Global Compact
Talisman is a signatory to the United Nations-led Global Compact, a network of companies, governments, non-governmental and labour organizations who have agreed to work with the UN to support 10 principles in the areas of human rights, labour, the environment and anti-corruption. We are committed to making the Global Compact part of our strategy, culture and day-to-day operations. As such, we annually report to our stakeholders on actions we have taken or lessons learned related to the 10 principles.
Communications on Progress
Talisman agrees with the Global Compact that "simple declarations of commitment satisfy neither the performance-oriented business community nor the stakeholders anxious to see actual progress". To address this, we have provided an index of our performance relative to the 10 Global Compact principles, with reference to more information and data throughout our Report as our "Communications on Progress". The index cross-references relevant GRI indicators.
| Global Compact 10 Principles | GRI Indicators | Pages | |
|---|---|---|---|
| 1 | Businesses should support and respect the protection of internationally proclaimed human rights within their sphere of influence. | HR1, HR2, HR3, HR4 | 10-11 |
| 2 | Businesses should make sure that they are not complicit in human rights abuses. | HR2, HR3 | 10-11 |
| 3 | Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining. | HR5, LA3, LA4 | 21-22, 39 |
| 4 | Businesses should uphold the elimination of all forms of forced and compulsory labour. | HR7 | 21 |
| 5 | Businesses should uphold the effective abolition of child labour. | HR6 | 21 |
| 6 | Businesses should eliminate discrimination in respect of employment and occupation. | HR4, LA10, LA11 | 21 |
| 7 | Businesses should support a precautionary approach to environmental challenges. | 3.13 | 24-32 |
| 8 | Businesses should undertake initiatives to promote greater environmental responsibility. | EN1-EN16, 1.1 | 24-32 |
| 9 | Businesses should encourage the development and diffusion of environmentally friendly technologies. | EN17 | 24-32 |
| 10 | Businesses should work against all forms of corruption, including extortion and bribery. | SO2 | 19-20, 36 |
2005 marked the first cycle of a large-scale communication on progress by companies engaged in the Global Compact. More than 50% of companies that have been required to do so have already communicated progress and this percentage is constantly rising. [Talisman] has produced an outstanding Communication on Progress and, along with a few other companies, has contributed to creating a standard of excellence in this fundamental accountability exercise. Georg Kell, Executive Head of Global Compact