ABOUT THIS REPORT
PERFORMANCE HIGHLIGHTS BY PILLAR
2019 and 2020 Crescent Petroleum’s industry knowledge, strong relationships and cultural understanding of the Middle East and North Africa (MENA) region are unrivalled. These factors, combined with our reputation for agility and excellence, make us the partner of choice for regional resource-holders and international oil companies seeking to expand into the MENA.
ASSESSING THE
MATERIALITY OF
SUSTAINABILITY MEASURES
We conducted a detailed materiality assessment exercise to define the measures that matter most to our sustainability efforts.
We consulted our major corporate units and reviewed the topics that impacted their individual functions. We then categorised these material topics according to their environmental, social, and governance (ESG) measures, and assessed their respective relevance or impact on the business, whether high, medium, or low. The resulting material topics were further validated with our senior management as well as with select external stakeholders to arrive at the final material topics.
Following internal reviews and engagement, the materiality matrix for the years 2019 and 2020 is presented below. While most topics highlighted in 2018 remain unchanged in level of materiality, the Training and Capacity building of employees has emerged as a high priority material topic for 2019 and 2020 compared to 2018, when it was deemed medium priority.
Our core mission drives us to help improve the quality of life in the areas where we operate, through both our operations and our Social Performance activities. We also invest in high-level global events that aim to promote cleaner energy and social sustainability in our region.
Crescent Petroleum has grown and thrived through its people, who have always gone above and beyond the call of duty. We regard our employees as our greatest asset, from those leading teams to those ensuring the oil and gas facilities continues to work reliably, and those engaging with the community. Their loyalty to the company was on show throughout the COVID-19 pandemic, when employees worked extended shifts for long periods and worked collaboratively to ensure uninterrupted operations. We invest in them to help them lead and grow as employees and as people.
Crescent Petroleum ensures that hazards inherent in its activities, ranging from production operations to drilling to major capital project construction to regular production operations, as well as infrastructure including IT, are subject to systematic identification, assessment, and control. This approach is fundamental to our safe operations. Information on the hazards, risks, and controls of operation is communicated to the workforce through inductions, training, written procedures, toolbox talks, awareness programmes, and regular safety meetings. This approach is applied to all activities under our control, including activities by third-party contractors.
We work to minimise our environmental impact by promoting process efficiency in all of our operations. We also support organisations and events that promote cleaner energy and sustainability in the wider region.
In January 2020 we outlined a range of efforts to help reinforce our sustainability, including long-term reduction of operational flaring, implementing plans to eliminate single-use plastics from our locations, and reducing our use of water, electricity, and fuel.
Our core mission drives us to help improve the quality of life in the areas where we operate, through both our operations and our Social Performance activities. We also invest in high-level global events that aim to promote cleaner energy and social sustainability in our region.
Crescent Petroleum has grown and thrived through its people, who have always gone above and beyond the call of duty. We regard our employees as our greatest asset, from those leading teams to those ensuring the oil and gas facilities continues to work reliably, and those engaging with the community. Their loyalty to the company was on show throughout the COVID-19 pandemic, when employees worked extended shifts for long periods and worked collaboratively to ensure uninterrupted operations. We invest in them to help them lead and grow as employees and as people.
Crescent Petroleum ensures that hazards inherent in its activities, ranging from production operations to drilling to major capital project construction to regular production operations, as well as infrastructure including IT, are subject to systematic identification, assessment, and control. This approach is fundamental to our safe operations. Information on the hazards, risks, and controls of operation is communicated to the workforce through inductions, training, written procedures, toolbox talks, awareness programmes, and regular safety meetings. This approach is applied to all activities under our control, including activities by third-party contractors.
We work to minimise our environmental impact by promoting process efficiency in all of our operations. We also support organisations and events that promote cleaner energy and sustainability in the wider region.
In January 2020 we outlined a range of efforts to help reinforce our sustainability, including long-term reduction of operational flaring, implementing plans to eliminate single-use plastics from our locations, and reducing our use of water, electricity, and fuel.
Assurance Statement
Crescent Petroleum retained Ernst & Young to perform a limited assurance on the environment and social performance indicators in this report. EY focused on three disclosures: Disclosure 303-1: Water Management Disclosure 401-1: Localization and job creation Disclosure 403-9: Occupational safety.
