In today's world, the success of a company is not measured by financial indicators alone. Concepts such as sustainability, social responsibility, and management transparency have become key criteria for evaluating the performance of organizations. Within this framework, the concept of ESG (Environmental, Social, and Corporate Governance) has gained a special place in the energy and refining industries. In the environmental sector, reducing pollutants, managing waste, and using natural resources optimally are of great importance. The oil and lubricant refining industry bears a heavy responsibility in this area due to the nature of raw materials and production processes. Recycling used oils and converting them into usable base oils is one of the most effective solutions for reducing environmental damage. The social dimension of ESG focuses on employee safety, social responsibility, and creating sustainable value for stakeholders. Companies active in this field play an important role in the country's industrial development by creating a safe working environment, transferring technical knowledge, and complying with international standards. Governance also relates to transparency, professional ethics, and the organization’s decision-making structure. Adhering to these principles helps companies gain the trust of domestic and foreign markets and pave the way for their long-term growth. Karen Pishran Novin Refining, with its focus on producing recycled and re-refined base oils, is an example of the Iranian lubricant industry’s move toward ESG-oriented approaches. By reducing waste, optimizing energy consumption, and providing sustainable products, the company strives to balance industrial development and environmental protection. Ultimately, ESG is not a marketing slogan, but a long-term strategy for survival and growth in global markets. Companies that choose this path today will be the true industry leaders tomorrow.