413-538-3091. Oil made travel easier than it had ever been before. 1 Combined with renewable energy. audits/screenings) for compliance within the companys sphere of influence, Undertake awareness-raising, training and other types of capacity building with suppliers and other business partners, Any relevant policies, procedures, and activities that the company plans to undertake by its next COP to fulfill this criterion, including goals, timelines, metrics, and responsible staff, Analyze each segment of the value chain carefully, both upstream and downstream, when mapping risks, opportunities and impacts, Place responsibility for execution of sustainability strategy in relevant corporate functions (procurement, government affairs, human resources, legal, etc) ensuring that no function is conflicting with company sustainability commitments and objectives, Align strategies, goals and incentive structures of all business units and subsidiaries with corporate sustainability strategy, Assign responsibility for corporate sustainability implementation to an individual or group within each business unit and subsidiary, Design corporate sustainability strategy to leverage synergies between and among issue areas and to deal adequately with trade-offs, Ensure that different corporate functions coordinate closely to maximize performance and avoid unintended negative impacts, Leadership review of monitoring and improvement results, Grievance mechanisms that are legitimate, accessible, predictable, equitable, transparent, rights-compatible, a source of continuous learning, and based on engagement and dialogue (BRE4 + ARE4), System to monitor the effectiveness of human rights policies and implementation with quantitative and qualitative metrics, including in the supply chain (BRE3 + ARE3), Monitoring draws from internal and external feedback, including affected stakeholders, Process to deal with incidents the company has caused or contributed to for internal and external stakeholders (BRE 4 + ARE 4), Outcomes of integration of the human rights principles, Process to ensure that internationally recognized human rights are respected, Internal awareness-raising and training on human rights for management and employees, Allocation of responsibilities and accountability for addressing human rights impacts, Internal decision-making, budget and oversight for effective responses to human rights impacts, Process and programs in place to support human rights through: core business; strategic philanthropic/social investment; public policy engagement/advocacy; partnerships and/or other forms of collective action (BRE 6 + ARE 6), On-going due diligence process that includes an assessment of actual and potential human rights impacts (BRE 2 + BRE 3 + ARE 2 + ARE 3), Operational-level grievance mechanisms for those potentially impacted by the companys activities (BRE 4 + ARE 4), Processes to provide for or cooperate in the remediation of adverse human rights impacts that the company has caused or contributed to (BRE 3+ BRE 4 + ARE3 + ARE 4), Commitment to comply with all applicable laws and respect internationally recognized human rights, wherever the company operates (e.g., the Universal Declaration of Human Rights, Guiding Principles on Human Rights) (BRE1 + ARE1), Integrated or stand-alone statement of policy expressing commitment to respect and support human rights approved at the most senior level of the company (BRE 1 + BRE5 + ARE 1 + ARE 5), Statement of policy stipulating human rights expectations of personnel, business partners and other parties directly linked to operations, products or services (BRE 1), Statement of policy publicly available and communicated internally and externally to all personnel, business partners and other relevant parties (BRE 1 + BRE 5 + ARE 1 + ARE 5), Outcomes of integration of the Labour principles, System to track and measure performance based on standardized performance metrics, Dialogues with the representative organization of workers to regularly review progress made and jointly identify priorities for the future, Audits or other steps to monitor and improve the working conditions of companies in the supply chain, in line with principles of international labour standards, Process to positively engage with the suppliers to address the challenges (i.e., partnership approach instead of corrective approach) through schemes to improve workplace practices, Reference to principles of relevant international labour standards (ILO Conventions) and other normative international instruments in company policies. No single technology can solve our decarbonization challenge. DR. PAUL EBERT July 2019 - June 2020 Files. Be part of the solution.The dual challenge of supplyingSee this and similar jobs on LinkedIn. How we're supporting our customers in delivering a more sustainable world. Citigroups Dan Levy is among the most bullish analysts, rating Worley a buy with a target price of $12.28 per share in the belief that fiscal 2021 will mark the bottom of the companys earnings curve. Former Group President Sustainability at Worley. We aspire to derive 75 percent of our revenue from sustainability-related business by 2026. The company observes global oil companies are becoming, more generally, energy companies and still require traditional operations to be serviced. The acquisition will help Worley with automated systems, fleet decarbonization and electrification, and optimizing operations to reduce minings impact. With Worleys shares trading in line with its long-term average of about 16 times future earnings, the market appeared to be pricing the engineering group higher compared with more traditional energy companies, which are trading lower, Mr Martin said. Reaching new depths in floating offshore wind. and wellbeing of our people, communities and the environment. The Sustainability Performance Target Minimum Score Condition will be met if Edenred reaches at least 2 out of 3 of the above mentioned KPIs. For more info SHARE ANALYSIS: WOR, Worley has emphasised the longer-term energy transition in its investor briefing and believes it can win a substantial portion of this new work, -Sustainability services are a growing proportion of the bid pipeline-Parts of traditionalbusiness under structural pressure-Cost savings, revenue growth likely to drive better H2. Consumers are aware that their behaviours within the home impact sustainability and plan to take greater action in the future. In FY2021, we committed to reach net-zero Scope 3 emissions by 2050. This year, more than 10,000 publicly traded companies were invited to participate in the S&P Global CSA. From pretty humble Australian beginnings, Worley's founding chairman, John Grill, has seen the company grow to over 50,000 people in . From delivering more than 3,500 sustainability-related projects and partnering with industry leaders to develop new ways of thinking and turning them into reality to contributing to communities across the globe, our people are focused on shaping the future of our sectors.. Measuring change in the race to deliver net zero. Refinery revenue, currently15% of total revenue,is expected to shrink going forward because of structural refining overcapacity and a shift to electric vehicles. The company also works with equipment manufacturers and outside technology providers to design and deploy the platforms. The COP incorporates the following high standards of transparency and disclosure: Criterion 2: The COP describes value chain implementation, Criterion 1: The COP describes mainstreaming into corporate functions and business units, Criterion 5: The COP describes effective monitoring and evaluation mechanisms of human rights integration, Criterion 4: The COP describes effective management systems to integrate the human rights principles, Criterion 3: The COP describes robust commitments, strategies or policies in the area of human rights, Criterion 8: The COP describes effective monitoring and evaluation mechanisms of labour principles integration, Criterion 6: The COP describes robust commitments, strategies or policies in the area of labour, Criterion 7: The COP describes effective management systems to integrate the labour principles, Criterion 11: The COP describes effective monitoring and evaluation mechanisms for environmental stewardship, Criterion 9: The COP describes robust commitments, strategies or policies in the area of environmental stewardship, Criterion 10: The COP describes effective management systems to integrate the environmental principles, Criterion 13: The COP describes effective management systems to integrate the anti-corruption principle, Criterion 12: The COP describes robust commitments, strategies or policies in the area of anti-corruption, Criterion 14: The COP describes effective monitoring and evaluation mechanisms for the integration of anti-corruption, Criterion 15: The COP describes core business contributions to UN goals and issues, Criterion 16: The COP describes strategic social investments and philanthropy, Criterion 17: The COP describes advocacy and public policy engagement, Criterion 18: The COP describes partnerships and collective action, Criterion 21: The COP describes stakeholder engagement, Criterion 19: The COP describes CEO commitment and leadership, Criterion 20: The COP describes Board adoption and oversight, With respect to your companys actions to advance the Sustainable Development Goals (SDGs), the COP describes: [Select all that apply], Which of the following Sustainable Development Goals (SDGs) do the activities described in your COP address? Worley is a leading global provider of professional project and asset services in the energy, chemicals and resources sectors. Decarbonisation is the largest segment being targeted and Worley estimates investment of US$1.5 trillion per annum with an associated addressable market up to US$225bn. . . Advisian (Worley Group) This Position is located in Baton Rouge and Advisian will pay a relocation fee . He is the former Director of the Master of Science in Organization program at Pepperdine Graziadio Business School and served as past chair for the Academy of Management's Organization Development and Change Division. And Im excited about the investment were going to be making to accelerate that shift.. Worley; Published. EY's global Climate Change and Sustainability Services (CCaSS) teams understand the evolving pressures surrounding these challenges. Macquarie assesses higher commodity prices and a recovery in the global economy will lead to more projects being sanctioned along with improved confidence in the customer base. Worley is a leading global provider of professional services in the energy, chemicals and resources sectors. 2016_Corporate_Responsibility_Report.pdf (English) . "Worley's inclusion on the DJSI is a recognition of the hard work and focus of our people on delivering a more sustainable world with our customers, partners, and communities globally," said Sue Brown, Executive Group Director Sustainability at Worley. Worley C. G., Feyerherm A. E., Knudsen D. (2010). How to convert thinking into action by outlining the indicators . The joint venture will develop and run both recycling facilities as greenfield projects. After a downgrade in February the broker suspects the stock has decoupled from the oil price and improved earnings and more contract wins are required to close the gap. Follow Worley onFacebook, Twitter, LinkedIn and YouTube. Weve been recognized as a global leader through our inclusion in S&P Dow Jones Sustainability Index 2022 Review. "]. But a combination of them can. Were also making assets more resilient to climate change. This year, weve expanded our Scope 3 reporting to include 11 out of the 13 applicable Scope 3 categories to us, as defined in the Greenhouse Gas Protocol. It's driven by the urgent need to address climate change, and the development of cheaper, low emissions technologies. But this isn't our first energy transition. While only $3.5 billion of its $14.3 billion order book was composed of sustainability projects at the end of June, Worley said almost half of likely future work will be sustainability projects . In FY2021, we committed to reach net-zero Scope 3 emissions by 2050. Mr Ashton has promised to give shareholders more detail on Worleys targets for making money from sustainability projects at an investor day in December. Worley Limited Sustainability-Linked Bond Framework Second-Party Opinion (2021). The Journal of Petroleum Technology, the Society of Petroleum Engineers flagship magazine, presents authoritative briefs and features on technology advancements in exploration and production, oil and gas industry issues, and news about SPE and its members. While a little cautious regarding the pace of demand growth Citi does not believe an overly optimistic view on operations is required to construct a bullish case for the stock. We're delivering a more sustainable world. We're proud to share the progress we have made in delivering sustainable solutions for our customers, while advancing our own commitments and ESG performance: okt.to/beLC5l. Primary Location. The COP describes any action(s) that the company plans to undertake by its next COP to have the credibility of the information in its COP externally assessed, including goals, timelines, metrics, and responsible staff, Information is reviewed by multiple stakeholders (e.g., representatives of groups prioritized in stakeholder analysis), Information is reviewed by a panel of peers (e.g., members of the same industry, competitors, benchmarked leaders, others organized via Global Compact Local Network), Information is assured by independent assurors (e.g., accounting or consulting firm) using their own proprietary methodology, Information is assured by independent assurors (e.g., accounting or consulting firm) against recognized assurance standard (e.g., ISAE3000, AA1000AS, other national or industry-specific standard), Is 'in accordance - core' with GRI Standards, Applies the GRI Sustainability Reporting Guidelines or the GRI Standards, Is 'in accordance - comprehensive' with GRI Standards, Applies elements of the International Integrated Reporting Framework, Provides information on the companys profile and context of operation, Communicate policies and expectations to suppliers and other relevant business partners, Implement monitoring and assurance mechanisms (e.g. Worley's Executive Group Director Sustainability Sue Brown. Make a real difference - witness the results - be a part of the Worley journey today! 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