Our Approach to Sustainability Reporting
At the beginning of 2016, Whiting began the integration of sustainability planning and reporting with our initial disclosure of sustainability issues on our website. In 2018, we contracted with Ernst & Young LLP (EY) to develop a more robust program that is indexed to the relevant Global Reporting Initiative (GRI) and International Petroleum Industry Environmental Conservation Association (IPIECA) indicators.
In this sustainability reporting, we describe Whiting’s strategy and performance regarding material economic, environmental and social issues for calendar year 2017, unless otherwise noted. Our annual report, Form 10-K filing and proxy statement detail our financial and governance information and can be found here.
When conducting our internal review of performance data for this 2017 reporting, we built upon our typical review process and initiated a more detailed investigation of the performance data. Based on this analysis, we revised many of the historical environmental values stated in prior sustainability reports to improve the quality of our data set.
Scope of Reporting
Whiting’s sustainability reporting covers calendar year 2017 for the principal assets operated by Whiting and our wholly owned subsidiaries, including our North Dakota Williston Basin and Colorado DJ Basin operations, unless specified otherwise.
This includes our Williston and Denver-Julesberg basin assets from January 1, 2017 to December 31, 2017.
Our sustainability reporting takes the following frameworks into consideration when developing our disclosures and identifying metrics included in these disclosures:
- The Global Reporting Initiative (GRI) Sustainability Reporting Standards and Oil and Gas Sector disclosures
- The International Petroleum Industry Environment Conservation Association’s (IPIECA) Oil and Gas Industry Guidance on Voluntary Sustainability Reporting
- Disclosing the Facts transparency reports
In 2017, Whiting completed a materiality assessment to identify the sustainability topics that are most important to the company and its stakeholders. This process involved engaging with internal and external stakeholders to identify and prioritize 26 sustainability topics. We also studied industry peers and external stakeholder groups to identify and prioritize new and emerging issues important to our employees and stakeholders when developing the content for the report. Periodically we intend to reassess our list of material issues based on ESG reporting ratings and trends, sustainability reporting and framework, shareholder resolutions and other sources to validate our material issues and content for this reporting.
The material issues identified in our first materiality process, which have helped define the boundaries of this report can be found to the right.
26 Material Sustainability Issues/Topics
|Supply chain sustainability|
|Ethics, anti-corruption and anti-bribery practices|
|Legal and regulatory compliance|
|Risk identification and management processes|
|Hydraulic fracturing and chemicals management|
|Land impact and remediation|
|Greenhouse gas emissions|
|Health and safety|
|Employee and contractor safety|
|Emergency response preparedness|
|Health and wellness|
|Community health, safety and disruption|
|Local employment and investment|
|Philanthropy and volunteering|
|Diversity and inclusion|
|Training and development|