2005 Key Impacts And Outcomes
Does anyone actually read these reports? Should corporate responsibility reporting be regulated? How does corporate responsibility support the Company's strategic direction? Do investment analysts find value in social reporting? What information is material to the business and stakeholders? Who are our stakeholders?
Whether it is a company's first, or, in our case sixth, Corporate Responsibility Report, these are just a few of the many questions companies must tackle prior to issuing a corporate responsibility report.
In the years since the release of our first report in April 2000, we've witnessed a global proliferation of corporate responsibility reporting. What was once a marginal activity performed by a few dedicated, yet isolated groups of more socially conscious companies around the world, is now a growing industry that remains largely misunderstood. With expert opinions and new standards emerging almost daily, it's easy to become confused. We don't think it has to be that complicated. We believe that we've prepared a balanced report in the past and will continue to do so in the future.
While historically our Reports have focused more on measuring process, discussing policies and describing management systems, we changed our approach to the annual reporting process this year in order to better discuss our impacts and performance. We think we've come a long way. We hope you like the change.
- Social Impacts and Outcomes
- Experienced no significant human rights or security issues related to our global activities.
- Held extensive public consultation meetings with key stakeholder groups in Alaska in advance of drilling operations.
- Continued to address concerns regarding local employment during drilling program in Trinidad.
- Addressed a number of regulatory, legislative, policy and community and leaseholder relations issues in New York state.
- Provided $5.5 million in community contributions globally.
- Completed a company-wide Ethics Awareness Training Program.
- Health, Safety and Environmental (HSE) Impacts and Outcomes
- Recorded no fatalities, life-threatening occupational injuries or major environmental incidents at Talisman-operated sites.
- Continued to address slope reconstruction and stabilization problems arising during initial access road construction in the Acevedo Block in Colombia.
- Progressed produced water reinjection projects that will significantly reduce the amount of oil discharged from offshore operations in the North Sea.
- Completed energy efficiency audits at a number of operating sites in Western Canada.
- Economic Impacts and Outcomes
- Established an accounting and auditing complaints procedure and hotline to provide employees with a means to report questionable accounting and auditing practices.
- Became the first Canadian company to officially support the Extractive Industries Transparency Initiative (EITI).
Having operated overseas for so many years and having dealt with the slings and arrows of outrageous fortune, Talisman management has become adept at managing geological and political risk, and has done well for its shareholders. Deborah Yedlin, Columnist, Globe and Mail, September 20, 2005
BOARD OF DIRECTORS
Douglas D. Baldwin 2,3,4,6
Alberta, Canada
Chairman, Talisman Energy Inc.
James W. Buckee 2,5
Alberta, Canada
President and Chief Executive Officer,
Talisman Energy Inc.
William R.P. Dalton
Arizona, United States
Corporate Director
Kevin S. Dunne 3,5,6
British Virgin Islands
Corporate Director
Al L. Flood, C.M.1,4
Ontario, Canada
Corporate Director
Dale G. Parker 1,5
British Columbia, Canada
Public Administration and
Financial Institution Advisor
Lawrence G. Tapp 3,4
British Columbia, Canada
Chairman, ATS Automation
Tooling Systems Inc.
Stella M. Thompson 2,4,5
Alberta, Canada
Principal, Governance West Inc.
President, Stellar Energy Ltd.
Robert G. Welty 1,3
Alberta, Canada
Chairman and Director,
Sterling Resources Ltd.
Charles R. Williamson
California, United States
Corporate Director
Charles W. Wilson 1,2,6
Colorado, United States
Corporate Director
EXECUTIVE
James W. Buckee
President and Chief Executive Officer
Ronald J. Eckhardt
Executive Vice-President,
North American Operations
T. Nigel D. Hares
Executive Vice-President,
Frontier and International Operations
Joseph E. Horler
Executive Vice-President, Marketing
Michael D. McDonald
Executive Vice-President,
Finance and Chief Financial Officer
Robert M. Redgate
Executive Vice-President,
Corporate Services
M. Jacqueline Sheppard
Executive Vice-President, Corporate
and Legal, and Corporate Secretary
John 't Hart
Executive Vice-President, Exploration
- Member of Audit Committee
- Member of Executive Committee
- Member of Governance and Nominating Committee
- Member of Management Succession and Compensation Committee
- Member of Pension Funds Committee
- Member of Reserves Committee