CNOOC Our Quality Energy for Your Blue Sea and Sky Sustainability Report 2017 2017 SUSTAINABILITY REPORT CHINA NATIONAL OFFSHORE OIL CORP. CNOOC Office for Policy Research Address: CNOOC Building, No. 25 Chaoyangmenbei Dajie, Dongcheng District, Beijing 100010, P.R. China 106757 E-mail: [email protected] Website: www.cnooc.com.cn REPORT INTRODUCTION Promoting Economic Growth [P11-34] Special Topics Following its launch in 2005, this is the framework, management process for on Better Fulfillment of Corporate Social Ensuring Energy Supply thirteenth consecutive issue of annual sustainable development and our subsidiaries Responsibilities issued by State-owned CNOOC and SDGs P08 sustainability report of China National is available on the Company’s website at Assets Supervision and Administration Emphasizing Sci-Tech Innovation Offshore Oil Corporation. It is an accurate www.cnooc.com.cn as sustainability and Commission of the State Council of People’s Intensifying Safe Operation LNG: Technological Innovation Leading Development P24 reflection of our fulfilment of economic, annual reports over the years. Republic of China with reference to the Internet +: New Experiences of Fast Service P32 environmental and social responsibilities Sustainability Reporting Guidelines of Improving Quality Management Improvements: In order to reflect the undertaken in 2017. Some pertinent the Global Reporting Initiative (GRI), the fulfillment of CNOOC’s responsibilities in Green Refinery: A Beautiful Life Made by information about the report is as follows: Sustainability Reporting Guidelines of Oil a more objective, comprehensive and Intelligent CNOOC P37 and Natural Gas Industry (2nd Edition, 2015) Reporting Entity: China National Offshore intensive manner, the compilation of this jointly issued by the International Petroleum Oil Corporation report is based on site investigation on the CNOOC Welfare Foundation: Complete Devotion Industry Environmental Conservation responsibility fulfillment of CNOOC’s affiliates to Moving Ahead with Warmth P54 China National Association (IPIECA) and the American Alternative Reference: and the selection of real cases. Opinions Offshore Oil Corporation is herein also Petroleum Institute (API), the Guidelines Caring for Children: CNOOC’s Benevolence and suggestions from the stakeholders are referred to as “CNOOC”, “the Company”, on China’s Corporate Social Responsibility also incorporated to give an active response Lightening the Future P56 “we”, “our” or “us”. Reporting (CASS-CSR 3.0) by the Corporate to their concerns. The report is presented Enhancing Environmental Protection Social Responsibility Research Center of The Belt and Road: CNOOC’s Heart with the with the themes of “Our Quality Energy for [P35-46] Reporting Period: January 1 to December the Economics Department of Chinese Your Blue Sea and Sky” and three issues of Energy “Silk Road” P64 31, 2017. In order to ensure the continuity Academy of Sciences and the ISO 26000 Green Operation “Promoting Economic Growth, Enhancing and comparability of the information Social Responsibility Guide (2010) by the Environmental Protection, and Driving Tackling Climate Change disclosed, the applicable period for certain International Standards Organization. Social Progress” to demonstrate CNOOC’s information may be extended forward or Energy Conservation and Emission Reduction backward accordingly. sustainable development. In addition to Language: This report is published in both the independent release of “CSR Report Chinese and English. In case of discrepancies, Water Resource Management Reporting Cycle: The timescale of this Overseas” and “Country Report: CNOOC the Chinese version shall prevail. Biodiversity Conservation Country Report report is a calendar year. in Iraq”, seven special issues about social Accessibility: This report is available in print responsibility are highlighted in the report: Reporting Principles: To meet the needs of the and electronic formats. The digital version “CNOOC and SDGs”, “LNG: Technological CNOOC in Iraq P75 stakeholders and general public by disclosing can be downloaded from the Company’s Innovation Leading Development”, “Internet key information of the Company in a true, website at www.cnooc.com.cn. To obtain +: New Experiences of Fast Service”, “Green objective, timely and comprehensive manner. a print version of the report, please email Refinery: A Beautiful Life Made by Intelligent [email protected]. See also CNOOC Data: All 2017 data disclosed herein is CNOOC”, “CNOOC Welfare Foundation: WeChat Public Account for the H5 version of annual statistics. In case of discrepancies Complete Devotion to Moving Ahead with this report. with the data in the annual report, the latter Warmth”, “Caring for Children: CNOOC’s Driving Social Progress shall prevail. Unless otherwise specified, all Benevolence Lightening the Future” and [P47-62] amounts are expressed in Renminbi (RMB). “The Belt and Road: CNOOC’s Heart with Caring for Employees and Stimulating Vitality the Energy ‘Silk Road’ ”. Reporting Scope: Unless otherwise specified, Devoting to Public Interests and Remaining Summary Chairman’s Letter P02 all information disclosed in the report is from References: This report is prepared on the True to the Original Aspiration official documents, statistical reports and reports basis of the SDGs and “Ten Principles” of President’s Letter P04 of fulfilment of responsibilities by CNOOC and the United Nations Global Compact, the Providing Voluntary Services and Strengthening About Us P06 our subsidiaries. The information has been Guidelines to the Central Government- Blue Force reviewed by our management, supervision owned Enterprises on Fulfillment of Key Performance Indicators P07 department and various subsidiaries. Moreover, Integrating into the Community and Creating a Corporate Social Responsibilities and the Stakeholders P10 information about CNOOC’s management Guidelines to the State-owned Enterprises CNOOC WeChat Public Account Better Life THE LOGO OF CNOOC The corporate logo of China National Offshore Oil Corporation (CNOOC) encompasses the basic design CSR Report Overseas elements comprising the letters that make up the company’s initials CNOOC, enclosed by the blue curves [P63-81] and ripples that represent China’s seawaters. The design in red, formed by the capital letters CNOOC, Outlook on 2018 P82 depicts an offshore drilling rig silhouetted against the rising sun, symbolizing prosperity in the offshore oil Overseas CSR Strategy Annex industry of China. Creating Socioeconomic Value Third-party Assessment P83 Strengthening Safety and Compliance Management Glossary of Terms P85 Protecting a Balanced Ecosystem Index of Reporting Indicators P86 Building Platform for Employee Development Feedback Form P88 Promoting Enterprise-Community Common ABOUT THE COVER Development The platform chief manager of “Kenli 10-1” in Bohai Oilfield is commanding operation at the production site. CHINA NATIONAL OFFSHORE OIL CORP. / 02 03 / CHAIRMAN’S LETTER CHAIRMAN’S LETTER achieved a series of breakthroughs of We adhere to the concept of “Lucid talents, protecting their legal rights and We put the safety and compliance as key technologies in the entire industry Waters and Lush Mountains are interests and caring for their physical a foothold for overseas business. We chain. For example, we officially released Invaluable Assets”. Therefore, we and mental health. always abide by laws and regulations of the first international standard Standards actively respond to the Paris Agreement the host country, deeply integrate into the We actively fulfil social responsibility for Modular Offshore Drilling Rigs on and participate in global environmental globalization and manage to maximize by repaying communities with our Fixed Platforms, constantly improved the governance to tackle climate change. the value for our stakeholders. We strive development outcomes. We effectively management system, such as promoting Meanwhile, we adapt ourselves to the to promote local economic development improve the living quality of local innovation to enhance lean management new requirements of building a “Beautiful and provide better products and services residents by carrying out heart- and innovating business model to China” and strive to fulfil the promise for overseas customers. warming projects. We are committed create a new industrial formation. We of emission reduction. As a result, to promoting rescue capacity, such as We attach great importance to a also effectively expanded our service CNOOC Sustainability Report 2016 won construction of a state-level Subsea balanced ecosystem in our operation network which helped us implement the “2017 Golden Bees Excellent CSR Pipeline Rescue Base and an Oil Spill area and strengthen energy conservation, the market leading strategy focused on Report – Environmental Responsibility Emergency Base, meanwhile we actively emission reduction and carbon reduction “Market Leading, Customer First, Service Information Disclosure Award”. participate in foreign assistance and management. We have taken various Foremost and Value Creation”. We always take energy conservation, marine emergency rescue. means to protect and restore the We regard safe operation and quality emission reduction and environmental ecological environment, so as to achieve We are enthusiastic about public management as the lifeblood for protection as important ways to coordination among all parts of the welfare. On the platform of CNOOC corporate sustainable development.