Evolving our CSR Report

In the 2005 Corporate and Social Responsibility Report, we committed to evolving our CSR reporting and part of this process was meeting with and inviting comments from key stakeholders to assist us in improving our disclosure and transparency. Feedback was received from Tullow employees and management, institutional shareholders and the Ethical Investment Research Service (EIRIS). EIRIS is a sustainability rating agency which collects data for fund managers and other clients, including the FTSE4Good Responsible Investment Index. We have incorporated this feedback in how we improved our 2006 report and the detail of changes made is outlined here.

Feedback during the year requested that we improve our EHS reporting by including additional information on our performance, such as more detailed data on emissions, waste management, and health and safety. This year's improvements included three-year statistics where available, Total Recordable Incident information and collation of all the data used in a new section called 'Supplementary information' in pages 42 and 43. We are reviewing ways to improve the quality and range of data on Greenhouse Gases (GHG), waste management and energy consumption for reporting in the 2007 CSR report.

In the 2005 CSR Report we documented the key Social, Ethical and Environmental (SEE) issues for Tullow. Feedback from shareholders requested that we enhance this information by including exactly how we address these issues, highlighting the key aspects of the Group's policy in each area and integrating all the elements of related information into one area of the report. We have done this on pages 10 and 11.

In 2006, Graham Martin, an Executive Director and Tullow's General Counsel, was appointed with responsibility for Human Rights issues. As a result of feedback, we are working on enhancing our policy in this area and will roll this out across the Group in 2007.