Stakeholder engagement

Ophir’s stakeholder engagement is focused on how we can be a trusted organisation and create shared value for the people and groups that affect, or are affected by our business, so that we can ultimately create greater value for our shareholders.

A key aspect of our risk management process is that we continually pay attention to the concerns and priorities of our stakeholders.

In existing assets, we assess and incorporate stakeholder engagement into our Asset Development Plans. We also consider stakeholder engagement as part of our process for reviewing new business opportunities.

Our stakeholders and how we engage with them

We have identified our main stakeholders to be:

  • Investors
  • Governments and regulators
  • Business partners and peers
  • Contractors and suppliers
  • Communities
  • NGOs
  • Employees

Stakeholder Key interests Sample types of engagement
Investors
  • Strategy and performance
  • Good corporate governance
  • External reporting
  • Investor roadshows
  • Conferences
  • Perception studies
  • Press releases
Governments and regulators
  • Legal compliance
  • Major incident prevention
  • Employment and revenue generation
  • External reporting
  • Permit applications
  • Update meetings
  • Compliance monitoring
  • Knowledge sharing
Business partners and peers
  • CR policies and approach
  • Industry reputation
  • External reporting
  • New business due diligence
  • Partner meetings
  • Benchmarking activities
Contractors and suppliers
  • Long-term relationships
  • Opportunities for growth
  • Meeting CR standards and other business requirements
  • External reporting
  • Commercial relationships
  • Senior executive meetings
  • Training and supervision
Communities
  • Access to employment opportunities
  • Protection of environment and livelihoods
  • Community development
  • External reporting
  • Consultation meetings
  • Grievance mechanisms
  • Community investment
NGOs
  • Approach to CR issues
  • Working in frontier locations
  • Major incident prevention
  • Human rights
  • External reporting
  • Meetings with local NGOs as part of Environmental and Social Impact Assessment (ESIA) consultations
  • Responses to written enquiries
  • Conferences
Employees
  • Remuneration and benefits
  • Opportunities for development
  • Company strategy and culture
  • Safe and fair working environment
  • Performance and development reviews
  • Employee engagement survey
  • Staff meetings
  • ‘House group’ meetings
  • Intranet and other internal communications
  • ‘Lunch and Learn’ sessions

Public policy development and lobbying

Ophir’s involvement in public policy development and lobbying is carried out through relevant industry bodies such as the Association of British Independent Oil Exploration Companies (Brindex). Our Country Managers are responsible for managing government relations in our countries of operation and engage directly with government officials as and when appropriate.