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Stakeholder Engagement

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Stakeholder Engagement

Stakeholder engagement is the creation of relationships with internal and external stakeholders to seek cooperation and alignment of interests among affected parties. Marathon defines stakeholders as those individuals and groups who have a "stake," or interest, in a given Marathon project or operation. The interest may be economic, political, social, environmental, or of other significance to the stakeholder, and stakeholder actions may have a range of consequences for the project or for Marathon overall.

Marathon is committed to ongoing engagement with stakeholders through open dialogue. This proactive, two-way exchange of ideas and information between Marathon and its stakeholders on specific issues is essential to our long-term business planning, strategy and project execution. Marathon integrates knowledge gained from these engagements, where appropriate, into its business processes and strategies.

In 2007, Marathon introduced a formalized process for stakeholder engagement to support business needs. The process incorporates CSR-specific knowledge, best practices, skill sets and tools to help employees assess, select, define, implement and evaluate engagements.

Examples of Stakeholder Engagement:

Marathon formed a partnership with the Business for Social Responsibility (BSR) to expand our commitment to social responsibility and broaden our network for stakeholder engagement. The Company created guidelines that define stakeholders in domestic and international contexts, identify business drivers of the engagement process, and lay out a process for stakeholder engagement.
The 2007 Stakeholder Engagement Guidelines were applied in the Company's entry into the Piceance Basin in Colorado in 2007. Marathon met with a wide range of stakeholders to understand their issues and concerns and to introduce the Company and its plans in the area.
For entry into Indonesia in 2007, Marathon used a modified engagement process with specific stakeholders. By talking with affected parties early in the planning process, Marathon learned that the communities' needs were different than expected. Consequently, small-scale, collaborative projects were developed to minimize the economic disruptions during seismic operations. The resulting community projects actively involved some 3,000 local residents.

Stakeholder Engagement