Sustainability

Sustainability2020-06-16T11:40:20+10:00

FAR is committed to managing its environmental, social and governance (ESG) responsibilities and to embedding ESG into FAR’s philosophy, practices and business processes.

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.

Corporate Governance

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 2019 Corporate Governance Statement can be viewed on the Company’s website at www.far.com.au/governance-social-responsibility/.

People

FAR is focussed on growing 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.

Safety

The health, safety and wellbeing of FAR’s people and the communities in which we operate are of utmost importance to the Company. 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’s expectation is to work incident free, every hour, every day, everywhere and encourage all FAR people to make a personal commitment to ensure they and those they work alongside are incident and injury free.

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.

Transparency

FAR is a member of the Extractive Industries Transparency Initiative (EITI), along with the governments of Senegal and Australia. EITI is the global standard to promote the open and accouintable management of oil, gas and mineral resources. Guided by the belief that a country’s natural resources belong to it’s 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.