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Community
Our goal is to conduct all our business operations to best industry standards and to behave in a socially responsible manner.
Our values are to behave ethically and with integrity in the communities where we work and to respect cultural, national and
religious diversity. Directors, company personnel and contractors are responsible for ensuring compliance with this policy,
and we encourage our partners and stakeholders to observe similar standards wherever possible.
Implement a responsible and
responsive policy, updated March 2007
Hands-on leadership and sponsorship
from the CSR Committee
Proactive local engagement and
a meaningful contribution
The Group’s CSR policy is reviewed and implemented on an annual basis and is widely
communicated through Tullow’s intranet and website.
The Group has a CSR Committee which has overall responsibility to the Board for the
implementation of Tullow’s CSR policy, alignment of project sponsorship and business
development, and allocation of discretionary CSR funding. See full details on pages 8 and 9.
Country and business unit managers and local offices are responsible for implementing any social
or community-based commitments under the terms of licences or Production Sharing Contracts
(PSC). Local managers also make applications to the CSR Committee for discretionary funding to
support specific local community projects or charitable causes. The focus of these projects is
mainly on children, education and basic needs. Tullow undertakes long-term recurring
investments and one-off projects depending on the Group’s operations
and business development in the locality, country or region.
Compliance
Our goal is to comply with all applicable laws and regulations where we operate, and apply responsible standards where legislation
is inadequate or non-existent.
Ensuring management systems are
effective and implemented
throughout the Group
Rigorous audit programme to
support compliance
Moving to external verification of the
Group’s EHS and CSR performance
Each business unit and asset manager is responsible for implementing systems and processes
that comply with all the requirements of the Group’s IMS, which includes legislative and regulatory
compliance components. Full details of the IMS is on page 14.
The EHS team in Tullow conducts an annual Audit Programme. This is a combination of: strategic
audits which look at compliance with corporate policies and procedures in-country; tactical audits
at a business unit level to ensure that EHS policies and procedures are effective; asset-specific
audits for key higher risk activities such as drilling and seismic acquisition programmes.
In 2006, Tullow reviewed the options for external verification of the CSR Report, including an
assessment against the Global Reporting Initiative (GRI) principles, which are being updated
in June 2007. Overall, Tullow is committed to producing a balanced and reasonable account of
its economic, environmental and social performance and is working towards achieving
external verification.
Stakeholder engagement
Our goal is to cultivate strong, open and lasting relationships with all key stakeholders, both internal and external. We are committed
to clearly communicating all aspects of the Group’s performance in a timely, uniform and transparent manner and we support this
objective with a wide range of initiatives at a local, business unit, country and corporate level.
Open, transparent and
timely reporting
Broad engagement with
all stakeholders
Strong Investor Relations and
Corporate Communications
programmes
Tullow publishes a range of corporate communications documents and presentations as well
as complementary materials such as Group policies, company profile, fact sheet, fact book and
additional information on operations and assets, all of which are available on our website at
www.tullowoil.com. In 2006, as part of a Group-wide initiative to improve internal communication,
knowledge sharing and information, the Group developed a common Tullow intranet.
At a corporate, country and business unit level, Tullow operates a wide range of communications
programmes, full details of which are on pages 34 and 36.
Tullow now has over 10,000 shareholders, comprising a range of investors including
pension funds, fund management companies, private individuals, Directors, management
and employees. In 2006, over 250 meetings were undertaken with investors, analysts and
the financial media.
Tullow Oil plc Corporate and Social Responsibility Report 2006 11