Stakeholders
Those persons and institutions with a direct interest in the manner in which Occidental conducts its business, including, as appropriate, OPC's stockholders, employees, contractors and suppliers, as well as representatives of civil society and the communities in which Occidental conducts its business.
Stakeholder engagement at Occidental is a continuous improvement process with eight elements:
- 1. Define project scope
- 2. Identify potential stakeholders
- 3. Solicit input from stakeholders and the general public
- 4. Set strategic commitments based on dialogue with stakeholders
- 5. Create action plans based on strategic commitments
- 6. Implement action plans
- 7. Measure results
- 8. Evaluate, learn and adjust actions as necessary
The specific stakeholder engagement process for new development projects is summarized below and illustrated by examples.
*This list of key activities and the descriptions of such activities are intended to be illustrative of the types of activities that generally should be considered in assessing projects. Not all of the activities may be required for every project and certain projects may require consideration of additional activities.
Oxy's Commitment to Active Engagement
|
Civil Society Organizations and
Educational Institutions |
Partnerships; memberships; regular dialogue and consultation; social investment initiatives; internship opportunities; and scholarships and research funding. |
|
|
Contractors and Suppliers |
Initiatives to support development of local supply content; training courses; HES scorecards; safety leadership program; performance management program; contractor/supplier qualification processes; anonymous compliance line available 24 hours per day; and regular business-to-business communications.
|
|
|
Employees |
Employee development programs; Wellness Program; Talent Management System; educational assistance; training courses; employee committees and networks; feedback meetings; intranet
resources; anonymous compliance line available 24 hours per day; and employee volunteerism. |
|
|
Governments |
Interaction with host governments and regulatory agencies, including facility tours and inspections; data collection and consultation; legislative and regulatory development; voluntary initiatives; regular reporting on company performance; and participation in conferences and workshops.
|
|
|
Industry Partners |
Partnerships; memberships; trade associations; reporting on company performance; and participation in industry initiatives, outreach and knowledge sharing forums.
|
|
|
Neighbors and Local Communities |
Town hall meetings; community advisory panels; facility tours; educational workshops; participation in community activities and events; social investment initiatives; charitable giving programs; local emergency response planning; annual reports on company performance; and a public website. |
|
|
Shareholders and Investment Community |
Regular stockholder dialogue, meetings and consultation; reporting on company performance; meetings with investor organizations; and a public website.
|
- Working closely with the Interfaith Center on Corporate Responsibility for many years (Read the 2004 press release, Occidental Adopts Human Rights Policy)
- 2011 Proxy - Letter to Stockholders from the Lead Independent Director and Chairman of the Executive Compensation and Human Resources Committee (page 4 of PDF)
-
|
|
|
|
* Stakeholders are listed in alphabetical order