Highlights from the 2013 CR Report include:
- Tullow’s commitment to Local Content: in 2013, Tullow spent $217 million with local suppliers, representing a 49% increase on the previous year;
- Our transparent disclosure of payments: reporting in line with, and ahead of, the implementation of the EU Accounting Directive, Tullow disclosed payments to major stakeholders, including governments, employees, local suppliers, shareholders and communities of over $1.6 billion; and
- In line with best practice, the report contains disclosure from the Global Reporting Initiative’s (GRI) new G4 guidelines. The GRI guidelines encourage companies to report on sustainability practices and performance in a transparent way, using a globally shared framework of indicators.
Simon Thompson, Chairman and Aidan Heavey, CEO, commented:
“Part of our responsibility is to try and create coalitions of interests, making people aware of the opportunities and challenges and building a common vision of the outcomes we all aspire to. This is why we publish a detailed Corporate Responsibility report every year.”
Simon Thompson, Chairman, Tullow Oil Plc.
“Creating shared prosperity is a never-ending journey. What I want is for Tullow to deliver year-on-year progress that continues to show how seriously we take our responsibilities.”
Aidan Heavey, CEO, Tullow Oil Plc.