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Cairn Energy PLC
Corporate Responsibility Report 2009
  • Interests and expectations
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Interests and expectations

The table below shows the main interests and expectations of the principal stakeholders who influence our activities or are affected by them. It also outlines how we have engaged with each group during the year.

Stakeholder Group Key Interests and Expectations Engagement in 2009
Employees
  • Competitive pay
  • Clear and open communication
  • Opportunity for development
  • Clear direction / future certainty
  • Friendly and supportive culture
  • CR approach and performance
  • Safe and fair working environment
  • Consultation on review of Group HR policies
  • Performance reviews for all staff
  • Staff meetings
Communities
  • Access to employment opportunities
  • Community development
  • Protection of environment and livelihoods
  • Public consultations
  • Grievance Redressal Mechanisms
  • Community investment
  • Land acquisition / access negotiations
Contractors / Suppliers
  • Long-term relationships
  • Opportunities for growth
  • Commercial relationships
  • Meetings
  • Training
Investors
  • Effective communication of strategy and performance
  • Good corporate governance and risk / opportunity management
  • Climate change strategy
  • Annual CR report
  • Meetings with investment analysts
  • IFC audit of Cairn India; Cairn India annual monitoring report to IFC
  • Participation in surveys for investment analysts
Governments and regulators
  • Legal compliance
  • Employment generation
  • Revenue generation
  • Investment in accessing energy supplies
  • Skills / knowledge transfer
  • Awards of exploration permits
  • Granting operational permits
  • Compliance monitoring
Non-Governmental Organisations
  • Our approach to CR issues
  • Clear policies and principles
  • Partnerships
  • Working in sensitive environments
  • Partnerships for environmental conservation and community development projects
Partners / Peers
  • Our approach to CR and performance
  • Industry reputation
  • Annual CR report
  • Meetings
Media
  • Our approach to CR and performance
  • Annual CR report
  • Press releases

Awards

In October 2009, Cairn was ranked one of the top 10 FTSE 100 Companies in the Resources Governance Index published by Resources Global Professionals. This is the first index of its kind and provides a comprehensive benchmark of corporate governance standards in the FTSE100.

In addition, Cairn was shortlisted for the Scotland PLC Sustainability Award.

Stakeholder Engagement in Greenland

Stakeholder Engagement in Greenland

Wherever we operate, Cairn recognises that its activities can potentially impact the people, community and lifestyles of those affected by our activities. In response, we engage with all affected or interested parties.

Subject to the approval of the Greenlandic Government, Cairn will carry out an offshore drilling programme in the Disko West area of Greenland during the second half of 2010.

As part of a joint industry and Bureau of Minerals and Petroleum (BMP) initiative to raise awareness along the coast of the Disko West area, public meetings were initially held in 2008 to inform the local population about potential oil and gas activities and their potential impact on them and the environment. The key issues raised by the communities, which included emergency plans in the event of accidents, access to employment opportunities and the potential impacts on their fishing industry, were recorded and used during ongoing consultation with authorities and those directly impacted or involved with survey and seismic activities in 2009. No formal grievances or concerns were recorded throughout our 2009 programme of activities.

Both an Environmental Impact Assessment (EIA) and a Social Impact Assessment (SIA) are required by the Greenlandic authorities for the drilling programme. These assessments help to:

  • identify both positive and negative social impacts at both the local and national level;
  • provide the opportunity for all relevant stakeholders to engage in consultations and public hearings;
  • optimise positive impacts and mitigate negative impacts from the activities throughout the project lifetime; and
  • develop a Benefit and Impact Plan for implementation of the Impact Benefit Agreement for the duration of our activities in the region.

A series of data-gathering consultations have informed the development of the SIA, which will be presented in March 2010, after which more public hearings will be conducted and the Impact Benefit Agreement signed before the project is approved.

In This Report: