Measuring Sustainability Performance January 19 th , 2011 Pathways to Urban Sustainability Workshop Bruce Wilcoxon Director, Climate Change
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Measuring Sustainability Performance
January 19th, 2011
Pathways to Urban Sustainability Workshop
Bruce WilcoxonDirector, Climate Change
1
ConocoPhillips
Exploration & Production
Refining & Marketing
Midstream
Chemicals
2
Key Points – Measuring Sustainability
� Aligned with Sustainability Program
� Not a Trivial Exercise
� Integrated Feedback
3
Programs that Impact Performance
Sustainable Development
Philanthropy
Regulatory Compliance
Company Values
4
Sustainable Development
5
Measuring SD Success – Key Questions
Environmental and Social Performance Increasingly Critical to Success
� Are we producing energy in a cost-competitive manner?
� Are we able to grow our business?
� Are we identifying and managing risks?
� Are we identifying and capitalizing on new opportunities?
� Are we providing a fair return to shareholders?
6
Challenges of Defining Measures that Matter
� Organizational complexity
� Resource the effort
� Buy-in and commitment
� Measuring “Soft” impacts
� Time frame
� Considering trade-offs
� Stakeholder expectations
� Communicating results
Integrated Feedback rather than Simple Metrics
7
Sustainable Development Feedback
HSE MetricsBusiness Performance Planning and Processes SD Goals
SD Ratings Stakeholder EngagementBenchmarking Activism
8
Communicating Performance
INTERNALEXTERNAL
9
Key Points – Measuring Sustainability
� Aligned with Sustainability Program
� Not a Trivial Exercise
� Integrated Feedback
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