Role of Corporate Social Responsibility at Strike Energy

Strike Energy, the Australia based independent oil and gas exploration company, has finely integrated the role of corporate social responsibility in its business operations. Strike Energy was established in the year 1997 and is based in Adelaide. The prime objective of the firm is the rapid commercialization of the world scale multi Tcf gas resource located within its Southern Cooper Basin Gas Project. The Cooper Basin is Australia’s most prolific onshore oil and gas region and is now recognized globally for its untapped gas potential. With the rich experience and technical expertise of the firm’s management, Strike Energy aspires to successfully develop and commercialize its portfolio of high-quality assets.

CSR is at the heart of the growth strategy of Strike Energy and has helped the firm establish a new identity and trust among its customers.

Let’s have an aerial perspective of the responsible initiatives by Strike Energy.

Health and Safety Policy

At Strike Energy, the health of its employees is a priority. Consistent efforts are made to improve the health and safety performance which are as follows:

• Health and safety matters are managed as a critical business activity;
• Activities, where effective mitigation controls are not in place, are delayed or stopped in order to manage identified hazards;
• A systematic approach is applied to all activities that demonstrate continual improvement in health and safety performance;
• The health and safety hazards associated with all activities are assessed and mitigation measures are employed to reduce those hazards;
• Health and safety performance are included in the appraisal of staff and they are rewarded accordingly;
• Contractors are required to manage health and safety aligned with this policy;
• Targets are set and regularly monitored along with audit and report performance; and
• Application and demonstration of compliance with applicable occupational health and safety laws.

All employees of Strike Energy are responsible for the implementation and effectiveness of this health and safety policy. Further, this policy is reviewed every two years or immediately after any incident reported.

Environmental Policy

Amidst the backdrop of global climate change, the oil and gas industry is at the heart of the sustainability debate. Strike Energy is sincerely committed to the idea of ‘sustainable development’ and conducts all its activities in a responsible manner.

Let’s look at the actions taken by the firm to minimize the impact of its activities on the environment.

• Environmental matters are managed as a critical business activity;
• Best practices, management strategies, and continual improvement programs are adopted;
• All the activities are aligned with the applicable laws and regulations;
• Delay or stop activities where effective environmental mitigation controls are not in place to manage identified hazards;
• A systematic approach is applied to mitigate environmental impacts and ensure continuous improvement in environmental performance;
• Those steps are followed where it is possible to reduce energy use, emissions, waste, and discharges;
• Contractors are required to manage the environment aligned with this policy;
• Discussions are held with their employees, contractors, government and the wider community regarding environmental matters;
• Set targets and regularly monitor, audit and report performance against those targets; and
• Assistance is provided for environmental research, education and training to promote an awareness ethic within Strike, its contractors, and the wider community.

All Strike employees are responsible for the implementation and effectiveness of this environmental policy. Further, this policy shall be reviewed at least every two years or immediately after the occurrence of any reportable incident.

Indigenous Relations Policy

Strike Energy recognizes the fact that its activities may take place on areas currently or previously occupied by indigenous people and is committed to build positive relations with the indigenous communities.

Strike Energy follows a well-defined approach to take care of the indigenous communities in their area of operations.

• Indigenous relations are managed as a critical business activity;
• Indigenous traditions, culture, integrity of the country and cultural sites are respected in entirety;
• Efforts are made to understand indigenous perspectives;
• Before undertaking work on lands claimed by indigenous people, relevant parties are consulted;
• Ensures its employees and contractors are aware of their obligations in regard to the reporting and protection of indigenous cultural heritage;
• Application and demonstration of compliance with applicable laws and agreements.

The implementation and effectiveness of this indigenous relations policy is the responsibility of all Strike Energy employees. Further, this policy shall be reviewed at least every two years or immediately after the occurrence of any significant incident.

APPEA Environment Award

The efforts of Strike Energy were recognized in 2006 when it won the 2006 Australian Petroleum Production and Exploration Association´s (APPEA) environment award in the ‘exploration’ category, for its efforts to eliminate many of the environmental risks in the regions of its operations.

These CSR initiatives by Strike Energy reflect that the firm has wonderfully aligned its vision with the larger goal of ‘sustainable development’. Without an iota of doubt, the sincere efforts of the corporation have positively transformed the quality of life of the local communities and widened the concept of growth and development.