For many of our projects, we have a regulatory or contractual accountability to manage the impact (positive or negative) we might have in the communities we operate in.
Where this is the case, we work with our clients to understand and manage these impacts. By working with our clients, we are better able to reduce risk and create value for our clients and the communities we operate in.
We describe our approach to this as social performance.
Our Social Performance Framework governs how we manage social performance.
Our Social Performance Standard and associated guidelines set the expectations and requirements that enable us to meet the commitments set out in the Petrofac Ethical, Social and Regulatory Risk Policy.
The Framework is significant in four main ways:
We implement our Social Performance Standard in countries where we are contractually responsible for managing community relations, such as Mexico and Tunisia. In both of these countries, we have completed social assessments and have mitigation measures in place to address identified issues.
We also have dedicated community relations teams to manage our social performance commitments and engage regularly with our neighbouring communities.
During 2016 we raised the profile of social performance issues across the Group and incorporated them into our wider business processes. For example, social performance considerations are routinely factored into the risk assessment phase of our bidding processes. Our security teams also seek to understand and address any situations where community relations could constitute a security risk.
We're committed to effective community development in neighbouring communities
We have longstanding partnerships with schools and STEM initiatives
We make significant contributions to the communities and societies that host us. We strive to manage our social impact transparently and fairly to allow those most directly affected to benefit from our presence.
Hugh Attwater, Head of Social Performance