Risk Register & Action Plan
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||
|Habitats and Ecosystems|
|Decommissioning in protected areas||
|Cumulative impacts to habitats or ecosystems||
|Habitat Conservation and Restoration||
|Proximity or presence of species classified as at-risk, endangered, rare, significant, threatened or of cultural value||
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.