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Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers Is transparency just another buzz word? Baiba A. Rubesa Head of Corporate.

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Presentation on theme: "Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers Is transparency just another buzz word? Baiba A. Rubesa Head of Corporate."— Presentation transcript:

1 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers Is transparency just another buzz word? Baiba A. Rubesa Head of Corporate Social Responsibility, Statoil ASA American Chamber of Commerce in Latvia 20 April 2011, Riga

2 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 2

3 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 3 A WAVE OF TRANSPARENCY?

4 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 4

5 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 5 Q8Bt. For each of the following possible global problems, please tell me if you see it as a very serious, somewhat serious, not very serious or not at all serious problem. Source: GlobeScan Radar 2011

6 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 6 1t. For you to consider a large company responsible to society, what are the most important things it should do? Anything else? Source: GlobeScan Radar 2011

7 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 7 of experts agree increased transparency can improve a company’s reputation 84% of experts believe increased transparency can improve sustainability performance 81% think sustainability reporting is useful in raising the profile of sustainability internally 68% Source: GlobeScan Radar 2011

8 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 8 Transparency definitions Openness, communication, accountability −e.g. financial disclosure statements, freedom of information legislation, audits, compliance procedures, access to government documents Banking transparency gradually being illuminated −Swiss bank accounts and offshore banking: a thing of the past? Corporate transparency −Disclosure – but to which degree? −Compliance – but to which degree? Transparency is the opposite of privacy; an activity is transparent if all information about it is open and freely available Sources: Mirian Webster Dictionary & Wikipedia

9 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 9

10 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 10 Firm commitment to health, safety and the environment Our values guide and drive our performance Stringent ethical requirements and code of conduct We embrace an open and inclusive leadership style

11 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 11 Key figures

12 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 12 Social Performance evaluations FORTUNE 2011 World’s Most Admired company for social responsibility - across all companies and all industries World’s Most Admired company in Petroleum Refining industry 2011 Report on Oil and Gas Companies #1: Country level disclosure / nternational operations #4: Reporting on Anti-corruption Programmes #5 (group): Organisational Disclosure

13 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 13 Our corporate social responsibility policy Our approach We contribute to sustainable development based on our core activities in the countries where we work We are committed to Making decisions based on the way they affect our interests and the interests of the societies in which we operate Ensuring transparency, anti- corruption, and respect for human rights and labour standards Contributing to local content in our projects by developing skills and opportunities in the societies in which we operate CSR policy

14 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 14 Extractive Industries Transparency Initiative (EITI) Country-by-country reporting on material payments in our Annual and Sustainability Report: http://www.statoil.com/annualreport2010/en/sustainability/pages/sustainable performance.aspx Cooperation agreement and dialogue with Transparency International SHELL CEO P. Voser Global Witness Director S. Taylor

15 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 15

16 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 16

17 Copyright©Statoil 2011.02.23 Corporate presentation: Crossing energy frontiers / 17 Paldies. Statoil ASA Baiba Rubesa Head of Corporate Social Responsibility ww w.statoil.com

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