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

Our performanceMEASURING OURPERFORMANCEWe made good progress this year in corporate responsibility performance.The targets we are setting to assess our progress are increasingly informedby our stakeholder engagement processes.HIGHLIGHTS FOR THE YEARStakeholder engagementStakeholder engagement highlights include buildingmore robust capacity and internal processesand putting in place more effective methods foridentifying, assessing and managing social andpolitical risk.Environment, Health & SafetyTullow achieved a good EHS performance in 2011.A detailed review of KPIs undertaken by the newEHS Strategy Forum has refocused 2012 leadingand lagging indicators to improve the overall qualityand effectiveness of EHS at Tullow.Our peopleStaff turnover remained low and our global employeeand contractor survey achieved good participationlevels and a strong engagement score.Social enterpriseA working group has been established to linkTullow’s social enterprise strategy more closelywith the Group’s business activities and objectives.MORE INFORMATIONSection 3 contains more detailed information onour performance and activities during the year.Supplementary data is provided at the back of thisreport and you will find the basis of reporting andthe GRI Content Index for this report online.We have reintroduced a detailed performanceoverview into our 2011 Corporate ResponsibilityReport. We received feedback from sociallyresponsible investors and corporate responsibilityanalysts, in particular, that they had a strongpreference for a clear and informative summaryof our performance against objectives, includingan overview of our targets and plans for thefollowing year.In this section, we have incorporated an overviewof each of the key elements of creating sharedprosperity. We have indicated through a traffic lightsystem the status of each objective. A green lightindicates that we achieved the objective. An amberlight indicates that we are within 10% of achievingour target or on track for delivery. A red light meansthat we have failed to achieve our objective duringthis reporting period. In total we had over 30corporate responsibility objectives for the year.These included a range of both quantitative andqualitative targets. We achieved 22 of our targets.In addition, the Board had a number of corporateresponsibility objectives relating to corporate risk,which formed part of their 2011 Board objectives.These included: External stakeholder relationships; Health & safety, with particular emphasison malaria awareness and performance; UK Bribery Act and Tullow’s Code ofBusiness Conduct; Organisational capacity; and Maintenance of Tullow culture.The Board is satisfied that appropriate discussionand action took place, with particular emphasisduring the year on health and safety, bribery andorganisational capacity.50Tullow Oil plc 2011/2012 Corporate Responsibility Report