Implementation

At Vopak, we have thought carefully about our sustainability activities and we want to implement our plans at the right time and in the right way. For this reason, we have created the Vopak Sustainability Strategy which is divided into three phases:

Phase 1: Defining basic processes (completed in 2009)

• Laying down Vopak’s Sustainability Policy in a Vision & Mission statement and a Policy document including short-term goals
• Preparing a reporting manual
• Preparing external reporting in accordance with GRI level C
• Developing a step-by-step implementation plan
• Drawing up the timetable for phase 2

Phase 2: Embedding policies (2009-2011)

• Implementing the Vopak Sustainability Policy and our measurement systems
• Extension to GRI level B reporting in 2011 Sustainability Report
• Drawing up the timetable for phase 3

Phase 3: Realizing our ambitions (2011 onwards):

• Final roll-out of the sustainability strategy
• Implementing a monitoring system for compliance and assessments of the results
• Ongoing improvement of reporting based on GRI guidelines

Vopak is making good progress in achieving the objectives set out in the original implementation guideline. This progress is reflected in our 2010 Sustainability Report. The report itself is our first at GRI level C+ and has obtained external assurance.