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Commentary - Santos

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Corporate Governance<br />

(continued)<br />

Diversity objectives and progress<br />

Objective<br />

1. Representation<br />

Increase representation of females and<br />

Aboriginal employees at <strong>Santos</strong>. In<br />

particular, increase representation in the<br />

non-traditional areas such as apprentices,<br />

trainees and graduates.<br />

2. Leadership and culture development<br />

Deliver development solutions to remove<br />

gender bias and create an inclusive culture.<br />

3. Personal and career development<br />

Equal representation of women and men to<br />

receive opportunities for in-house<br />

development programs.<br />

4. Systems and processes<br />

Review practices to identify inequities,<br />

specifically review gender pay equity and<br />

take necessary actions.<br />

Initiatives and progress<br />

• A 2% increase in the overall number of female employees was achieved. 27% of <strong>Santos</strong>’<br />

workforce is now female.<br />

• Hiring practices and leadership coaching focused on removing gender bias has resulted in<br />

34% of new hires being women in 2012 compared with 27% representation across <strong>Santos</strong>.<br />

• The <strong>Santos</strong> Graduate Program continues to drive gender balance in the engineering and<br />

geoscience pipeline, with 42% of graduates employed in 2012 being female.<br />

• <strong>Santos</strong> has increased Aboriginal workforce participation in the energy and resources sectors<br />

through creation of 137 employment, education and training opportunities within <strong>Santos</strong><br />

and its contractor companies, of which 81 were created in 2012. A further 135 opportunities<br />

have been created within the GLNG Project. Roles created include cadetships, traineeships<br />

and apprenticeships.<br />

• The Code of Conduct was re-launched in 2012. In conjunction with that re-launch,<br />

EEO, workplace harassment and bullying legislation regulations were reinforced by increased<br />

training to over 98% of employees.<br />

• Workforce flexibility policies and practices have been reinforced and <strong>Santos</strong> had a 100%<br />

return rate of employees from parental leave.<br />

• Diversity awareness tools were embedded into leadership development programs to ensure<br />

that the drive for diversity is part of the overall <strong>Santos</strong> system.<br />

• Female representation at the Company’s in-house development programs increased by 18%,<br />

and female participation at technical development programs increased by 14%.<br />

• The company-sponsored MBA program continued to drive the development of women in<br />

management positions and strengthen their networks. In 2012, 26% of participants in the<br />

MBA program were female.<br />

• Personal development programs such as confidence building and resilience tools were<br />

introduced to assist employees with their ability to manage work/life balance challenges.<br />

• Policies have been reviewed, updated and communicated as outlined above in relation to<br />

Diversity Objective 2.<br />

• Service providers are measured on their ability to provide diverse and gender balanced<br />

candidate pools.<br />

• Recruitment practices have been upgraded to ensure we seek and attract a more diverse<br />

candidate pool for trade and technical/science-based positions.<br />

• Improved reporting systems to track participation in indigenous recruitment and<br />

development have been implemented.<br />

5. Government and industry<br />

participation.<br />

Involvement with initiatives designed to<br />

improve gender equity.<br />

• The pay equity review process is conducted on an annual basis. This year’s review continued<br />

to highlight that there was no significant difference in pay levels for male and female<br />

employees in similar roles.<br />

• <strong>Santos</strong> continued its involvement with the Gender Equity Project (GEP), an initiative driven<br />

by Melbourne Business School and industry partners to produce research and interventions<br />

that will drive awareness and improvement in gender balance across the country.<br />

• <strong>Santos</strong> continues to support industry and community initiatives designed to improve gender<br />

equity including Women in Resources South Australia, Boardlinks, Women on Boards and<br />

Australian Institute of Company Directors programs.<br />

42

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