Managing Environmental Risk
Our sustainability efforts play a pivotal role in how we define and execute our risk management processes. The executive vice president of Operations has leadership accountability for our environmental functions, including emissions, biodiversity, water conservation and sourcing, spill prevention, seismicity and waste management. The Health, Environmental, Safety and Corporate Responsibility (HES&CR) Committee of our board of directors provides oversight and meets at least twice per year and all regular operations updates to our board include relevant HES metrics. In addition, every director brings experience with industry regulations to their board role.
Our business units follow our Environmental Management Standard to identify relevant environmental risks. Our local and regional management practices help to reduce our environmental impacts. These include:
- Designing and constructing facilities to comply with existing, applicable regulations.
- Identifying and installing solutions to reduce air emissions, waste and fresh water use and mitigate spill potential.
- Assessing waste disposal facilities prior to use to minimize potential situations such as induced seismicity or waste mismanagement.
- Tracking and reporting on environmental performance, data and management practices.
Marathon Oil’s Environmental Critical Expectations (ECEs) provide a framework for understanding and managing our operations’ environmental risks and performance. The ECEs codify and communicate our fundamental and nonnegotiable commitment to environmental compliance with local, regional and national environmental laws and regulations. Understanding our ECEs is essential to meeting our environmental performance goals, managing safety and regulatory risks.
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