LOBBYING AND POLITICAL CONTRIBUTIONS Our limited lobbying activities are used to support sales and community relations in the U.S. Total expenditures in 2011 were less than $200,000 with $100,000 going to the Coalition to Advance Renewable Energy through Bulk Storage, an association promoting compressed air energy storage (CAES) solutions before Congress. In addition, during 2011 <strong>Dresser</strong>-<strong>Rand</strong> was a member of the U.S. Chamber of Commerce, which is the world’s largest business federation, representing the interests of more than three million businesses, as well as state and local chambers and industry associations. <strong>Dresser</strong>-<strong>Rand</strong> has not made political contributions and does not currently have a political action committee. However, certain management members make political contributions. MARKETING COMMUNICATIONS All marketing materials are reviewed internally to ensure they adhere to relevant laws, standards and internal guidelines, and to ensure they do not infringe on any third-party trademarks or copyrights. We have not been subject to any fines in 2011 for noncompliance with laws concerning the marketing of our products and services. The company has a number of policies that promote the adherence to laws related to marketing communications, such as advertising, promotion and sponsorship. Among these are our Code of Conduct, our Media Contact and Communications Policy, and our Policy on Fair Disclosure. Any information presented on our website, or set forth in advertisements and product literature is prepared and reviewed by subject matter experts, reviewed by our Director, Market Services, and finally reviewed by the company’s Disclosure Committee, or subcommittees thereof, prior to being distributed. Moreover, all press releases and articles intended for public distribution are approved by the company’s Disclosure Committee, or subcommittees thereof, prior to publication. This process is 36 DRESSER-RAND undertaken to ensure the accuracy of the information being disseminated, and in-house counsel also reviews the materials for legal compliance. COMPLIANCE It is <strong>Dresser</strong>-<strong>Rand</strong>’s goal to periodically train all of its employees in the Code of Conduct, the global anticorruption policy and other significant company policies. During 2011, the company was not the subject of any legal actions alleging anticompetitive behavior, and no significant fines or sanctions were assessed against or paid by the company in 2011 for noncompliance with laws and regulations. ABOUT THIS REPORT This is our third Sustainability Report. Our goal is to provide a balanced view of the key issues we face and outline the major achievements we have made that affect <strong>Dresser</strong>-<strong>Rand</strong> stakeholders across environmental, social and governance areas. SCOPE This report, published in June 2012, covers information across our global operations for the year ended December 31, 2011, unless otherwise noted. We include information from previous years where it is appropriate to provide context. <strong>Dresser</strong>-<strong>Rand</strong> is reporting on the operations for which it has operational control, including as applicable, all business units, joint ventures and facilities owned or under lease (for example, office and vehicle leases). For acquisitions, we report information commencing from the date the transaction is completed. Currency is reported in U.S. dollars. HISTORY OF SUSTAINABILITY Sustainability is not a new concept. <strong>Dresser</strong>-<strong>Rand</strong> and its legacy companies have been providing energy-efficient solutions to clients and supporting communities for many years. This report represents a snapshot of our progress to date, and expands upon our capacity to measure and document our progress with regard to corporate responsibility. Our Sustainability Council, comprised of a passionate, cross-functional group of senior executives, is guiding our evolution as we implement initiatives to drive us toward improved performance. We believe we are making good progress and look forward to regularly reporting on this progress. REPORT CONTENT In determining the scope of this report, we looked at the best practices in reporting. We are pleased to be reporting at level B, according to the Global Reporting Initiative G3 Guidelines (www.globalreporting.org). Responses used data that were available to <strong>Dresser</strong>-<strong>Rand</strong>, and recognized standards (e.g., the Greenhouse Gas or GHG Protocol) were used to calculate the indicators. To determine the information material to our performance, we also reviewed a variety of resources, including: • Corporate plans, strategies, policies, and initiatives • Input from our Board of Directors • Client feedback • Stockholder dialogue and financial analyst input • Employee and community input • Media coverage • Industry benchmarking • Issues ranking from the Sustainability Council REPORTING GOALS Our goal is to engage our stakeholders and solicit their views on this report’s coverage and transparency. We will use their input to improve our communications going forward. Environmental data has been collected and verified by a leading energy consulting and management company. (At this time, we have not undertaken additional third-party assurance.) FEEDBACK We welcome feedback about this report. If you have any questions or comments, please email: sustainability@dresser-rand.com
GOVERNANCE CORPORATE SUSTAINABILITY REPORT 37
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