Our Responsibilities Home> Responsibilities Health and Safety Environment Governance Tax Strategy Health And Safety We are committed to ensuring the health and safety of all our employees and stakeholders, and minimising our impact on the environment. The Prax Group’s safety aspirations are encapsulated by the acronym PEAR: Zero harm to People Zero harm to the Environment Zero harm to Assets Zero harm to Reputation Read More Environment Our aim is to provide the highest standards in our products and services, and we manage our activities to minimise, wherever practicable, their effect on the environment. In this we are committed at all levels and within all functions of the Prax Group to continual improvement. We recognise that this will only be achieved through regular monitoring of our environmental performance against objectives regulated by a committed management system. Read More Corporate Governance The Group operates robust corporate governance policies including anti-money laundering, anti-bribery and anti-slavery. It also employs stringent Know Your Customer (KYC) procedures on its counterparties. It is determined to create and maintain a business that is a force for good, through diversity and inclusivity. Stakeholders Protection And Board Oversight The Board of Directors meets regularly and, wherever possible, discusses policy, the market economy and strategy. It places corporate communication highly in its ethos and encourages it at all levels within the Group. The Group recognises the importance of effective internal controls and strives to ensure that these are reviewed and improved regularly. Read More Tax Strategy Scope Board approval: 26th February 2018 This document has been prepared in accordance with paragraph 16(2), Schedule 19 of the United Kingdom Finance Act 2016. It applies from the date of publication until it is superseded. State Oil Ltd is registered in the United Kingdom and is the ultimate holding company of the State Oil Group. Prax is a trading name of State Oil Ltd and the Prax Group is used to denote all companies within the State Oil Group. The Prax Group is engaged in the importation, storage, distribution, sale, and integrated supply and optimisation of crude oil and petroleum products. Read More Prax Group York House 45 Seymour Street London W1H 7JT United Kingdom Legal Information Modern Slavery Act Privacy Policy Cookie Policy Legal Notice COVID-19 Our Response © 2021 Prax Group We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. CONTINUE