Stakeholder Engagement

Due to the size and scale of our company, as well as the nature of our business, ConocoPhillips stakeholders have unique and evolving expectations. We proactively engage with them to learn their expectations of us, and then incorporate what we learn into our business plans and actions. This process fosters an environment of trust and mutual respect. Through work with industry associations, participation in multi-sector forums, and dialogue with socially responsible investors, we’re gaining diverse and valuable perspectives as we continuously improve our sustainable development programs and initiatives.

ConocoPhillips' stakeholder engagement activities are an integral part of our sustainable development commitments. Our major businesses have engagement strategies which vary according to the nature of the local community. In dispersed communities, we identify key stakeholders and engage with them face-to-face to ensure that our activities are understood and that we consider their feedback. In regions where there are opportunities to bring local stakeholders together, we work with multi-stakeholder groups in a similar way.

This approach is embedded in our SPIRIT value of Integrity, which states that we are ethical and trustworthy in our relationships with stakeholders. Our Principles for Effective Non-Financial Stakeholder Engagement (.pdf document) expands upon the value of Integrity to provide additional guidance on how we can build those relationships. In our principles, we commit to:

  • Proactively identify and seek out key stakeholders early in the business endeavor. 
  • Include these key stakeholders in the design and implementation of the engagement process. 
  • Listen in order to understand stakeholders’ interests, concerns and culture. 
  • Communicate openly. 
  • Seek solutions that create mutually beneficial business and engagement approaches that also build long-term value for both the company and our stakeholders. 
  • Follow through on our commitments and stand accountable for the results, both internally and externally.

 

Additional Information

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