2009 Sustainable Development Report

Each year Woodside produces a Sustainable Development report, which summarises our aspirations, activities and performance in the areas of economic performance, environmental excellence and social contribution.

We aim to provide a balanced report, highlighting our successes, as well as areas where we have not achieved the standards that we set ourselves.

To assist us with report completeness and future stakeholder communications, we undertook a materiality assessment to determine those issues that were most relevant in the 2009 reporting period to the concerns and interests of our stakeholders.

Our materiality assessment determined that the top five sustainability issues most material to Woodside’s stakeholders were:

• The implications for Woodside of the oil spill in 2009 from the Montara field in the Timor Sea
• The environmental and social implications of an LNG development at James Price Point in the Kimberley region of Western Australia
• Indigenous employment and business participation
• Greenhouse gas and the impacts of the Australian Government’s Carbon Pollution Reduction Scheme
• Management of heritage values on the Burrup Peninsula in Western Australia

These issues have been addressed specifically in our report.

To ensure that these areas are materially correct and complete, we engaged Ernst & Young to conduct a limited assurance engagement in relation to certain aspects of this report.

Our report has also been prepared in accordance with the Global Reporting Initiative (GRI) Guidelines Version 3.0.

Our 2009 Sustainable Development Report is published on line. Hard copies can be ordered and we welcome your feedback on this report.