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Stakeholder Engagement

We believe proactive, ongoing dialogue and effective relationships with individuals and groups that may have a stake in Marathon projects or operations must be a core business activity.

Stakeholder engagement helps Marathon manage potential risks that can affect our profitability and sustainability. These risks include project delays, reputation, operational disruption and direct financial burden. Our goal is to engage key stakeholders regularly to foster cooperation and alignment on critical business risks, issues and concerns.

Engaging More Consistently, More Often 

Marathon's primary challenge is to engage consistently with a wide range of stakeholders. Engagements often involve individuals at the local asset level. For this reason, in the past we did not always widely share lessons learned that could help identify issues and trends with broader implications. In addition, with rising public expectations for business transparency, we face increased risks if we are not communicating with stakeholders.

We are strengthening internal stakeholder engagement capabilities. We continue to roll out engagement guidelines and supporting software tools. These resources will improve decision-making, alignment on community projects, knowledge management and data capture across the enterprise.

In response to requests from socially responsible investors, institutional investors, NGOs and community groups near our assets, we are increasing the number of engagements to better understand their needs.