Our social contribution strategy is structured to support our core business objectives for exploration, operations and developments in the communities where we operate. The strategy is flexible and responsive to business needs and makes provision for funding and in-kind support in connection with all of our activities.
Social contribution highlights in 2015 included:
- A direct contribution of A$13.9*. This does not include mandatory social contributions, such as under heritage and other land use agreements. Employees contributed 6,337 volunteering hours valued at A$1.2 million.
- Social contribution equated to 0.5% of a three-year averaged profit before tax (2013 to 2015).
- We successfully leveraged A$5.2 million** of social investment through [our partners] or government bodies.
- Employees donated more than A$150,000 through our workplace giving program.
*Includes cash value, in-kind and voluntary hours (Woodside share).
** Leverage refers to additional third party contributions facilitated by Woodside
Additionally, the North West Shelf Project
and Pluto LNG
Project contributed A$16 million towards the Karratha Infrastructure Strategy to develop community facilities in collaboration with local, state and commonwealth governments and community and non-government organisations.
More information about our current partners and initiatives can be found on Woodside's online community forum Canvas
Social contribution verification
Woodside is a member of the London Benchmarking Group (LBG). We use its methodology to track, measure, benchmark and report on our social contributions.
LBG is an internationally recognised standard for measuring and evaluating social contribution. To find out more visit LBG Australia & New Zealand.
To view Woodside's LBG verification statement, click here.