Sustainability Oversight

Marathon Oil’s values – to collaborate, take ownership, be bold and deliver results – underpin our efforts to build a sustainable business. Marathon Oil employees are expected to incorporate environmental, social and governance (ESG) processes and activities such as stakeholder engagement when conducting our business.

To address our stakeholders’ critical needs, we look beyond our office walls and operational facilities, and consider the 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. At the board level, the Health, Environmental, Safety and Corporate Responsibility (HES&CR) Committee assists the full board and informs the Enterprise Risk Management (ERM) process by identifying, evaluating and monitoring trends, issues, practices and concerns related to:

• climate change
• HES public policy
• legislation
• regulations
• political, charitable and educational contributions
• other matters

To address ESG-related risks, our cross-functional Sustainability Forum meets periodically to discuss our sustainability risks and review available mitigations. Forum members include senior leaders from operations, HES&S, investor relations, business planning, law, communications, government affairs and sustainability. In 2019, we formed an Emissions Management Committee (EMC) to evaluate and prioritize available emissions reductions strategies and technologies at an enterprise level.