Tullow Oil plc 2011/2012 Corporate Responsibility Report - The Group
Tullow Oil plc 2011/2012 Corporate Responsibility Report - The Group
Tullow Oil plc 2011/2012 Corporate Responsibility Report - The Group
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Our performance continuedOUR PEOPLE<strong>2011</strong>/<strong>2012</strong> key objectives <strong>2011</strong>/<strong>2012</strong> performance StatusMaintain staff turnover below 5% per annum, with astretch target of 2%.Staff turnover was 3.2% in <strong>2011</strong>, a good outcome in lightof a 29% increase in employees.Launch global employee and contractor surveyin the third quarter of <strong>2011</strong>.Deliver Board Human Resources (HR) objectives inorganisational capacity and maintaining our culture.Develop our relationships with hostgovernments and regulators and definelocalisation plans for Ghana and Uganda.Talkback was successfully completed with an84% participation rate and demonstrated an 81%engagement level.<strong>The</strong> Board is satisfied that appropriate discussionand activity took place in <strong>2011</strong>. Building organisationalcapacity remains a focus in <strong>2012</strong>.Localisation plans and the relevant host-countryrelationships continue to be developed and enhanced.<strong>2012</strong>/2013 objectives StatusMaintain staff turnover at below 5% per annum.Same as<strong>2011</strong>Deliver actions from the <strong>2011</strong> Talkback survey.Deliver Board HR objectives in organisational capacity and further embedding our values.Complete global succession plans and review with all functions.NEWSame as<strong>2011</strong>NEWSUSTAINABLE SUPPLY CHAIN<strong>2011</strong>/<strong>2012</strong> key objectives <strong>2011</strong>/<strong>2012</strong> performance StatusReview master contract agreements to embed EHSstandards and mandate local content requirements.Updated master contracts in place.Develop a supply chain strategy that reduces risk,waste and unsustainable practices.Improve reporting to provide greater transparencyin contracting processes and supplier contracts.Supplier evaluation criteria addresses the 10 principlesof the UN Global Compact to develop more sustainablesupply chain practices.<strong>Tullow</strong>’s online Supplier Centre was launched in <strong>2011</strong>and provides current and potential suppliers with detailsof our contracting processes, opportunities and more.<strong>2012</strong>/2013 objectives StatusEmbed contractual commitment to fabrication in local communities or regions.NEWContinue with industry partner forums on compliance and ethics.Improve land/vehicle safety with the roll-out of mandated supplier driver training and standards.Innovate in logistics management to improve our environmental footprint.NEWNEWNEWMeeting targetWithin 10% of target or on track for deliveryFailing to meet target54<strong>Tullow</strong> <strong>Oil</strong> <strong>plc</strong> <strong>2011</strong>/<strong>2012</strong> <strong>Corporate</strong> <strong>Responsibility</strong> <strong>Report</strong>
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