Corporate Social Responsibility

Vanoil's Corporate Social Responsibility (CSR) encompasses the management of relationships with shareholders, employees, contractors and the communities in areas where it works, together with the impact on society and the environment. Vanoil recognises it has specific responsibilities in each of these areas and considers adherence to CSR values to be a key factor in its long-term success.

Vanoil today faces a wide range of both opportunities and challenges in the areas of CSR and Health Safety and Environment (HSE) responsibility and performance. This is particularly so given the nature of the industry and the geographic location of its operations, many of which are located in countries with both complex social, political and economic challenges and/or particular environmental sensitivities.

Vanoil's objective is to minimize its impact on the environment and to support development in local communities. The Company recognizes the importance of engaging with local stakeholders and taking seriously their concerns regarding oil, gas and mineral development. Vanoil believes that by working closely with its host communities it is better enabled to meet the challenges facing it.

Core Values
  • Respect the laws and customs of the countries in which we operate;
  • Support the communities in which we works;
  • Empower individuals to act in accordance with our values and responsibilities;
  • Promote and value long-term relationships with stakeholders;
  • Be consistent in activities and reporting;
  • Take seriously the obligations that companies have to their employees, communities, society and the environment;
  • Encourage and support employees to play their part in creating a better world;
  • Believe that shareholders' long-term interests are best served by the pursuit of businesses with high standards of responsibility.
Our Approach to CSR.

CSR involves listening and responding to the needs of everyone of a company's stakeholders. Vanoil believes that building good relationships with employees, partners, host governments and communities, contractors and wider society is the best guarantee of long-term success. This is the essence of the Company's approach to CSR.

Effective management of CSR allows Vanoil to identify potential risks and respond to areas of performance where we need to improve. More importantly we can identify opportunities where our ability to take on and manage risk can add value for shareholders. Effective CSR can help in attracting and retaining the best staff, make us a partner of choice with other national resource companies and other partners and create value for shareholders.

Vanoil is committed to the communities in which it works; the CSR agenda is to inspire, challenge and empower staff to make a positive contribution to local communities and the environment. Vanoil is committed to integrating CSR into everything it does from being a great place to work, investing in local communities, minimizing environmental impacts and working closely with partners and contractors.

Our Responsibilities.
  • To comply with the law;
  • To identify and assess potential environmental impacts, assess associated risks and establish operational controls that aim to eliminate acute impacts;
  • To establish and apply environmental operational standards and processes including Environmental Impact Assessments and Environmental Management Plans;
  • To set environmental related targets; measure, appraise and report performance against those targets;
  • To respond promptly and effectively to environmental incidents;
  • To reduce waste generation as far as is practical and dispose of waste in a responsible manner without creating legacy issues and liabilities;
  • To require contractors and their sub-contractors to meet the environmental requirements and standards by which Heritage operates;
  • To demonstrate that, within operations, environmental risks and issues are understood and are managed responsibly;
  • To carry out our business so that people are not harmed;
  • To manage related medical and occupational risks and issues systematically;
  • To set health related targets; measure, appraise and report performance against those targets;
  • To identify and assess potential health hazards and impacts with respect to employees, contractors and host communities and put appropriate controls in-place to manage the risks;
  • To establish and apply health standards for application across the Company including fitness for work standards;
  • To monitor the health of employees and require our contractors to do likewise in order to detect and correct unwanted health trends;
  • To analyse accident and sickness incidents to identify acute and chronic health hazard control failures and implement the necessary corrective action;
  • To provide and maintain all workplaces, accommodation and catering services in accordance with legal requirements and best practice;
  • To respond promptly and effectively to all accidents and medical emergencies;
  • To prohibit smoking in all operational and restricted areas and other Company assets as considered necessary;
  • To prohibit the consumption of alcohol and illegal non-prescribed drugs by personnel working at nominated operational facilities during hours of employment;
  • To seek to ensure that Company and contractor personnel are aware of the infectious disease risk at locations where they work and that those affected will be offered support in disease prevention and counselling if required;
  • To demonstrate that within operations, health risks and issues are known and being responsibly managed;
  • To set safety related targets; measure, appraise and report performance against those targets;
  • To identify safety hazards and unwanted events with the potential to injure or kill people, damage assets, interrupt operations and ultimately threaten Heritage's reputation over the life cycle of each operation;
  • To assess safety risks and establish controls to manage these such that residual risks always meet tolerability criteria;
  • To establish and apply safety standards for application across the Company;
  • To monitor safety performance and correct unwanted trends;
  • To analyse accidents and incidents to identify root causes and prevent recurrence;
  • To develop procedures to support safe working;
  • To respond effectively to accidents and emergencies;
  • To specify within contracts, the safety requirements and standards that shall be met by contractors and their sub-contractors;
  • To demonstrate that within operations, safety risks are known and being responsibly managed;
  • To carry out periodic audits and assessments of safety risks as part of the continuous improvement process;
  • To behave ethically and work to continue to improve the quality of life of the workforce and host communities;
  • To respect host communities, their traditional rights and beliefs, and value their cultural heritage;
  • To establish a plan to manage social risks and issues over the lifetime of the operation;
  • To build and maintain relationships with host communities, key individuals and organisations in order to engage in consultation, communication and ensure mutual expectations are realistic and achievable;
  • To investigate and manage grievances that may be raised by host communities;
  • To carry out periodic reviews and assessments of the above issues and risks as part of the continuous improvement process.
 
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