Providing detailed information on how we achieve our targets and address our challenges highlights our commitment to responsible communication.

oil & gas

Executive Management Statement for UNGC

As a signatory to the United Nations Global Compact, we confirm our commitment to support the UN Global Compact universally accepted principles in the areas of human rights, labor, environment and anti-corruption.

We acknowledge the importance of corporate responsibility (CR) as it influences operating principles and guides our commitment to conducting business ethically, engage our employees, and protect the environment.

Our CR strategy is about creating value for people, communities, and increasing the impact of our activities. We are committed to building and promoting ethical values and behavior throughout our business and in addition, exert influence and share knowledge with contractors and partners to implement adequate policies and procedures that promote best practice to prevent bribery and promote ethical standards throughout our supply chain.

MPRL E&P, in working towards achieving our mission to be the leading oil and gas company in the country, acknowledges the importance of working responsibly and therefore embed the UNGC principles in our practices.

Read Communication on Progress (February 2019 – February 2020)

MPRL E&P’s 2019 Materiality Assessment

In the fiscal year 2019-2020, MPRL E&P has worked with CSR Asia (an ELEVATE company), an independent sustainability consultancy based in Singapore, to conduct an updated assessment of sustainability topics most material to the key stakeholders and the company now and in future, guided by a three-step process of the Global Reporting Initiatives (GRI). The words CSR, sustainability and ESG were interchangeably used in this analysis.

MPRL E&P’s 2019 Materiality Assessment

 

MPRL E&P last performed a materiality assessment in 2014-2015 in its effort to put a CSR strategy in place for the first time. When exploring the material topics in this 2019 materiality assessment, MPRL E&P has underscored achieving some important objectives as follows:

Materiality Matrix

Following the formal materiality assessment process which included selected interviews, Focus Group Discussions, an online survey with internal and external stakeholders, as well as a material workshop with Senior Management and Department Heads, MPRL E&P has come up with a list of sustainability topics that are considered material to the stakeholder engagement and reporting perspectives.

MPRL E&P recognizes the topics should not be viewed in isolation as they are increasingly interconnected and can render cross functional implications. They are the areas of focus with regard to sustainability in which the company can and will have the most impacts. In addition, they are the areas that potentially expose the company to the most risks, requiring managing their performance as a priority.

Find the 11 final material issues, out of the 26 sustainability topics initially identified through context review and benchmark exercise, in the top right-hand quadrant of the matrix that will inform our sustainability reporting in accordance with the Global Reporting Standards (GRI).

Materiality Matrix