To determine the importance of our material topics, we consider the global sustainability context, transparency and relevant reporting standards. We also assess actual and potential, negative and positive impact on people, the environment and the economy.
Ensuring responsible operations
|Health and safety, incl. emergency response|
|Integrity and anti-corruption|
|Human rights in the supply chain|
|Human rights in communities|
Protecting the environment
|Biodiversity, oceans & sensitive areas|
|Air emissions, water and waste|
Creating shared value
|Economic impact (direct and indirect)|
|Local community impact|
|Diversity and inclusion|
|Employment and skills development|
Building a lowcarbon advantage
|Climate risk and resilience|
|GHG emissions scope 1&2|
|GHG emissions scope 3|
|Supply chain emissions|
|Low carbon technologies and carbon sinks|
|Climate policy engagement|
Frequent dialogue with our stakeholders is part of how we conduct our business in an open and responsible way and provides part of the basis for identifying material topics. Key stakeholder groups include employees, shareholders, governments, regulators, business partners and suppliers, customers, local communities, academia, non-governmental organisations and society at large.
It is our responsibility to fully understand the expectations of governments and to be aware of our duties. In return, governments should be attentive and foster conditions in which our industry can make the greatest contribution.
We also work with governments and civil society organisations to solve key environmental and social challenges through multi-stakeholder initiatives such as:
Extractive Industries Transparency Initiatives (EITI), the Voluntary Principles on Security and Human Rights (VPSHR), the Global Gas Flaring Reduction partnership (GGFR) and the Climate and Clean Air Coalition (CCAC).
We know that our operations may affect local communities both positively and negatively. To maximise positive impact and mitigate negative impact we focus on:
Our operations make use of public consultations, surveys, interviews, one-to-one meetings and community panels to better understand the expectations from local communities and to devise mitigation strategies and plans that best suit local conditions.
We depend on an open dialogue and partnerships with the broader society to achieve our business objectives and to become a leading company in the energy transition.
We engage with media, non-governmental organisations (NGOs), international organisations and academics and research centres, which may provide specialised expertise on managing impacts.
Some of our collaborations:
UN Global Compact, and a founding partner of the UN Global Compact Action platform for sustainable ocean business. Extractive Industries Transparency Initiative
United Nations Sustainable Energy for All
We work with our peers and partners through bilateral dialogue and industry associations and partnerships.
We share best practices, our positions and promote sustainable business through the value chain.
Some of our collaborations: Oil and Gas Climate Initiative, IPIECA (the global oil and gas industry association for advancing environmental and social performance), the Subsea Well Response Project (SWRP), World Business Council for Sustainable Development (WBCSD) and the International Emissions Trading Association (IETA).