Integrating Performance Metrics into Social Responsibility Practices

Overton, Cindy (Convergence Advisors Int'l)

OnePetro 

Abstract This paper will undertake an overall evaluation of the role performance metrics plays in E&P companies’ Social Responsibility (SR) programs and show how to build value into SR efforts. Regardless of whether companies are in an early design phase or involved in advanced phases of implementation of the SR metrics programs, they will be able to use this information as a basis for evaluating the value of the metrics they use/intend to use. They will understand what drives their sustainability metrics efforts - external demands to report or internal sustainability goals. When metrics are separated from the reporting function, they will function as a powerful tool to foster improvement across the entire business. The paper creates a current profile of how companies across the E&P sector manage and use SR metrics and details challenges their organizations have faced as programs have been implemented.

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