HSE management system

Objectives, targets and deadlines are set and tracked annually to drive strong HSE performance. Progress is tracked and reported to our Executive Leadership Team and the Board of Directors.

Corporate HSE audits manage and maintain a process to provide an independent, objective and consistent assessment for global company-wide operations conformance with ConocoPhillips HSE policies and standards, including the ConocoPhillips Health, Safety and Environment policy. Business units have additional auditing processes to provide an assessment of compliance with applicable HSE and legal requirements. Corrective actions and status from audits and other risk-improvement efforts are annually reported through a process designed to ensure timely resolution and communication through all levels of company management.

Our corporate Health, Safety and Environment (HSE) Management System Standard helps ensure our activities are consistently conducted in a safe, healthy, environmentally and socially responsible manner across the globe. The standard outlines requirements for implementing the company's HSE Policy, leadership expectations and SPIRIT Values. Individual sections of the standard combine to provide a continuous improvement process based on plan, do, assess and adjust. Our corporate standard aligns with and is based on industry standards such as ISO 45001, ISO 14001 and ISO 9001.

In accordance with the corporate standard, each BU implements a BU-specific HSE Management System to meet requirements outlined in the global standard and assess and manage local regulatory requirements and operational risks to the business, employees, contractors, stakeholders and the environment.

All business units and functions annually review their HSE management system and are responsible for integrating HSE and sustainability issues into day-to-day operations, project development and decision making. They use leading and lagging HSE performance metrics, HSE audit findings, insurance inspection summaries and other data to analyze current status, identify areas for potential improvement, and implement key activities to reduce risk and further improve HSE performance. Additionally, business units and functions periodically update their HSE management systems to align with the corporate standard. They are held accountable through an annual performance assessment.