Environment
We work hard to protect our people, their communities and also the environment, both close to our projects and in the wider world. We were very proud to achieve ISO 14001 Environmental Management accreditation in 2011. ISO 14001 is the principal management system standard which specifies the requirements for the formulation and maintenance of an Environmental Management System.
The environmental performance of our operations has implications for our relationships with our people, their communities, partner organisations, the media, governments, investors and other stakeholders.
We are pleased to continue the ongoing work with The Carbon Disclosure Project on our Carbon Management Plan.
| Objectives | Achievements |
|---|
| Reducing Emissions |
Continuously monitored
We continuously seek new initiatives to reduce emissions and monitor the impact we have on the environment. Baseline studies have been completed in Russia and environmental monitoring systems have been identified , installed and in operation |
Zero discharge of chemicals to land
or surface waters |
Achieved in 2011; continuously monitored |
| Restored habitat and hydrological regime to pre-construction state as soon as reasonably practical |
Achieved in 2011; continuously monitored |
| No loss of containment of product |
Achieved in 2011; continuously monitored |
Consulting with Stakeholders ie
local communities, workforce,
NGOs and government agencies |
By following the same rules and working together towards consistent goals, we can have a more meaningful and quicker impact on greenhouse gas reductions and improve our communities. |
We recognise that CO2 and CH4 emissions from the use of hydrocarbons in our exploration and production activities may contribute to climate change. These are generated primarily through operating combustion engines, cold venting of gas, electricity generation and well test operations.
We monitor C02 and CH4 emissions attributable to drilling, well testing and production across the Group allowing the targeting and implementing of appropriate reduction strategies.
The concept of climate change and the manner in which we work to reduce our potential contribution is an ongoing activity.
Sustainability reporting is the practice of measuring, disclosing, and being accountable to internal and external stakeholders for organisational performance towards the goal of sustainable development.
The Global Reporting Initiative (GRI) is a worldwide multi-stakeholder organisation that created and maintains the Reporting Framework, a global sustainability reporting standard. We have commenced reporting according to the GRI’s Sustainability Reporting Guidelines.
The nature of our assets means we have an ongoing demand for services. This is will allow us to forge reliable agreements and offer longer-term commitments to our suppliers. Apart from the opportunity to maximise our expenditure to create business benefits, it also enables us to influence our suppliers’ behaviour in critical areas such as safety, local content and the environment through leveraging our contract performance management processes.
At the heart of our sustainable supply chain is a policy of localising supply by fabricating, manufacturing and sourcing as much as possible as close to the point of use. This means that those supplies are provided to us by indigenous companies. By sourcing close to the point of use we greatly reduce the distance over which our supply chain is spread and this in turn greatly reduces the impact on the environment, project cost and time.