Responsibility

ESG

ESG Policy

Chariot supports the growing awareness of social, environmental and ethical matters when considering business practices. This statement provides an outline of the policies in place that guide the Group and its employees when dealing with social, environmental and ethical matters in the workplace.

 

ENVIRONMENTAL & SOCIOECONOMIC POLICY

Chariot adopts an environmental policy which sets standards that meet or exceed industry guidelines and host government regulations. This is reviewed on a regular basis. Wherever we operate we will develop, implement and maintain management systems for sustainable development that will strive for continual improvement.

Prior to any seismic acquisition programmes and in preparation for the drilling of wells, Chariot will employ environmental consultants to carry out area specific Environmental Impact Assessments (“EIAs”) which are approved by the relevant ministries. Chariot intends to carry out all necessary requirements to ensure that the environment in and around its areas of interest is maintained to the highest standard. During all seismic acquisition programmes, Chariot employs marine mammal observers to travel on board the seismic vessels. These observers compile marine mammal and bird count statistics which will assist in the preparation of future EIAs.

Chariot’s drilling preparations include the use of the Environmental Management Plan which will be implemented from preparatory stage to well completion. Whilst drilling is underway, an Emergency Response plan will be put in place. At the point of discovery, an Environmental Management System will be developed to co-ordinate and monitor environmental activities and report the performance over the lifetime of the field from discovery to development, through to abandonment.

Social impacts will also form part of these assessments and preliminary work in this area will consider the local communities and the local economic effects on a progressive and permanent level. It is Chariot’s aim to ensure that all the likely environmental and socioeconomic impacts will be managed with skill, care and diligence in accordance with professional standards.

CODE OF CONDUCT

Chariot maintains and requires the highest ethical standards in carrying out its business activities in regard to dealing with gifts, hospitality, corruption, fraud, the use of inside information and whistle-blowing. Chariot maintains a zero tolerance policy towards bribery.

EQUAL OPPORTUNITY AND DIVERSITY

Chariot promotes and supports the rights and opportunities of all people to seek, obtain and hold employment without discrimination. It is our policy to make every effort to provide a working environment free from bullying, harassment, intimidation and discrimination on the basis of disability, nationality, race, sex, sexual orientation, religion or belief.

EMPLOYEE WELFARE

Chariot aims to assist employees at all levels to improve their professional abilities and to develop their skills. The Company will practice manpower and succession planning in regard to the number and type of personnel resources that will be required in the future. Individual career progression activities are developed with this in mind.

Chariot ensures the safety of all employees is of the highest priority and maintains up to date COVID-19 safe regulations for all in-office activity and travel arrangements.

JOINT VENTURE PARTNERS, CONTRACTORS AND SUPPLIERS

Chariot is committed to being honest and fair in all its dealings with partners, contractors and suppliers. The Company has a policy to provide clarity and protection, within its terms of business, to ensure the delivery and receipt of products and services at agreed standards.

OPERATING RESPONSIBILITY AND CONTINUOUS IMPROVEMENT

Chariot is committed to a proactive quality policy to ensure that stakeholders are satisfied with its results and the way in which the business operates and to promote continuous improvement in the overall operation of the Group. In pursuit of these objectives, Chariot will use recognised standards and models as benchmarks for its management systems.

Chariot is committed to maintaining and regularly reviewing its Health and Safety and Environmental Policies.