Stakeholder engagement is a daily business practice at every level of the organisation.
Stakeholder engagement is a daily business practice at every level of the organisation.
We regularly communicate with a wide range of stakeholder groups through formal meetings, open forums and on-the-ground engagement.
Consistent and proactive engagement fosters stronger relations and helps build partnerships.
The feedback and recommendations captured following the various engagements feeds into our business processes to help us make any necessary improvements.
Primary stakeholders of Tullow Oil
During 2022, we continued to engage with our primary stakeholders to ensure we are aware of their expectations and concerns and are able to address them effectively.
The main ways we engaged in 2022 are as follows:
Host communities
Primary means of engagement
Regular interactions in our host countries through our local Social Performance teams.
Key expectations
- Project development and operational updates.
- Managing project related concerns.
- Updates on socio-economic investments and local content opportunities.
Engagements in 2022
We engaged across the spectrum of local communities in Ghana and Kenya. In Ghana, a focus of discussion was offshore platform security arrangements, while in Kenya, the focus was on land acquisition relating to our oilfield developments in the country.
See also the other sections in the Shared prosperity chapter starting on page 15 of Sustainability Report, covering socio-economic investment and local initiatives.
Host governments
Primary means of engagement
Our Senior Leadership and local teams engage with local/national governments through meetings, discussions, surveys, advocacy and industry collaborations.
Key expectations
- Updates on business performance.
- Development of local content.
- Economic contribution.
- Job creation.
Engagements in 2022
We continued our dialogue with host country governments in relation to Tullow’s contribution to advancing national sustainable development agendas and supporting economic growth. We engaged with governments in connection with our operational developments and Shared Prosperity initiatives.
Local Suppliers
Primary means of engagement
We engage in ongoing business meetings, visits and discussions with suppliers. We also support supplier capacity building through local content activities.
Key expectations
- Opportunities to compete.
- Ethical procurement.
- Initiatives to help local suppliers reach the international standards required by the oil and gas sector.
Engagements in 2022
We maintained engagement and collaboration with a wide range of partners and suppliers in our host counties to advance transparency and opportunity for suppliers to compete for Tullow business. In particular, we launched new initiatives in Ghana, such as the Tullow Supplier Market Day, and a new local content reporting tool to enhance the transparency of local content initiatives.
Colleagues
Primary means of engagement
Daily interactions through business activities and team meetings, engagement surveys and town hall meetings.
Key expectations
- Timely updates about the business and organisational changes.
- Opportunity to advance including for African nationals in their country.
- Fair compensation and benefits.
- Safe operations.
Engagements in 2022
Our significant employee engagement processes included ongoing business updates and an Employee Engagement Survey mid-year. An important dialogue was held in Ghana relating to local currency depreciation and impact on pay, and a new dollarised pay system was adopted. Our Employee Advisory Panel also provided input on labour and workplace topics.
ESG experts and Industry Peers
Primary means of engagement
Ongoing engagement through discussions, working groups / seminars.
Key expectations
- Share best practices.
- Seek advice on key issues.
Engagements in 2022
We engaged with a range of experts on different topics relating to emerging risks and material issues within our industry and core geographies, and continued our active engagement with IPIECA.
Lending Banks and Investors
Primary means of engagement
Hosting regular bondholder and bank meetings. The Board and senior leaders meet regularly with investors and banks.
Key expectations
- Timely and accurate financial statements.
- Business forecasts.
- Strong governance and ethical conduct.
Engagements in 2022
We maintained our transparent reporting though our Annual Report and annual Sustainability Report, responding to questions in investor calls.
Non Governmental Organisations
Primary means of engagement
Engagement as needed on topics on a specific basis per organisation.
Key expectations
- Proactive disclosure on stakeholder engagement, governance, and economic, environmental and social impacts.
Engagements in 2022
We progressed a wide range of NGO collaborations and projects in line with our Shared Prosperity strategy and objectives.
Advancing the SDGs
Tullow aims to align with the world’s sustainable development priorities to deliver global prosperity by 2030 as encompassed in the United Nations Sustainable Development Goals. By working to deliver our purpose, Tullow is best placed to make a significant contribution towards seven SDGs.
Safe Operations
- Tullow provides a safe working environment for colleagues, contractors and visitors.
- We are committed to maintaining and enhancing our process safety and emergency response management.
- Tullow promotes health and wellness for Tullow colleagues around the world.
Shared Prosperity
- We contribute to economic growth in our host nations through responsible business practices, promoting human rights, optimising local content and employing African nationals throughout our business, enhancing inclusive employability and livelihoods and helping reduce income inequalities.
- Tullow makes a significant contribution to advancing education, in particular STEM
education, in our host countries.
Environmental Stewardship
- We advance responsible and efficient energy production in our host countries.
- Tullow has committed to Net Zero for Scope 1 and 2 GHG net equity emissions,
by improving operational efficiencies, eliminating routine flaring and identifying
nature-based solutions for hard to abate emissions. - We manage water and waste responsibly and report transparently to our stakeholders.
- We minimise negative impacts on biodiversity during all phases of our activities.
Equality and Transparency
- We engage thoughtfully and consistently with a broad range of stakeholders.
- We place an uncompromising focus on ethics and compliance.
- We take a responsible approach to taxation and support transparency in our payments to governments.
- We work to improve the diversity of our workforce and the inclusiveness of our culture.
Our Sustainability Report 2022
This Sustainability Report complements our 2022 Annual Report and provides further details of our environmental and social performance over the past year.