FAR is committed to managing its environmental, social and governance (ESG) responsibilities and to embedding ESG into FAR’s philosophy, practices and business processes.
In 2021 the Bambo drilling campaign represented the Company’s major operational and financial activity, and FAR is proud to have safely delivered a carbon neutral well.
FAR’s commitment to ESG is guided by the PEARL principle – People, Environment, Assets, Reputation and Legal, in that order of priority. PEARL is embedded throughout our organisation, from the most detailed Health, Safety and Environment plan on a rig, to our risk management process, to the social investments we make in our host countries.
Australian Securities Exchange Listing Rule 4.10.3 requires companies to disclose the extent to which they have complied with the best practice recommendations of the ASX Corporate Governance Council. .
FAR’s 2021 Corporate Governance Statement can be viewed on the Company’s website or by clicking here
FAR is a business of diverse individuals in a high performing, inclusive culture and providing a safe working environment for all FAR people and the consultants and partners that work with the Company.
The health, safety and wellbeing of FAR’s people and the communities in which we operate are of utmost importance to the Company. The Bambo drilling campaign featured industry gold standard health and safety standards and was completed with zero Lost Time Injuries. A customised and rigorous COVID-19 management plan meant no delays were experienced on the rig.
FAR will continue to develop and promote a culture of safe practices and ethics and will endeavour to ensure there are no occupational health issues in the workplace. FAR has invested in developing best practice policies and training to support health, safety and wellbeing, including Whistleblower, Diversity and Human Rights and Child Protection policies and customised crisis management training. FAR has ensured all employees and contractors are supported to work from home or in a COVID safe office environment as appropriate.
FAR is a member of the Extractive Industries Transparency Initiative (‘EITI’). EITI is the global standard to promote the open and accountable management of oil, gas and mineral resources. Guided by the belief that a country’s natural resources belong to its citizens, the EITI has established a global standard to promote the open and accountable management of oil, gas and mineral resources.
Further information about the EITI can be found at on the EITI website www.eiti.org.