Page 68 - Abu Dhabi Oil Co Ltd. (Japan) - Sustainability Report

ADOC 2022 SUSTAINABILITY REPORT

Material topics
3-1 Process to determine Pages 7 and 8
material topics
Page 8 Five new material topics have been added for 2022
including: Economic Impacts, Affected Local Communities,
GRI 3: Material Conflict and Security, Anti-corruption, Digitization Involving
Topics 2021 Better Data Management and Privacy/Cybersecurity. The
3-2 List of material topics remaining material topics were included (directly or under
broader category) in the 2021 Sustainability Report, however,
within the 2022 Sustainability Report these may have been
categorised differently to capture the material topic either in a
broader context, or highlight any specific significant elements of
that topic.
Economic performance
GRI 3: Material 3-3 Management of material Pages 57-59 11.14.1
Topics 2021 topics
Information unavailable/incomplete
ADOC is a privately held company. They extract oil and trans-
fer the same to two of ADOC’s parent companies Cosmo
Energy Exploration & Production Co., Ltd. & JX Nippon Oil &
201-1 Direct economic Gas Exploration Corporation. Their financial information is re-
value generated and distri- ported in sustainability reports of ADOC’s parent companies. 11.14.2
buted They also work for ADNOC, as an independent operator, and
their financial information is reported in ADNOC’s sustainabi-
lity report too. ADOC therefore consider this information pro-
prietary and do not wish to report financial figures of ADOC
GRI 201: Eco- (direct (EVG&D) by project) separately as a single entity.
nomic Perfor- 201-2 Financial implications Page 36
mance 2016 and other risks and op- ADOC is exploring decarbonization strategies which may 11.2.2
portunities due to climate financially benefit the organisation in the future.
change
ADOC’s definition of ‘local’ refers to within the UAE.
ADOC’s definition used for ‘significant locations of operation’
refers to AD Office, offshore sites and the Mussafah war-
202-2 Proportion of senior ehouse. 11.11.2
management hired from the Senior management is defined as heads of department and 11.14.3
local community
above.
Considering the above definitions, the HR and FA manager are
hired from local community.
Indirect economic impacts
203-1 Infrastructure Social risk management studies will be undertaken in 2023 and
GRI 203: Indi- investments and services the outcome of these studies will be discussed in the forthco- 11.14.4
rect Economic supported ming Sustainability Reports.
Impacts 2016 203-2 Significant indirect Page 57
economic impacts 11.14.5
Procurement practices
Page 57
GRI 204: Procu- 204-1 Proportion of spen- ADOC’s definition of ‘local’ refers to within the UAE.
rement Prac- ding on local suppliers ADOC’s definition used for ‘significant locations of operation’ 11.14.6
tices 2016 refers to AD Office, offshore sites and the Mussafah war-
ehouse.
Anti-corruption
GRI 3: Material 3-3 Management of material Pages 27 and 28 11.20.1
Topics 2021 topics

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