To create long-term value, we believe a company must produce strong operational and financial performance, foster a strong safety culture and follow through on its commitments to responsible environmental, social and governance (ESG) performance.
To address our stakeholders’ critical needs, we look beyond our office walls and operational facilities and consider the broader effects of our business decisions, actions and operations. Collaboration with our employees, managers and board is informed by engagements with our investor, community, nonprofit, government and industry stakeholders.
Our board of directors provides oversight of our operations, risk management efforts and strategic plans. The board’s Health, Environmental, Safety and Corporate Responsibility (HES&CR) Committee assists the full board by identifying, evaluating and monitoring trends, issues, practices and concerns related to: climate change; HES&S public policy; legislation; regulations; political, charitable and educational contributions; and other matters.
Our vice president of Health, Environment, Safety, Security (HES&S) and Corporate Sustainability has leadership accountability for driving our corporate sustainability programs. This role provides the opportunity to align all areas of our corporate ESG strategy and embed sustainability practices into the way we run our business. He also leads our cross-functional Sustainability Forum, which provides a mechanism for ongoing dialogue on issues related to our ESG strategy, including:
- Sustainability risks and available mitigations.
- Performance updates against reported metrics.
- Updates on reporting and performance trends.
Forum members include senior leaders from operations, HES&S, investor relations, business planning, treasury, human resources, law, communications, government relations and supply chain.
We also have an Emissions Management Committee (EMC), which is an operations-focused team of Marathon Oil employees tasked with identifying, evaluating and driving implementation of high-impact emissions reduction strategies and technologies to reduce the company’s greenhouse gas (GHG) intensity at an enterprise level. For more information see the EMC Highlight.
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