Better Health for All

Tullow Oil's core business of oil and gas exploration and production is directly linked to severe, widespread health damage, including risks of chemical exposure, environmental degradation, and impacts on water, with no inherent health benefits from the product itself.

All of the company's revenue is derived from these activities. These operations result in significant health-harming externalities, leading to lawsuits alleging violations of constitutional rights to a clean environment and health, and acknowledged non-compliance by regulators posing potential health threats. , 17 The company faces allegations of misleading claims regarding its corporate social responsibility spending, with local campaigners stating projects are worth less than half the claimed amount, and declined to disclose specific community spending for eight years. While Tullow has substantial remediation efforts, including a commitment to Net Zero by 2030, plans to eliminate routine flaring by 2025, investment in nature-based carbon offsets, planting over 100,600 trees, a 43% reduction in waste to landfill in Ghana, and 78% of total waste recycled, significant community health impacts persist. , 9, 13 Furthermore, despite its operations causing anxieties in local communities, the company's mental health support is limited to employees, offering an Employee Assistance Programme with counselling, a Global Wellness Agenda with mental wellbeing activities, and a Wellness Afternoon Off during Mental Health Awareness Week, with over 3,100 instances of participation in wellness events. , 9, 14 The company's business model does not involve health-related products for price accessibility, healthcare data management, pharmaceutical patents, nutrition/food products, or addiction mitigation.

Fair Money & Economic Opportunity

Tullow Oil is an oil and gas exploration and production company, not a financial institution. As such, it does not offer consumer lending or deposit services, manage customer finance data, or operate financial service access points. The company does not have a loan or insurance book, nor does it generate revenue from high-cost financial products. Therefore, the financial-service-specific KPIs are not applicable. However, Tullow Oil actively supports economic opportunity in its operating regions. It has collaborated with 12 financial institutions in Ghana to enhance access to finance for local suppliers, resulting in significant contract awards to indigenous companies.

In 2023, the company spent $221 million with local suppliers, marking a 28% increase from 2022, which supports local businesses and economic growth. Tullow also launched an Access to Finance program to train SMEs on engaging with financial institutions for refinancing. Furthermore, it invests in education and skills development, reaching over 10,000 pupils and students in 2023, supporting over 6,000 secondary and tertiary students with STEM scholarships, and committing $10 million for infrastructure to support 3,000 pupils in Ghana.

Fair Pay & Worker Respect

In 2023, the company achieved a Total Recordable Injury Frequency (TRIF) below 0.60.

However, as of April 2023, the company reported a median gender pay gap of 34% in its UK workforce, indicating that women's median hourly pay was 66% of men's. In 2023, the company also provided human rights training to over 70 employees and more than 140 suppliers, and assessed 103 suppliers for potential human rights risks in Ghana.

Fair Trade & Ethical Sourcing

In 2024, Tullow Oil directed 96.8% of its total spend in Ghana to indigenous and joint venture companies with indigenous participation, building on 96% in 2023.

The company reported no specific incidents of forced or child labor in 2022, 2023, or 2024. Its Code of Ethical Conduct prohibits such labor, and it conducts risk-based due diligence, identifying 103 high-risk suppliers in 2023 and developing action plans for labor rights. All contracts with business partners must contain appropriate ethics and compliance clauses, including references to anti-slavery and human trafficking laws, and individuals in its extended supply chain are contractually required to meet the standards of its Code of Ethical Conduct.

Honest & Fair Business

Tullow Oil's board demonstrates strong independence, with all Non-Executive Directors considered independent and the Chair also independent upon appointment.

The company maintains a robust "Speaking Up" policy, established in 2011, which includes a 24/7 external, anonymous reporting channel available in multiple languages. This policy explicitly prohibits retaliation, and all staff receive annual training. In 2024, 40 speak-up reports were received and investigated, following 22 in 2023, and in 2019, 87 cases led to nine departures due to confirmed breaches. Tullow Oil has a zero-tolerance anti-corruption policy, compliant with the UK Bribery Act 2010 and structured around UK Ministry of Justice guidance, prohibiting facilitation payments. This policy applies to all staff, board, and third parties, with 100% of employees, management, and board completing annual training and certification in 2019. The company also conducts internal audits of supplier compliance and an Enterprise-Wide Fraud Risk Assessment. In terms of transparency, Tullow Oil received an overall score of 61.67% from transparency.ie. In 2024, the company incurred a regulatory fine of $413,000 due to three incidents considered non-compliant with permit conditions.

Kind to Animals

Tullow Oil has committed approximately $90 million over a decade, announced in May 2024, in partnership with Ghana's Forestry Commission, for an Emissions Reduction Purchase Agreement.

This initiative aims to combat deforestation and forest degradation across two million hectares of land in Ghana. The company has adopted a No Net Loss ambition by 2030, supporting the Kunming-Montreal Global Biodiversity Framework. Since 2010, a marine mammal and tetrapod observation program in Ghana has recorded over 1,200 marine animal sightings, including 22 sightings of six different cetacean species in 2024. Tullow Oil has also supported research on forest ecosystems and endangered primates in Central Africa since 2003 and mangrove restoration in Guyana and Suriname since 2021. The company committed in 2015 to avoid operations in UNESCO World Heritage Sites. However, past operations, such as planned oil drilling in Uganda's Murchison Falls National Park, have been criticized for causing irreversible damage to the ecosystem. In terms of public policy engagement, Tullow Oil supports Ghana’s National Biodiversity Strategy and Action Plan and engages with the Kunming-Montreal Global Biodiversity Framework.

No War, No Weapons

Tullow Oil has a commitment to internationally recognized human rights standards, which it promotes through a Code of Ethical Conduct, training, and reporting mechanisms.

The company operates in regions with political instability, including Gabon, where a military coup occurred in August 2023, and the Democratic Republic of Congo, where its oil contracts have raised concerns about exacerbating conflict. Additionally, its subsidiary, Tullow Ghana, entered a five-year agreement with the Ghana Navy in January 2022, valued at $23.5 million, to enhance security in its offshore operations.

Planet-Friendly Business

Tullow Oil's total Scope 1, 2, and 3 greenhouse gas emissions are 10,516,002 tCO₂e.

The company has committed to achieving Net Zero for its Scope 1 and 2 net equity emissions by 2030 , with a target to reduce GHG emissions by at least 40% by 2025 through eliminating routine flaring. However, its carbon reduction targets are not explicitly stated as SBTi-validated. The company reports 78% of its total waste is recycled, reused, or treated. It has a nature-based carbon offset program in Ghana, aiming to generate up to 1 million tonnes of certified carbon offsets annually under leading standards like Architecture for REDD+ Transactions, covering 100% of its residual Scope 1 and 2 net equity emissions. Tullow Oil's Ghana operations report zero water withdrawal from surface water sources or areas of water stress. The company has faced three incidents of non-compliance with permit conditions, resulting in a $413,000 fine. TCFD disclosures are included in annual reports, and climate scenario analysis is conducted using multiple IEA scenarios to assess impacts on operational cash flow. Disclosure on climate-related stranded asset risks is minimal. The company implements a climate justice initiative through its nature-based carbon offset program, aiming to be transformational for over 1 million people by supporting sustainable environments and improving livelihoods. It also supports just transition through its Agriventures program, which aims to create 1,500 direct jobs and 400 businesses.

Respect for Cultures & Communities

Tullow Oil's engagement with local communities shows a mixed record, with strong positive actions in Ghana contrasted by significant challenges in Kenya. In Ghana, Tullow demonstrates a commitment to local economic development, empowering 50 indigenous Ghanaian oil and gas companies through an SDG readiness program in February 2025.

From 2010 to 2021, the company awarded $11.24 billion in contracts involving local Ghanaian participation, representing 66.78% of its total contract value of $16.83 billion. Tullow also supports coastal communities by constructing and rehabilitating 26 community sheds for engagement and dialogue in April 2024 and discusses grievance redress mechanisms with local fishing communities. However, in Kenya, significant concerns persist regarding community respect. In August 2021, communities accused Tullow Oil of conducting activities without obtaining Free, Prior, and Informed Consent (FPIC), as mandated by the constitution, and of ignoring community concerns, leading to external mediation by the International Finance Corporation's Compliance Advisory Ombudsman. Concerns were also raised in August 2023 about the need for meaningful community consultation, fair compensation, and safeguarding the way of life for local pastoralists, indicating ongoing issues with social license and impact assessments. Oxfam's 2017 report also highlighted challenges in FPIC, particularly regarding women's participation and addressing long-term impacts.

Safe & Smart Tech

Tullow Oil provides annual mandatory security awareness training for all staff, complemented by regular staff susceptibility phishing training and testing

. The company employs robust digital controls, detailed privacy procedures, and authorization hierarchies to prevent unauthorized data use, with no documented incidents . Its information security strategy aligns with ISO 27001 and the NIST framework , supported by a 24/7 Security Incident Event Management (SIEM) system and an Advanced Security Operations Centre (SOC) for network and device monitoring, alerting, and response , along with an an independent technical assurance program .

Zero Waste & Sustainable Products

Tullow Oil achieved a 97% reduction in bottled water usage in Kenya's Turkana region by establishing a local drinking water facility and utilizing reusable containers

. The company also installed water dispensers on the Noble Venturer drill ship, leading to a reduction of over 180,000 single-use plastic bottles annually . In Ghana, Tullow Ghana Limited partnered to convert Sargassum seaweed into hydrofoam bricks, which were used to construct 100 Ahoto fish ovens by the end of 2023 . Additionally, successful waste segregation and management in Ghana resulted in achieving zero waste to landfill at the Jubilee FPSO for two months .