About Our Reporting
We take a digital approach to our sustainability reporting. To provide stakeholders with timely information we provide performance examples and updates as they occur rather than annually. These highlights and our performance metrics are integrated into the foundational information on our website and consolidated into our sustainability hub, which can be accessed from the top navigation. Performance metrics are updated yearly.
We recognize that an annual report is still important for many stakeholders and will continue to consolidate annual performance information and metrics into a report that can be found in our Company Reports and Resources section. Stakeholders can also create customized reports, based on topics of interest, by using our report builder.
Prioritizing Reporting Topics
Our sustainability reporting focuses on the ESG issues that matter to our business and our stakeholders. To select content for our 2019 sustainability reporting, we used a process involving:
Identification: Through our risk assessment process as well as meetings and discussions with key stakeholders, we identified and gained an understanding of important topics. We also received feedback on our 2018 report and considered international reporting guidelines and rating agency survey questions.
Prioritization: Subject matter experts from key functions in our organization then provided further insight and prioritized topics based on level of interest or concern to key stakeholders and strategic importance to the company. We validated these priorities in our ongoing engagements with external stakeholders.
Final prioritization: Topics with the highest priority are included in our annual reporting. Our annual report and financial reporting also include environmental and social risks when they reach a “material” level as defined by regulatory requirements. Information about issues deemed material to our investors may be found in our Security and Exchange Commission (SEC) filings. In-depth analysis of our financial performance can be found in our Annual Report.
Priority Reporting Topics
Reporting Frameworks and Scope
We report our sustainability performance using internationally recognized reporting standards and frameworks. This includes reporting guidelines, indicators and terminology developed by the Task Force on Climate-Related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB), IPIECA, the Global Reporting Initiative (GRI) G4 guidelines, and the Oil and Gas Sector Supplement. We provide regular information to the CDP climate, Dow Jones Sustainability Index (DJSI) and other top-tier organizations that assess the ESG performance of companies. We engage with Disclosing the Facts, MSCI, Sustainalytics, and ISS E&S QualityScore, all of whom rate us based on publicly available information. We have mapped relevant TCFD, SASB, IPIECA, GRI and UN Global Compact Principles disclosures for stakeholder convenience, and we continue to assess alignment with other emerging frameworks.
The 2019 Sustainability Report covers data from January 1 to December 31, 2019. Notes to our metrics outline the scope and methodologies of our data reporting. The minimum boundary for reporting on social and environmental priorities is assets we operate.
Read about our Data Quality and Assurance.
The United Nations General Assembly has adopted 17 Sustainable Development Goals (SDGs) that set the global agenda for equitable, socially inclusive and environmentally sustainable economic development. Our core business of delivering energy to the world contributes directly to:
- Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all.
- Goal 8: Promote inclusive and sustainable economic growth, employment and decent work for all.
- Goal 13: Take urgent action to combat climate change and its impacts.
Many of our business and community investment activities support other goals such as those on clean water, industry, infrastructure and innovation, and life below water and on land. We are working with IPIECA, the global oil and gas industry association for environmental and social issues, on the role the oil and gas industry can most effectively play to support the achievement of the globally endorsed framework of the SDGs. We continue to monitor the goals as they move to international and national implementation.