We create shared value and maintain our social licence to operate by generating employment and training opportunities, procuring goods and services from local businesses, investing in community programs as well as paying our taxes due under law.
Our approach to political contributions is clear:
- We do not donate to campaign funds for any political party, politician or candidate for public office in any country.
- We disclose any contributions we make to political parties on an annual basis.
Each year, the Woodside Board considers our approach to political contributions.
In 2020, our Board agreed to renew our memberships to the Federal and WA business forums of the Labor, Liberal and National parties. Our political contributions for the financial year 2019/20 totalled A$335,415. In comparison, we paid A$473 million in Australian corporate income tax and a further A$234 million in other taxes and royalties.
In 2021, our Board decided not to renew or seek new memberships to political party business engagement forums. We will continue to consider opportunities to attend paid events on an ad-hoc basis in accordance with our business priorities.