Having a robust approach to Corporate Responsibility (CR) is critical to building sustainable relationships with our stakeholders, preserving our reputation and helping to manage risks to our business objectives.
“We are committed to being a responsible explorer and producer of oil and gas, and our operations are carried out to the highest international standards.”
Chief Executive Officer
Our Code of Conduct sets out guidelines on how we expect our people and other key stakeholders to behave in support of CR. This Code forms the foundation for everything we do.
We recognise that it is important to review our approach to climate change and have undertaken various new initiatives in this area. We submitted a Climate Change Questionnaire response to CDP (formerly Carbon Disclosure Project) in 2016.
We continue to improve our systems to gather data from across the Company and have begun the process of reporting a broader set of CR metrics, in line with the Global Reporting Initiative’s (GRI) Sustainability Reporting Guidelines.
The principle of creating shared value for our stakeholders is central to our strategy of becoming a sustainable exploration company. We recognise that capitalising on the connections between societal and economic progress can allow Ophir to create value for itself as well as for the various communities, and the environment, in which we operate. Transparency is an important aspect to all that we do and we seek to engage with all stakeholders, including governments, local community representatives, shareholders and employees through a combination of regular meetings, written communications and posting on our website.
Focus in 2016
During 2016 we had a number of key achievements:
- our focus on operational excellence saw us complete 1.8 million operated man hours without a recordable injury across our workforce
- we continued to operate incident-free in 2016 with no significant spills or other loss of containment events
- we introduced a leading indicator metrics system to help prevent HSE incidents
- we have greatly expanded the suite of environmental metrics we are tracking at the Corporate level (see Annual Report)
- our Board developed a statement on Climate Change and rewrote or Climate Policy
- we were recognised as one of the top three first time UK companies responding to CDP
- we submitted a report for 2016 adopting the principles of the GRI G4Sustainability Reporting Disclosures
- we began tracking compliance activities across the group through the introduction of compliance leading indicators
- we established a social due diligence standard which is applied to any new community projects we undertake
Focus in 2017
During 2017 our priority will be to continue to build on our track record of delivering our operations with excellence. The key driver of this is protecting the health, safety and wellbeing of our workers as well as the environment. We are also aware of the need to sustain positive relationships with all key stakeholders to create shared value with our stakeholders and maintain our licence to operate.
More specifically we will be focused on:
- expanding our leading indicator system to improve the controls across our business as a key part of our risk management process
- continuing to roll out our Employee Value Proposition to all employees
- using our management information systems to measure internal compliance and impact of our governance programmes across HSE and the People agenda
- publishing a statement in compliance with the United Kingdom’s Modern Slavery Act
- monitoring developments on climate change and government and market responses
- reviewing our initial GRI reporting and looking for areas where we can improve our internal processes and procedures to potentially enhance reporting for 2017
We will also continue to comply with all applicable human rights laws and regulations and use the UN Guiding Principles of Business and Human Rights for guidance.
Our emphasis on CR is in keeping with our desire to create sustainable shared value for all our stakeholders.