The 2018 Risk Register includes three broad categories: conservation and protected areas, habitats and ecosystems, and species. A corporate Biodiversity Action Plan tracks the mitigation actions, milestones and progress in managing these risks. Mitigation actions can range from one or multi-year specific projects to routine and long-term programs. Risks can apply to a single business unit, to multiple business units or globally. The table below provides a summary of our 2018 SD Risk Register.

Biodiversity Risk Table

Risks 2018 Mitigation Actions 
Conservation and Protected Areas
Mandatory compensatory mitigation
  • Advance restoration projects for regulatory offset recognition.
  • Minimize residual impact through increase of avoidance measures.
Habitats and Ecosystems
Decommissioning in protected areas
  • Develop risk-based post-decommissioning monitoring program.
  • Engage with regulators on decommissioning impact monitoring.
Cumulative impacts to habitats or ecosystems
  • Provide guidelines and training for employees travelling through sensitive environments.
Habitat Conservation and Restoration
  • Compile inventory of reclamation opportunities.
  • Investigate technologies for detecting protected species and habitats.
  • Collaborate with grassland bird joint ventures to develop landscape-scale scientific data required to formulate habitat conservation practices.
  • Restore and rehabilitate through mangrove planting, marsh terracing, and shoreline protection.
  • Engage with regional experts and industry organizations to select high-priority habitat for restoration projects.
Proximity or presence of species classified as at-risk, endangered, rare, significant, threatened or of cultural value
  • Evaluate and document potential impacts on local operations.
  • Identify/develop habitat improvement practices for select grassland avian species.
  • Complete annual surveys to identify species requiring buffer zones.
  • Conduct environmental studies in collaboration with subsistence hunters.
  • Develop corporate biodiversity offset guideline.
  • Integrate mitigation measures in project design phase.

The action plan is regularly reviewed by the Biodiversity Issues Working Group with the objective of sharing biodiversity risk learnings across the company. Emerging risks and challenges and other business unit priorities and regulatory requirements are also discussed. The group’s members are onshore and offshore biodiversity subject matter experts, advisers, team leads and managers representative of our global exploration and production portfolio.

Biodiversity risks, regulatory requirements and business unit priorities are managed at the business unit level, enabling tailored, region-specific business goals to address the challenges and opportunities unique to their operations.