE IS RESPONSIBLE FOR:

Defining and reviewing IMTT‘s sustainability commitments, goals, as well as ESG policies, procedures, initiatives and their relevance regarding new laws and regulations


Reviewing the effectiveness of ESG policies, procedures, initiatives


Reviewing reports on all ESG issues and developments impacting the company


Overseeing progress against goals and targets addressing climate-related issues (recurring calls with sustainability initiatives owners to make sure the initiatives are being developed and get completed, quarterly meetings gathering all members of the ESG Committee)


Informing all stakeholders of IMTT’s sustainability progress in an annual report

A Triple Bottom Line Future
The Triple Bottom Line helps build the resiliency of our business over the short- and mid-term. These ambitions defined guide our assessment of our successes, not only in financial terms, but also along all ESG dimensions. This structure guides us to identify critical economic, environmental, and social risks and opportunities. We integrate them into our processes of continuous operational and strategic improvement.
People

Ensure health and safety in the workplace

 
Promote diversity and well-being in the workplace

Contribute to local development and support our communities

Planet

Promote energy efficient processes

Reduce GHG emissions and improve air quality

Act for the health of the environment, promote biodiversity

Profit

Report on both financial and extra-financial performance

Pursue IMTT’s sustainability transition to renewable fuels

Outline innovative business transformations

Our raison d’être at IMTT is to provide our services safely and reliably, in a sustainable manner.
Implementing Our Greener & Cleaner Strategy
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