Tullow Oil plc 2011/2012 Corporate Responsibility Report - The Group

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Tools, process, audiencesExternal sustainability initiatives and standardsWe maintain a number of industry memberships and affiliationswhich enable us to engage with our industry peers in discussionsaround industry issues and to benchmark our practices: We have become a member of Transparency International’sCorporate Supporters Forum. We are corporate supporters of EITI. We are also activelyinvolved in the EITI implementation process in the countriesin which we operate that are implementing the EITIstandard. Our payments under the Deepwater Tano andWestcape Three Points Petroleum Agreements arepublished on page 83 of this report, and online. We report our greenhouse gas (GHG) emissions through theCarbon Disclosure Project and participate in independentenvironmental, social and governance performanceresearch such as the EIRIS and Vigeo surveys. We are a full participant member of Oil Spill ResponseLimited (OSRL) and through our membership of Oil & GasUK we have participated in the Oil Spill Prevention andResponse Advisory Group (OSPRAG). We have requested admission to the Voluntary Principles onSecurity and Human Rights. We have also conducted a gapanalysis to understand implications for operationalising theGuiding Principles for the UN ‘Draft Norms on theResponsibilities of Transnational Corporations and OtherBusiness Enterprises with Regard to Human Rights’(the Ruggie Principles). These will be used by Tullow as aguide to developing our Human Rights policy. During 2011 we conducted a gap analysis to understand ourFTSE4Good rating. While Tullow scores reasonably wellagainst most of the FTSE4Good criteria, our current lack ofquantitative climate change targets means that improvingour score in this area remains a challenge. We have reviewed the services and opportunities for knowledgesharing and engagement available through membership of theInternational Petroleum Industry Environmental ConservationAssociation (IPIECA). This review has led us to conclude thatwe would benefit from wider interaction on social responsibilityissues such as human rights, social impact assessments andindigenous peoples in countries where we operate, and we arecurrently talking to IPIECA about becoming a member.Applying the GRI G3.1 GuidelinesThis report applies the Global Initiative G3.1 Guidelines and Oiland Gas Sector Supplement, which are designed to helporganisations to measure and report on their economic,environmental and social performance over time.A full GRI content index for this report, and covering elementsof our 2011 Annual Report and website, can be found online atwww.tullowoil.com/crr2011/griGRI has not assured this report, and the GRI Application LevelCheck is not a form of assurance. Deloitte provide limitedassurance on this report – more information is found on page 80.22Tullow Oil plc 2011/2012 Corporate Responsibility Report
RESPONSIBLEBUSINESSCreating shared prosperity shapes ourapproach to our corporate responsibilities.It ensures that our strategic priorities andbusiness objectives are aligned with ourcommitment to play our role in contributingto the development of new oil countriesin our portfolio of assets. We know we willonly earn the trust of the local, nationaland international community, and changeperceptions of the oil industry, if we act asa responsible business with honesty andtransparency. Our special feature providesa Regional Business overview of ourprogress with creating shared prosperityand highlights some of the key initiativesin each country.23www.tullowoil.com
Page 1 and 2: Tullow Oil plc 2011/2012 Corporate
Page 3 and 4: ABOUT THIS REPORTEach year, we soli
Page 5 and 6: 4Chairman’s statementFor companie
Page 7 and 8: More informationPageSpecial feature
Page 9 and 10: More informationPageCode of Busines
Page 11 and 12: 1OVERVIEWCOMMERCIAL QUANTITIESOF OI
Page 13 and 14: More informationPageGovernance 56Lo
Page 15 and 16: More informationPageEHS performance
Page 17 and 18: More informationPageGhana baseline
Page 19 and 20: 18Stakeholder engagementBuilding a
Page 21 and 22: Area for improvementTullow’s cont
Page 23: 2STAKEHOLDER PRIORITIESACCESS ANDIN
Page 27 and 28: 25www.tullowoil.com
Page 29 and 30: MauritaniaEDPSenegalESierra Leone E
Page 31 and 32: Côte d’IvoireGhanaLEGENDOil Fiel
Page 33 and 34: LISTENING AND RESPONDING TOOUR STAK
Page 35 and 36: 33www.tullowoil.com
Page 37 and 38: Ethiopia EUganda EDKampalanya ETanz
Page 39 and 40: UgandaLEGENDOil FieldCongo(DRC)Oil
Page 41 and 42: THE ENVIRONMENTOur activities in So
Page 43 and 44: “As part of Tullow’s social ent
Page 45 and 46: DEVELOPINGOPPORTUNITIESIN EUROPE, S
Page 47 and 48: United Kingdom EDPIrelandDublinLond
Page 49 and 50: “Our region’s diversity and the
Page 51 and 52: 50Performance dataWe measure our co
Page 53 and 54: GOVERNANCE2011/2012 key objectives
Page 55 and 56: ENVIRONMENT, HEALTH & SAFETY 2012 O
Page 57 and 58: LOCAL CONTENT2011/2012 key objectiv
Page 59 and 60: Governance, risk and corporate resp
Page 61 and 62: Due diligence: We already carry out
Page 63 and 64: More informationPageGlobal Percepti
Page 65 and 66: More informationPageEHS performance
Page 67 and 68: More informationPageAssurance 803Wa
Page 69 and 70: EHS risk management and asset prote
Page 71 and 72: 3“I am very proud of our highenga
Page 73 and 74: LocalisationWe see localisation as
Page 75 and 76:
“Tullow’s commitment to creatin
Page 77 and 78:
“Our entrepreneurial culturelends
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3MEASURING OUR PERFORMANCEMichael A
Page 81 and 82:
80Independent Assurance ReportIn 20
Page 83 and 84:
Supplementary informationTULLOW DAT
Page 85 and 86:
4COMMUNITY SOCIAL ENTERPRISE INVEST
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Glossary4AAA1000SES AccountAbility
Page 89 and 90:
Contacts and feedbackComprehensive
Page 91 and 92:
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