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Social Investment
Elevating Our
Position
in the Global Community
More
than just charitable, feel-good activities, social investment encompasses
philanthropy and community outreach, and is important to ConocoPhillips’
approach for delivering superior financial results.
“Social
investment positions ConocoPhillips positively with our customers,
stakeholders and with government leaders,” says Tom Knudson, senior
vice president of Government Affairs and Communications. “When we
address local needs and environmental problems, host governments
more readily view us as partners in their communities — creating
favorable settings for our businesses to flourish.”
Reaching
Outward
Community outreach activities harness employees’ sense of pride
and desire to work for a good corporate citizen. In Houston, Texas,
the Keep 5 Alive program mobilizes hundreds of employee and family
volunteers to paint and repair homes of elderly and disabled homeowners
in the inner city. In Alaska, employees contribute time and resources
to the Red Cross Masters of Disaster program, teaching children
how to survive natural disasters. ConocoPhillips continues to have
a significant community presence in Oklahoma, where employee and
company support of education, the arts and other charities in Bartlesville,
Ponca City and throughout the state remain at pre-merger levels.
Around the world, ConocoPhillips funds educational initiatives and
community enrichment activities.
Taking
Environmental Stewardship Seriously
The company works hard to be the neighbor of choice. In Alaska and
Russia, ConocoPhillips uses ice roads to protect fragile tundra.
The company’s environmental protection initiatives in Russia have
been recognized with two annual Lomonosov Awards.
For
more than 60 years, ConocoPhillips has carried out oil and gas exploration
and development in the environmentally sensitive home of the endangered
Aransas-Wood Buffalo
Whooping Crane at the Aransas National Wildlife Refuge in Texas.
Limiting drilling activity to months when the flock summers in Canada,
the company has proudly watched the flock increase from fewer than
20 birds to more than 180 birds.
Through
its support of the International Crane Foundation, the company has
enabled migration studies of waterfowl and their natural habitats
along Bohai Bay’s coastal wetlands in northeastern China.
Meeting
Present Needs Without Compromising the Future
Facilitating development in Venezuela’s Gulf of Paria, ConocoPhillips
funds workshops on health and water purification for the local community
and sponsors literacy and bilingual programs for the indigenous
Warao. In Alberta, Canada, ConocoPhillips decreased forest fire
potential, eliminated safety hazards and saved some $170,000 by
using narrow clearing techniques to make a path through dense forest
to lay seismic survey lines.
“Through
our global operations, ConocoPhillips works to maximize financial
performance while providing shareholders with an attractive return
on investment,” says Knudson. “Success means combining economic
performance, environmental stewardship and social investment as
interdependent parts of a single business approach.”
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