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?

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

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.

Transocean’s Corporate Responsibility Program

Foundation of Transocean’s Corporate Responsibility Standard

– Core Values and FIRST

– Responsible Person

Transocean Triple Bottom Line

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.

Implementation of Corporate Responsibility

Implementation of Transocean’s Corporate Responsibility Program

– First Projects

– Interest – Dedicated Individuals then Management Support.

Udaan India Foundation - India

Compassion Centre for Physically Disabled Children - Nigeria

Beach Clean Up Event - USA

Recycle the Gulf

Gulf of Mexico Foundation Habitat Restoration Center

Limbe Wildlife Centre

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

Implementation of Corporate Responsibility

Choice of Implementation of a Corporate Responsibility Program

– Grass Roots

– Formal Structure

Summary

How do you build a corporately responsible drilling company?

– Foundation of values

– Interested and empowered individuals

– Support of Management

Questions?