Corporate Responsibility Governance & Oversight
Cheniere’s Board of Directors is responsible for risk oversight of the company. In turn, the executive management team is responsible for considering, as appropriate, the long-term sustainability implications of Cheniere’s business plans and ability to responsibly deliver clean, secure, and affordable energy to the world.
Our scorecard, which is linked to our annual cash-bonus incentive program for all executives and employees, includes non-financial performance targets, including compliance and safety performance objectives. In 2018, we outperformed our enterprise-wide safety targets for TRIR and LTIR with both employees and contractors. We have established more aggressive safety targets for 2019 to drive continuous improvement. Our annual incentive program for all employees and executives is tied to safety performance.
Our Core Values
Cheniere’s management team integrates occupational health and safety, process safety, integrity management, and environmental stewardship into relevant business decisions and operations and operationalizes our core values of Teamwork, Respect, Accountability, Integrity, Nimble and Safety (TRAINS).
We strive to conduct our business operations in accordance with all applicable local, state, federal, and international laws and regulations. Furthermore, Cheniere has memorialized its commitment to the fundamental principles of honesty, loyalty, and fairness in our Code of Business Conduct and Ethics. Moreover, we are committed to conducting business in a way that is responsible, following the highest ethical standards.
As of November 2018, Cheniere has established Board-level oversight of ESG and sustainability issues. The Governance and Nominating Committee charter includes the review of Cheniere’s climate change and sustainability policies and strategies at least once annually. The Governance and Nominating Committee’s duties and responsibilities on Corporate Social Responsibility (CSR) issues include:
- Review with management the current and emerging environmental, sustainability and social responsibility issues impacting the Company;
- Review, at least annually, the Company’s climate change and sustainability policies and strategies.
Cheniere’s Board is responsible for risk oversight of the company. In turn, the executive management team is responsible for considering, as appropriate, the long-term sustainability implications of our business plans and Cheniere’s ability to responsibly deliver clean, secure, and affordable energy to the world.
Cheniere’s sustainability initiatives are managed by the Policy, Government, and Public Affairs (PGPA) organization, led by the Senior Vice President (a member of Cheniere’s executive leadership team and reporting to the Chief Executive Officer). Health and safety programs at Cheniere are under the accountability of the Senior Vice President of Operations and ingrained as part of our corporate culture at all levels of the organization. Cheniere also has a dedicated Climate & Sustainability team to advise executive leadership and the Board on managing climate and sustainability-related risks and opportunities.
A cross-functional Corporate Social Responsibility (CSR) reporting team has been formed to implement Cheniere’s CSR Program. The team is dedicated to preparing Cheniere’s inaugural CSR report.
Corporate Responsibility Program
In 2018, we launched our Corporate Responsibility (CR) program and created a cross-functional CR team to administer the program. To guide our disclosures and prioritize the ESG issues most relevant to our business and of most interest to our stakeholders, we conducted an analysis of relevant ESG issues in 2018. We reviewed disclosures from major sustainability and industry-specific reporting guidelines relevant to our business. These reporting guidelines included IPIECA, GRI, SASB, and TCFD.