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Measuring our performance

We are making good progress in our corporate responsibility performance. The targets we are setting to assess our progress are increasingly informed by our stakeholder engagement processes.

We have reintroduced a detailed performance overview into our corporate responsibility reporting. We received feedback from socially responsible investors and corporate responsibility analysts, in particular, that they had a strong preference for a clear and informative summary of our performance against objectives, including an overview of our targets and plans for the following year.

Key

  • Meeting target
  • Within 10% of target or on track for delivery
  • Failing to meet target

Governance

2012 key objectives Progress 2012 performance 2013 objectives
Develop and enhance the capability of the compliance team and network of compliance champions. Met target Eight compliance champions appointed. Two compliance team members in Ghana and UK recruited.
  • 80% of employees and contractors to have attended the Code awareness training sessions.
  • Delivery of a new bribery risk management process and implementation of an updated due diligence strategy.
  • Early involvement of compliance function to mitigate risk of bribery and corruption in projects and transaction.
Continue to roll out the Code of Business Conduct awareness programme across Tullow. Met target 60% of the workforce and all Executive and Board members attended half-day awareness session.
Enhance bribery and corruption risk assessment and due diligence procedures. Met target Independent review of our programme. Recommendations incorporated in our 2013 plan.
Ensure early involvement in major projects or areas of risk to embed compliance. Met target Engaged from start of TEN development and input into new country assessments.