Q\Platform and SDG & ESG compliance
SDG & ESG
SDG stands for sustainable development goals and ESG stands for Environmental, Social, and Governance. It evaluates and measures a company’s sustainability and ethical impact through environmental, social, and governance criteria. SDG & ESG factors are used by investors, financial institutions, and organizations to assess a company’s overall impact on the environment, society, and its corporate governance practices.
Q\Platform
Fuqon has developed a Q\Platform that controls the quality of fuels in the downstream energy supply chain. The Q\Platform is suitable for all conventional fuels such as gasoline, gasoil, kerosene and various bio-components including FAME, SAF and ethanol.
Transition
Our goal is to help you transition from primary sample testing to secondary sampling. This means only taking samples when needed. With the Q\Platform, primary sampling is no longer necessary and will be replaced by the latest in-line measurement and continuous process control. You will be able to monitor what is going through the pipe every second.
Safety
By using a closed system for sampling and testing only when necessary, you can control and mitigate risks associated with handling hazardous materials and ensure the safety of workers and wider community. This aligns with the SDG & ESG social principle concerning labour practices, human rights and employee wellbeing.
Compliance and governance
By using a closed sampling system, you ensure compliance with environmental and safety regulations for sampling. Mitigating risks associated with fuel quality and reporting contamination in a transparent way contributes to strong governance practice.
Hardware integrity
Companies and organizations operating pipelines need to prioritize maintenance, monitoring, and safety measures to align with all SDG & ESG goals and demonstrate their commitment to environmental responsibility, social wellbeing, and strong governance practices. Measuring product quality continuously during transfer will monitor exposure to corrosion risk.
Reduce resource consumption
By using real-time and continuous process control, you minimize the need for sampling and reduce the resources needed. This aligns with the environmental SDG & ESG principle related to sustainability, resource efficiency and waste management.
Stakeholders trust
Following SDG & ESG standards and prioritizing safety and the environment will build trust with investors, customers, and stakeholders, resulting in long-term business success.
Sustainability reporting
Our Q\Platform will support your sustainability reporting and demonstrate your commitment to environmental responsibility and safe labour practices. Digitalization of your product quality will support data integrity, transparency and track and trace in the supply chain. This can enhance your SDG & ESG rating and reputation and help you become a responsible, sustainable, and compliant organization.
