Governance

Overview

Rio Energy is dedicated to robust governance, risk management, and compliance practices that prioritize long-term value creation while addressing environmental, social, and governance (ESG) considerations. Our Board of Directors oversees corporate strategy and ensures adherence to rigorous ethical standards, including compliance with legal requirements and conflict-of-interest policies. We actively engage with our stakeholders to enhance transparency and accountability while promoting sustainable practices across our supply chain. Through our commitment to safety, environmental stewardship, and responsible business conduct, Rio Energy aims to foster trust and deliver positive impacts for our communities and the environment.

Corporate Responsibility

We are committed to a robust governance framework that integrates our core values into every aspect of our operations. Our four-element framework emphasizes environmental responsibility and sustainability, ensuring we minimize our ecological footprint while driving long-term value. We prioritize equipping our team to uphold our standards and protect human rights within our workplace. Additionally, we maintain transparent reporting mechanisms and a zero-tolerance policy on corruption, reinforcing our integrity and accountability to our stakeholders. Together, these pillars form the backbone of Rio Energy’s governance and code of ethics.

oil pipeline, the oil industry equipment

oil industry pump jack and compressor station in canola field

ENVIRONMENTAL STEWARDSHIP

Rio Energy is committed to environmental stewardship through active engagement with our industry partners. Our efforts to reduce carbon emissions and employ the highest safety standards in the transport of our commodities is evidenced by our commitment to partnering with leaders in these fields. In addition to our membership in the Blue Sky Maritime Coalition, Rio Energy engages with our leading transportation providers to monitor their commitment to best practices in these areas.

SAFETY

Rio Energy is committed to safety by partnering with industry leaders who prioritize responsible business practices and uphold operating excellence standards, comprehensive emergency preparedness plans, and rigorous vetting processes to ensure compliance with environmental, health, and safety regulations throughout our supply chain.
To help ensure compliance with our safety requirements, Rio Energy employs third party consultants and engages in ongoing safety education programs.

SOCIAL RESPONSIBILITY

Rio Energy is deeply committed to social responsibility by valuing all stakeholders, including our employees and the communities in which we operate, while fostering a culture of diversity and inclusion through our comprehensive well-being programs, community-giving initiatives, and unwavering respect for human rights, which are grounded in our Code of Conduct and aligned with the principles of the United Nations Universal Declaration of Human Rights.

We proudly support many programs and charitable organizations that align with our values and enhance life throughout the communities where we live. Our community giving model includes financial and volunteer support with an emphasis on organizations that address the needs of underserved populations. Some of these organizations include: [place icons for Kids Meals, Spring Spirit, Brookwood Community and TIRR here].

Additionally, as a minority-owned business we understand the need to be actively engaged in efforts that will increase and expand business opportunities for underserved communities. Through our partnership with the Houston Minority Supplier Development Council and initiatives such as the Blue Wave Supplier Development Program, Rio Energy is committed to this mission.

RISK MANAGEMENT

Rio Energy is dedicated to effective governance, risk management, and compliance by implementing sound corporate practices that support long-term value creation and align with our financial and ESG goals, while actively assessing and managing risks, maintaining a high-caliber Board of Directors to oversee our operations, and ensuring adherence to our Code of Conduct and applicable laws to promote ethical business practices across all levels of the organization.

OUR

PRACTICES

At Rio Energy, integrity and transparency are at the heart of everything we do, fostering an environment where ethical conduct thrives and a strict zero-tolerance policy against bribery and corruption is upheld. Our unwavering commitment to environmental stewardship and meaningful stakeholder engagement is not just a responsibility; it’s a promise to our communities and future generations as we strive to create a sustainable world we can all be proud of.

Commitment

to Transparency

Rio Energy prioritizes transparency in all business operations, ensuring that all transactions are conducted openly and in compliance with legal and ethical standards.

Zero-Tolerance

Policy

Rio Energy enforces a strict zero-tolerance policy against bribery, money laundering, and corruption, supported by comprehensive training, regular audits, and robust reporting mechanisms to uphold the highest ethical standards and foster a culture of integrity throughout the organization.

Rigorous

Compliance Processes

Rio implements comprehensive compliance processes, including due diligence on partners and suppliers, to mitigate risks associated with corruption and ensure adherence to all relevant laws and regulations.

Environmental

Stewardship

We are fully dedicated to responsible environmental practices, following established protocols to minimize greenhouse gas emissions and collaborating with partners such as Blue Sky Maritime Coalition to enhance our environmental commitments.

Stakeholder

Engagement

At Rio Energy, we understand and uphold the importance of engaging with key stakeholders, including suppliers and customers, to foster a shared commitment to ethical practices and sustainability across the value chain.

Continuous

Improvement

We actively seek to improve our governance standards by hosting discussions and roundtables focused on corporate responsibility, sustainability, and best practices in ethical conduct within the energy sector. As recently as January 2024, our team engaged in additional compliance and sanction training to ensure the continuous support of Rio’s values.

Corporate Values

Rio Energy is committed to transparency and ethical practices in all aspects of our operations. We take pride in our dedication to maintaining the highest standards of integrity, reflected in our comprehensive reports and documents. These downloadable resources provide insights into our governance policies, environmental stewardship initiatives, and commitment to social responsibility. We invite you to explore these reports to gain a deeper understanding of our practices and how we strive to uphold our core values while fostering trust and accountability within the communities we serve.

Rio Energy 2023 Corporate Responsibility Report

Our Corporate Responsibility Report outlines Rio Energy’s initiatives and achievements in sustainability, community engagement, and environmental stewardship for the year 2023. We are proud to highlight our efforts to meet environmental, social, and governance (ESG) goals.

Rio Energy Code of Conduct

Our Code of Conduct sets the standard for ethical behavior and professionalism across our organization, embodying our value of integrity and guiding us in complying with laws and conducting business ethically while respecting human rights.

Rio Energy Supplier Code of Conduct

Our Supplier Code of Conduct outlines the ethical, labor, environmental, and business standards we expect from our suppliers, reinforcing our commitment to honesty and ensuring that our partners operate responsibly and align with our core values.