CR objectives and KPIs

In order to deliver our business strategy, every year we set a series of Key Performance Indicators (KPIs).

There are elements of working responsibly in each of those KPIs, with one of them, the Maintain licence to operate KPI, dedicated solely to working responsibly. 

To support achievement of the Maintain licence to operate KPI, we have compiled a series of Corporate Responsibility (CR) objectives. Our CR objectives are set annually and are grouped under four themes: Business Relationships; Society and Communities; People; and Environment.   

Our CR objectives are set from an understanding of our material issues, against a backdrop of good practice, and are used as a measure of our performance to drive continuous improvement.

CR objectives are reviewed throughout the year by senior management to gauge progress, and are adjusted and updated as necessary. At the end of the year, they are used in assessing Group overall performance and are linked to internal incentives of our people, before being reset for the following year.

How did we do in 2016?

The table below summarises the CR objectives we set in 2016 and the progress we have made against these.

Tick KPI achieved by 2016 year end

Minus KPI partially achieved by 2016 year end

Cross KPI not met by 2016 year end

We continue to follow our process to set our 2017 CR objectives in order to maintain alignment with the Group’s strategy. The process is informed throughout by our CR road maps, which are updated annually to reflect progress made, and to address any changes to international standards, industry best practice or expectations. The process is also shaped by stakeholder engagement, progress made in 2016, the 2017 work programme and the outcomes from the CR materiality assessment process.

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2016 CR objectives highlights

CR objectives 2016 How did we do?
Standards and leadership
Corporate Responsibility Management System (CRMS)
  • We revised our Group CRMS in late 2015 and again in 2016 and we completed roll-out
  • We revised our crisis and emergency procedures to improve the quality of response to new and existing scenarios
  • We revised our business plan
  • Our CRMS was re-verified against the requirement of OSPAR
Tick
Non-operated practices
  • We continued to support our non-operated assets to meet good practice
Tick
Business relationships
Contractors and projects
  • We successfully completed our phase two drilling programme in Senegal, maintaining compliance with all requirements
  • We improved our risk screening process and used it successfully in preparation for our phase three drilling campaign in Senegal
  • We applied our Project Delivery Process (PDP) for phase three drilling in line with schedule
Tick
HSE/CR communications
  • Our Annual Report and web pages were updated and we successfully reviewed our basis of reporting
  • We failed to issue a planned CR communication document for Senegal
Minus
Society and communities
Human rights and ethics
  • We updated the Board on developments under the Modern Slavery Act, climate change agreements and the UN SDGs
  • We refreshed our anti-bribery and corruption (ABC) policies and procedures and rolled out e-learning
Tick
Social investment in Senegal Minus
Our people
People management
  • We updated our People Management Policy and Manual but failed to complete and roll it out
Minus
Traveller risk management
  • We improved our traveller management system and rolled it out
Tick
Environment
Climate change
  • We reviewed our risks arising from COP21 including general implications and asset reviews
  • We presented outcomes to the Board
Tick
Lagging indicators
Lost Time Injury Frequency (LTIF)
  • We had one lost time accident (LTIF rate was 1.04)
Cross
Total Recordable Injury Rate (TRIR)
  • We met our TRIR target of 2 (TRIR was 1.04)
Tick
Oil spills
  • We didn’t meet our oil spill benchmark of zero spills (four spills; total of 1.05 bbl oil spilled)
Cross

 

CR objectives process

 

2017 CR objectives

Business relationships
1. Economics and funding
  • Strengthen link between Corporate Responsibility Management System (CRMS) and business risk management
  • Improve Corporate Responsibility (CR) risk register
  • Annual CRMS audit
  • Enhance CR content of Investment Proposals and support new ventures
2. Contractor and supply chain
  • Run contractor workshops in Senegal with themes including Life Saving Rules and Modern Slavery Act (MSA)
  • Support other programmes planned across the Group
3. Ethics, ABC and transparency
  • Continue to improve our Code of Business Ethics and Business Principles
  • Enhance the gifts and hospitality register
  • Anti-bribery and corruption (ABC) training targeted at high-risk areas
Society and communities
4. Social and economic benefit
  • Continue to develop our Impact Benefit Plan in Senegal
  • Standardise our approach to impact benefit planning across the Group and linkage to the UN SDGs
5. Human rights
  • Further develop Modern Slavery Act (MSA) safeguards
  • Deliver MSA training
  • Develop MSA statement for 2017
6. Communities
  • We will improve opportunities for local participation in the Senegal project and development of our local employees
  • We will complete our CR brochure for Senegal
People
7. Major accident prevention and safety
  • Implement safety campaigns linked to our Life-Saving Rules
  • Further training of our crisis and emergency personnel, improve plans and perform exercises
8. Health and well-being
  • We will revisit our pandemic and infective disease planning
  • We will update our Senegal health plans
9. Security
  • Security exercise will be run and we will continue to provide improved support to ‘high-risk’ travellers
10. Employees
  • We will complete and roll out our revised People Management Policy and Manual
  • We will assess effectiveness of management training
  • We will perform a Managing Talent audit
11. Equality and diversity
  • Determine implications arising from the development of the Equality Act
Environment
12. Climate change, emissions and discharges
  • Continue to track risk arising from climate change treaties and legislation
  • We will review our greenhouse gas (GHG) monitoring and accounting preparedness
13. Biodiversity
  • We will conduct a baseline survey for our Senegal unexplored offshore blocks and develop an Environmental and Social Impact Assessment (ESIA)
14. Resource use
  • We will perform an Energy Saving Opportunity audit
15. Product stewardship
  • We will support trading of non-operated asset production when it commences in 2017
Lagging indicators
Lost Time Incidents
  • Our target will remain as 0 LTIs and LTIF of 0
Total Reportable Incidents
  • Our target will be a TRIR of <2
Oil spills
  • Our target will be zero oil spills to the environment