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Building a Corporate Responsibility Culture

Building a Corporate Responsibility Culture. Dennis Hayes. Introduction to Corporate Responsibility. Corporate Responsibility Corporate Social Responsibility Corporate Citizenship What does it mean to be corporately responsible?

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Building a Corporate Responsibility Culture

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  1. Building a Corporate Responsibility Culture Dennis Hayes

  2. Introduction to Corporate Responsibility Corporate Responsibility Corporate Social Responsibility Corporate Citizenship What does it mean to be corporately responsible? This can be summarized as managing the 5 aspects of company capital. • 1. Natural Capital – The Environment • 2. Human Capital – Your People • 3. Social Capital – Ethics and Community Relations • 4. Structural Capital – Your Assets • 5. Financial Capital – Profitability

  3. Transocean’s Corporate Responsibility Program Transocean’s definition of Corporate Responsibility • The company considers the interests of society by taking responsibility for the impact of our activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment.

  4. Transocean’s Corporate Responsibility Program Foundation of Transocean’s Corporate Responsibility Standard • Core Values and FIRST • Responsible Person

  5. Transocean Triple Bottom Line

  6. Transocean’s Corporate Responsibility Program Strengths of the Corporate Responsibility Program • Employee Support • Management Support • Formalized standard – To get everyone on the same page you must first have a page.

  7. Implementation of Corporate Responsibility Implementation of Transocean’s Corporate Responsibility Program • First Projects • Interest – Dedicated Individuals then Management Support.

  8. Udaan India Foundation - India

  9. Compassion Centre for Physically Disabled Children - Nigeria

  10. Beach Clean Up Event - USA

  11. Recycle the Gulf

  12. Gulf of Mexico Foundation Habitat Restoration Center

  13. Limbe Wildlife Centre

  14. Implementation of Corporate Responsibility Implementation Across a Diverse Company • 9 geographical divisions, 18,000 people and over 80 nationalities • What’s important? • Location, Location, Location

  15. Implementation of Corporate Responsibility Choice of Implementation of a Corporate Responsibility Program • Grass Roots • Formal Structure

  16. Summary How do you build a corporately responsible drilling company? • Foundation of values • Interested and empowered individuals • Support of Management

  17. Questions?

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