Performance Summary
Signifies completed
We worked on this target during 2007 and have now completed all the associated tasks
Signifies ongoing
We made some progress on this target during 2007 but have not completed all the associated
tasks
Signifies not completed
Note: the 2007 target may no longer be relevant due to changed circumstances
These pages include BG Group's CR targets for 2008.
Among them(indicated in bold) are objectiveswhichwe believe require ownership at a Group Executive level.
Each of these are therefore being led by a member of the Group Executive Committee.
More detail can be found within the Conduct section.
| Business Principle: We act with integrity, fairness and transparency |
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|---|---|---|---|
| Our targets in 2007 | Actions taken in 2007 | Our targets in 2008 | |
| • Introduce Group-wide online Business Principles training tool |
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Group-wide online Business Principles training tool completed. During 2008, a programme to roll out the training tool will occur | • Carry out a structured programme of internal audits focusing on Business Principles |
| • Run pilot project to monitor compliance of key contractors with our Business Principles |
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Pilot project initiated but not completed. Work carried out to date detailed within the Conduct section. | • Hold four contractor workshops with 30 or more of our top-tier contractors on compliance with our Business Principles |
| • Work with key contractors to extend this project to the monitoring of sub-contractors |
|
Postponed until key contractor compliance achieved. See Conduct section. | • Raise awareness of Business Principles among key first tier sub-contractors |
| • Launch a revised Whistleblowing Policy |
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Whistleblowing Policy revised, to be launched and rolled out in 2008. See Whistleblowing policy for further details. | • Launch and roll out revised Whistleblowing Policy |
| Business Principle: We comply with legal, regulatory and licence requirements |
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| Our targets in 2007 | Actions taken in 2007 | Our targets in 2008 | |
| • Implement the findings of the 2006 assurance process review |
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Reported in the Independent Assurance statement. | • Roll out further training on key areas of legal compliance |
| Business Principle: We do not tolerate corruption in any form, whether direct or indirect |
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| Our targets in 2007 | Actions taken in 2007 | Our targets in 2008 | |
| • Review Anti-Corruption Standard following first year of operation |
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Standard reviewed and areas for modification highlighted | • Review the suite of Standards which contribute to managing conduct (which includes
the Anti-Corruption Standard) • Roll out further Anti-Corruption training |
| Business Principle: Our investment criteria take account of economic returns, environmental impacts, social consequences and human rights |
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| Our targets in 2007 | Actions taken in 2007 | Our targets in 2008 | |
| • Hold Local Content Workshops with stakeholders in key assets. Continue to implement appropriate Local Content Development strategies |
|
Workshops held in Nigeria and Trinidad and Tobago. Workshops were used to develop appropriate strategies which will be applied in 2008 | • Establish Standards and Guidelines for Local Content Development • Carry out initiatives to develop local contractor capability in two key assets |
| Business Principle: High standards of corporate governance are integral to the way we manage our business |
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| Our targets in 2007 | Actions taken in 2007 | Our targets in 2008 | |
| • Continue to evaluate and report on the performance of the CR Committee |
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Evaluation completed using external specialist. Findings reported in Conduct section. | • Strengthen the risk management process at project level to ensure this is incorporated into the assurance processes more effectively |