Companies' transparency around their financial payments to governments is critical for confidence and stability in our fiscal, political and regulatory regimes.
We create shared value and maintain our social licence to operate by paying taxes due under law, funding community programs, supporting local businesses and offering local employment opportunities.
We do not donate to campaign funds for any political party, politician or candidate for public office in any country.
Woodside regularly engages with governments of countries where we are active. We believe that the exchange of information and views is essential to mutually-informed decision making.
Our political contributions are approved by the Board and published by the Australian Electoral Commission (AEC).
In the 2018-19 financial year, we paid A$283,340 to registered political parties in Australia, comprising A$110,000 to renew two memberships: the Federal Liberal Party Australian Business Network and the Australian Labor Party Federal Business Forum. A$63,340 was spent on attending state and federal political conferences and events.
In November 2017, Woodside made a submission to, and appeared before, the Australian Federal Parliament Senate Select Committee Inquiry into the Political Influence of Donations. The Committee Chairman expressed the view that Woodside was not required to declare routine memberships of political parties’ business forums to the AEC. While current rules for disclosure are still to be clarified, we're continuing to voluntarily include memberships in our declarations.