Our 2023 ESG Report provides an overview of our initiatives aimed at advancing sustainability goals. It highlights the targets we have achieved, the key performance indicators we have met, and the sustainability initiatives undertaken throughout the year. This report offers stakeholders a transparent view of our commitment to upholding ESG principles.
As part of our strategic plan for 2022-2024, we made significant progress in 2023, despite navigating a challenging external environment. We intensified our efforts to diversify and focus on high-potential areas, resulting in the opening of new offices in Azerbaijan and the UAE. Additionally, the company has strengthened its presence in established markets, including Europe, Turkey, China, Central Asia, and the US.
Our team started to develop transitioning from traditional full truckload (FTL) trucking to more eco-friendly intermodal solutions for our partners and in 2023, we launched our first intermodal transport service in Europe. Furthermore, AsstrA remains dedicated to expanding our global ocean freight and project logistics operations as part of our diversification strategy 22-24 aiming at making our business more sustainable in the future.
We are collaboratively working to develop innovative solutions for decarbonizing the supply chain. This includes forming strategic partnerships, consulting with stakeholders, educating our employees, and managing environmental initiatives within our ESG framework. In 2023, we expanded our offerings to include Hydrotreated Vegetable Oil (HVO) solutions and began developing Bio-LNG options. We also initiated calculations for capital and operational expenditures (CAPEX and OPEX) for electric trucks and made efforts to reduce empty mileage for our dedicated fleet.
Sustainability is a key priority for our business, and environmental protection is a crucial pillar of our ESG strategy. Moving forward, we remain committed to enhancing our ESG performance and amplifying the positive impact of our logistics operations. Through ongoing innovation, we strive to contribute to a more sustainable and responsible future. We invite you to explore our latest report to learn more about our journey toward improving environmentally friendly operations, social responsibility, and corporate governance.
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ECONOMICS AND BUSINESS DEVELOPMENT
AsstrA is a dynamic, modern, and competitive company. One of the keys to our competitiveness and high quality of services lays in internal business process systems compliant with ISO 9001, ISO 14001, ISO 45001, ISO 22000, SQAS and GDP international standards for the management of quality, environmental safety, security management, security, employees, and health.
AsstrA's managerial practices fully correspond to the standards of international law and multiple international organizations like FIATA, BAME and others. Our active presence in various high-level organizations and associations helps us constantly develop our services and build wealth and prosperity. Our forward-thinking approach to innovation and marketing helps us rapidly open new markets and achieve related KPIs.
Our team abides by a fair and transparent business management policy. Moreover, with offices established in COUNTRIES and active participation in international transport organizations, we greatly value multiculturalism and multilingualism.
ASSTRA'S RESPONSIBILITIES TO CLIENTS AND SUPPLIERS
AsstrA recognizes the great importance of our Clients' and suppliers' trust and financial wellbeing. Our team believes that any business deal should be profitable for our Partners as well as ourselves. Our employees maintain strict quality and transparency standards in everything we do.
In order to fulfill all Client requirements, we take an individual approach to working with suppliers. Our internal security system ensures that Clients and suppliers remain in complete compliance with quality standards stipulated by international laws at all times. Our established base of long-term, fully regulated suppliers speaks to the efficiency of our approach.
ENVIRNMENTAL PROTECTION
AsstrA supports the ongoing development of environmental protection policies covering transportation processing activities. The company seeks to keep up with global standards and the international trend towards green logistics and eco-friendly business operations in general. Sustainability and rational usage of natural resources are one our main priorities. The enterprise strictly follows international laws protecting the environment from the negative impact of fossil fuel-powered vehicles.
It is important for us to work with Partners and suppliers who also have eco-friendly priorities. When selecting suppliers, we consider the efficient usage of natural resources and aim to minimize environmental pollution.
The efficient usage of energy resources combined with the wise adoption of new technologies allows AsstrA to cut costs and reduce load weights involved in running the business. Employees develop transportation solutions that incorporate ecological care standards and sustainable business practices.
AsstrA monitors scientific research on environmental pollution resulting from transportation and consults Clients on how to reduce its effects and take a sustainable view to achieving their unique business goals. We also organize internal trainings on ecology issues with follow-up reports published afterwards. One of our recent eco-friendly achievements was fully implementing the “green office” strategy developed by Greenpeace.
SOCIAL RESPONSIBILITIES FOR EMPLOYEES
Our company's greatest asset is our employees, without whom our business could not function at all.
AsstrA takes responsibility for the wellbeing and security of our team. Social responsibility for the employees is an across-the-board HR priority covering financial support, personal development, workplace risks prevention, security, and healthcare. AsstrA strictly follows labor laws and guarantees fair, safe, and supportive working conditions in all our offices.
Our HR policy promotes the wellbeing of our team members who, thanks to a new integration system and established career development paths, are highly motivated to provide top-quality services and grow our business together.
We provide equal opportunities to all our employees regardless of education, race, gender, nationality and previous working experience. They excel if their motivation and performance continue to develop in line with clearly defined parameters.
We have a transparent HR policy across the company, and each employee can track individual performance via an internal business management system displaying career opportunities and procedural goals in line with the company's strategy.
Recent structural improvements within the company support the rapid creation of new work locations and fast on-boarding for new employees. Our mentorship and new-employee integration program has even won several international HR development competitions. Our HR policy is reviewed and improved annually based on employees' ideas and requirements, with the best suggestions often receiving awards.
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Due to our rapid growth, AsstrA has great demand for new expeditors with higher degrees in logistics and transportation management science. Together with the best colleges and universities in Europe and Central Asia, our company actively invests in the future careers of young specialists.
AsstrA regularly invites students to experience logistics business processes from the inside, and each of our interns learns about future opportunities to stay on as a full-fledged team member. AsstrA organizes trainings for employees starting off in the logistics and transportation sector and provides them with all necessary educational material to become fully proficient in the field. In this way, AsstrA improves the employment rate of young people wherever we have an office location.