Notes for this page
AccountAbility AA1000 Stakeholder Engagement Standard
Assists African governments to achieve long-term economic growth and transformation www.acetforafrica.org
Community Consultation and Disclosure Programme
A wholly owned Ghanaian freight forwarding and logistics company www.conshiponline.com
China National Offshore Oil Company
Civil Society Organisation
Exploration and Appraisal
Environment, Health and Safety
EHS Management System
Environmental Impact Assessment
Extractive Industries Transparency Initiative
Environmental Management System
Provider of offshore contract drilling services to the oil and gas industry www.enscoplc.com
- Eirik Raude (The)
a fifth-generation semi-submersible drilling unit
Environmental and Social Impact Assessment
the sale of a percentage of a licence interest to another company
Floating Production Storage and Offloading vessel
- FTSE 100
Equity index whose constituents are the 100 largest UK listed companies by market capitalisation
Geographic Information System
Ghana Offshore Emergency Leadership Forum
Global Reporting Initiative
Health and Safety
High Potential Incident
HiPo Frequency Rate measured in HiPos per million hours worked
International Regulators Forum
Information Management System
International Petroleum Industry Environmental Conservation Association
International Standards on Assurance Engagements
International Organization for Standardization
International Association of Oil and Gas Producers (The)
Grassroots advocacy and campaigning organisation fighting extreme poverty and preventable diseases www.one.org
Occupational Health & Safety Advisory Services
Oil Spill Response Ltd
Oil Spill Prevention and Response Advisory Group
Regional Business Manager
- Safety Case
A document or suite of documents that identifies, assesses, and documents major hazards
Senior Management Committee
Socially responsible investment
- sq km
Tullow Oil Environmental Standards
Total Recordable Injuries
TRI Frequency Rate measure in TRIs per million hours worked
Vehicle Accident Frequency Rate measured in vehicle accidents per million kms driven
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About this report
Our reporting roadmap
Since our first report in 2006 we have grown considerably as a company and the scope of our reporting, as well as our understanding of what we need to report, have changed accordingly.
The report aims to give an overview of our corporate responsibility performance for all Tullow stakeholders. Sections 1 and 2 are designed to provide an easily accessible summary of our progress, with detailed information for those who wish to read more in sections 3 and 4.
To increase accessibility to our full range of stakeholders the report has also been published online, both in interactive and pdf format and in French. In 2011, we will also be publishing a summary report for easy use in external engagements, particularly where the audience is large and the majority of readers may not wish to access the most detailed information.
Each Tullow operation identifies, prioritises and engages stakeholder groups that its activities have the most impact on. The stakeholder mapping process in key countries is managed by local Corporate Affairs teams. In other areas country managers are responsible for contributing to stakeholder mapping. Central support is provided by the Group External Affairs team, including input on relevant stakeholders with a global reach on issues that are material to Tullow's business.
Our stakeholders include, among others, local communities, government (national, regional and local, including regulators), NGOs (both advocacy and development), policymakers, intergovernmental organisations, academics, think tanks, investors, the media and employees.
Improving what we do
Every year we solicit feedback and suggestions on how we can improve our reporting. In 2010, recommendations included the need to more clearly establish the business case for corporate responsibility and to more clearly link corporate responsibility to Tullow's overall business strategy. As a result, this year's report is dedicated to explaining the approach to corporate responsibility introduced in last year's report – creating shared prosperity – and how we deliver this through every part of our business.
Other recommendations for improvements included the need to further demonstrate how stakeholder dialogue/feedback impacts our business strategy and to improve identification of our material issues. We have listened to this advice and during the year we have tried to use more structured methods to analyse trends in the type of issues raised by our stakeholders and that we have identified through internal engagement.
This resulted in a significant impact on the structure of this report. Four of the issues raised by our stakeholders have shown themselves to be more important than any others (in terms of the frequency with which they were raised). These receive additional focus in this report, in the form of special features and they have been expanded on both in Tullow's words, and in the words of our stakeholders.
We have also added in new 'performance' chapters on areas of our business that have developed significantly enough over the last 12 months to warrant more in-depth treatment. These include materiality, stakeholder engagement, sustainable supply chain and social enterprise.
GRI has confirmed that this report 'Creating shared prosperity' (2010) fulfills the requirement of Application Level B+. The GRI Content Index and the Basis of Reporting is available for download on our Downloads page.
Limited assurance has been carried out on Group-level compilation of environmental, safety and social performance indicators for the year ending 31 December 2010. An Internal Audit review of data collection, aggregation and reporting has also been conducted for social enterprise data.
While we are sure we have made progress in our understanding of and ability to report on our key stakeholder issues, this is very much work-in-progress. We know we have some way to go in terms of stakeholder input into our overall reporting strategy, both in the report itself and through the Tullow Oil website. This year we have reported for the first time on key external sustainability initiatives and standards to which we have signed-up or with which we are aligned. Our aim is to use such initiatives more effectively to guide us on what and how we report moving forward.
Insight into some of the main issues affecting our business
Our goal in 2010 was to engage with stakeholders to create a three-year reporting roadmap.
We have addressed all of these issues either in this report or in the corporate reponsibility section of our corporate website.