How We Report
In preparing this Corporate Responsibility Report, we not only focus on what we report, but how it's reported. The data found in the Summary below, as well as in the Performance Data Tables the back of the Report, demonstrate the impacts of our activities this year. The real story, however, lies in the management of our outcomes and improvement of our performance.
ABOUT THIS REPORT
This Report focuses on Talisman's corporate responsibility priorities set out in the Company's Policy on Business Conduct and Ethics (Policy or the PBCE), including: ethical business conduct; personal conduct; employee practices; health, safety and the environment; human rights; community relations; and compliance. The Report is a measurement and performance management tool that is not intended to be an exhaustive review of all activity that Talisman has undertaken or supported. Rather, Talisman aims to illustrate through the Report the breadth and scope of action that has been, and is being, taken.
Wherever possible, country-specific data has been used, while regional and aggregate data have also been included. Unless otherwise indicated, figures are reported in metric units and all financial information is reported in Canadian dollars. Unless the context indicates otherwise, a reference in this Report to "Talisman", the "Company" or "we" includes direct or indirect subsidiaries of Talisman Energy Inc. and partnership interests held by Talisman Energy Inc. and its subsidiaries. Although some narrative reference has been made, Talisman's acquisition of Paladin Resources plc in November 2005 is not reflected in the performance data summaries included in this Report except where noted. An independent third party, Pricewaterhouse Coopers LLP (PwC), has reviewed the data noted in bold contained in the Performance Data Summary.
REPORTING PERIOD
This Report deals with the Company and its wholly owned subsidiaries operating around the world from January 1, 2005 to December 31, 2005. Talisman's last Report was published in April 2005 and the next edition is scheduled for publication in April 2007.
OUR STAKEHOLDERS
While the term "stakeholders" holds multiple meanings, the Company defines its stakeholders as its employees, shareholders, suppliers, service providers, and those communities, indigenous groups, investors, debtholders, governments, regulators and Non-Governmental Organizations (NGOs) affected by, or that can affect, Talisman's operations.
THE GLOBAL REPORTING INITIATIVE
This Report was prepared in accordance with the Global Reporting Initiative (GRI)'s 2002 Sustainability Reporting Guidelines. While this Report endeavours to address many of the GRI's key performance indicators, it is a summary of progress against priorities we set ourselves. Visit www.globalreporting.org for more about the GRI. Refer here for a more complete list of Talisman's Key Performance Indicators.
Performance Data Summary
Social |
|
|---|---|
| Key Performance Indicator | 05 |
Workforce Practices |
|
| Number of full-time equivalent permanent employees | 2,138 |
| Number of full-time equivalent positions added | 181 |
| Voluntary Turnover Rate | 4 |
| New Graduates Hired | 27 |
| Number of cooperative education and summer students hired | 136 |
| Temporary or contract employees | 1680 |
| Number of employees in flexible work arrangements | 100 |
| Number of employees represented by independent trade union organizations | 83 |
Diversity |
|
| Composition of executive management | 7 men, 1 woman |
| Number of employees participating in aboriginal cross-cultural awareness courses | 58 |
| Number of Aboriginal work experience terms | 2 |
Training And Development |
|
| Dollars spent on technical and personal development training | $3,900,000 |
| Number of employees registered in personal development programs | 595 |
| Number of employees receiving support through educational assistance program | 67 |
| Number of employees using fitness subsidy | 625 |
Ethical Business Conduct |
|
| Number of certificates of compliance received pursuant to Policy on Business Conduct and Ethics | 3,179 |
| Potential Exceptions to PBCE | 16 |
| Number of employees and contractors who completed Ethics Awareness Training | 2,484 |
Community Relations |
|
| Number of public open house consultations in North America | 29 |
Health, Safety & Environment |
|
|---|---|
| Key Performance Indicator | 05 |
energy |
|
| Direct energy use | 21,141,000 gigajoules |
| Production energy intensity | 0.210 gigajoules/boe |
Emissions |
|
| CO2E equilvalent emissions | 2,479,000 tonnes |
| Production Carbon Intensity | 0.025 tonnes CO2E emissions/boe |
Water |
|
| Licensed fresh water diversion | 1,119,000 cubic meters |
Waste Management And Site Restoration |
|
| Waste recycled - UK | 36 % |
| Waste intensity - UK | 78.8 tonnes/mmboe |
| Oil content of produced water discharged to sea - UK | 25.0 mg/L |
| Reclamation and Remediation Expenditures - Canada | $19,000,000 |
| Well abandonment - Canada | 92 |
| Soil treated and recycled at Diamond Valley Soil Treatment Facility | 11,560 tonnes |
Land Use |
|
| Total amount of land owned, leased or managed(thousand acres) | 21,144 |
Major Incidents |
|
| Major incidents of non-compliance | 0 |
Spills |
|
| Spill Frequency - Canada | 3.35 spills/mmboe |
| Average spill size - Canada | 3.5 cubic metres |
Occupational Health & Safety |
|
| Lost time injury frequency - Global | 0.69 |
| Fatalities, life-threatening occupational injuries - Global | 0 |
Economic |
|
|---|---|
| Key Performance Indicator | 05 |
| Gross sales | 9,554 |
| Net income | 1,561 |
| Earnings from operations | 2,058 |
| Shares outstanding (millions) at December 31, 2005 |
366 |
| Annual dividend on common shares | 125 |
| Total assets | 18,339 |
| Long-term debt | |
| Oil production (mboe/d) | 250 |
| Gas production (mmcf/d) | 1,319 |
| Total net production (mboe/d) | 470 |
| Exploration and development spending | 3,179 |
| Year-end proved reserves (mmboe) | 1,639 |
| Employee remuneration | 408 |
| Total taxes and royalties paid to host governments |
2,615 |
| Amount of money paid to political parties in Canada |
$34,600 |
| Total global community contributions | 5.5 |
| All financial data should be read in conjunction with the audited financial statements of the Company contained in the 2005 Annual Report Financial Review. |
|
| 1 Unaudited, year-ended December 31, 2005, millions of Canadian dollars unless otherwise stated. |