| ConocoPhillips' Sustainable Development Commitments |
ConocoPhillips 2010 Action Plans |
ConocoPhillips Long-term Direction |
| Ensure Long Term Viability |
We will enhance the sustainable development standard for major projects. |
Enhance our training and integration of sustainable development in business tools and processes, including business development, major projects and ongoing operations. |
| We will manage spending and capital planning to enable growth and deliver shareholder return. |
Manage costs and expand margins while growing our proved reserves and investing in new businesses. |
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| Invest in Our Employees |
We will support the growth of our employee affinity network groups and develop strategic partnerships with external organizations to promote a multicultural work force. |
Increase promotion and development of diverse talent globally. |
| Individual employee development goals will be included in annual goal setting. |
Employees receive meaningful, timely feedback on their performance and professional development and have access to the means to further develop skills and capability. |
| We will enhance occupational health metrics in order to identify workplace exposures and their potential link to specific health outcomes. |
We will track and measure workplace exposures, with appropriate trends documented and reported to management, and select key health performance indicators reported externally. |
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| Uphold Highest Ethics |
We will continue to evaluate and improve ethics training for all employees companywide. |
Review and assess our ethics processes against other companies to seek out best practices and make improvements where appropriate. |
| We will enhance country manager human rights awareness with training for high-risk countries. |
Continuously improve internal guidance for human rights issues. |
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| Be Transparent and Accountable |
We will continue to expand reporting assurance to cover a broader scope of sustainable development metrics. |
Align the scope of reporting assurance with key stakeholder expectations. |
| We will develop company guidance for implementing stakeholder engagement principles. |
Install systems to support stakeholder engagement companywide. |
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| Minimize Environmental Impact |
We will understand local water management needs through assessments and develop plans to address freshwater scarcity. |
Identify existing and develop new water management best practices and technologies to reduce the environmental impact of our water footprint. |
| We will review specific processes and procedures on evaluating biodiversity in the project development process. |
Collaborate with appropriate conservation bodies, local communities and experts to expand mutual understanding of managing biodiversity-rich or -vulnerable areas in which ConocoPhillips operates. |
| We will continue implementation of our corporate Climate Change Action Plan, including assessing business-specific actions. |
Prepare the company to succeed in a world challenged to reduce greenhouse gas emissions. |
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Increase availability of ever cleaner energy |
We will continue working with industry, local communities and government to address air, water, land and local communities’ concerns in the planned development of oil sands. |
Lead in innovation for in-situ production of oil sands. |
| We will continue investment in research and development for biofuels, including advancing lifecycle analysis methodology. |
Initiate commercialization of a next generation biofuels technology. |
| We will sustain resources to actively monitor and assess investment opportunities that meet our criteria in renewable power. |
Participate in a viable renewable energy business. |
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Positively Impact our Communities |
We will incorporate the assessment of health issues into our sustainable development scorecard process. |
Develop a systematic approach to health impact assessments. |
| We will assess current social investment efforts to identify ways to create better alignment with business and sustainability strategy. |
Implement a strategic social investment approach at corporate and business levels. |
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Improve Energy and Material Efficiency |
We will continue energy efficiency improvements in our operations. |
Develop processes that are less energy and material intensive. |
| We will build the price of carbon into business evaluations. |
Incorporate energy and material efficiency more explicitly in project development/value improvement processes. |
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| Operate Safely |
As part of our overall commitment to safety, we will achieve Occupational Safety and Health Administration’s Voluntary Protection Program STAR status for all U.S. refineries, seven production sites and corporate headquarters. |
Achieve zero recordable incidents, injuries and illnesses in each business sector in work force safety. |
| We will drive consistent standards of operations across the business in order to prevent incidents. |
Continue to conduct regular assessments of the global operations with a special focus on implementing improvements to our Asset and Operating Integrity and Process Safety programs. |