Petrofac Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Climate related strategy and the supporting communications plan is agreed by the Board and the Group Executive Committee (GEC). Executives who carry out climate related activities relating to public policy operate in line with agreed company strategy, policies and procedures, as endorsed by the Board and GEC.
An internal communications plan has been developed and staff engagement sessions kicked off to raise awareness of climate strategy and key policy issues. Detailed
sessions have also been undertaken with key departments such as Communications, Marketing, Investor Relations, BD, Design Engineering, Procurementetc. to ensure consistency of messages.
Communication objectives:
•Demonstrate that we are invested in our sustainability agenda and net zero commitment
•Place data / information into context – to illustrate how we're managing material climate-related risks
•Showcase in an engaging and captivating way that aligns goals, performance reporting and purpose
Planned activities:
• Videos: a series of videos on discrete topics – highlighting targets/initiatives, showcasing successes, providing proof-points
• Sustainability report (in annual report): restructure to align with sustainability strategy, highlighting key insights from programmes, concise / focused
•Thought pieces: on a series of topics by subject matter experts, published on Petrofac.com and syndicated across social media channels
•Petrofac.com: . Sustainability Performance Indicators published on investor relations microsite to provide progress on climate-related performance
Controls:
1..Global channels – create global channels to provide a single global view of Petrofac's energy transition and sustainability strategies and net zero programme
2..Infrastructure – the right tools, channels and governance to underpin our communications and ensure consistency of messages and integrity of information presented.
3.Speaker bureau – co-ordinated approach to senior spokespeople to support them on the event and conference circuit, whether we are sponsoring or not
4.Proactive trade media strategy that is aligned to policy content for digital and other channels
5.Reputational management –communications must not be channel-led. Online and offline are aligned and that we provide human, open, timely and truthful communications
at all stages. Strengthened reputational monitoring capabilities are key.
9.Measurement – we review communications to measure the impact – and the value add, of our activities

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, but we plan to have one in the next two years

CDP Questionnaire Response 2023