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ChevronTexaco's first corporate responsibility report
Corporate responsibility is not new to ChevronTexaco, but reporting on our social, economic and environmental performance in a comprehensive, global way is. This first report simultaneously conveys that ChevronTexaco has long been addressing many corporate responsibility issues and that we are working to manage them in a more integrated and systematic way. It describes where we think we are doing well and where we are not satisfied with our performance.
Addressing the key issues facing our company
This first ChevronTexaco Corporate Responsibility Report includes information on social, economic and environmental issues and performance. The issues covered reflect our views on the key corporate responsibility issues facing our company, as well as our understanding of external stakeholders' opinions on the most significant and material impacts of our operations. In developing this report, we were informed by the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines. We intend to continue to assess GRI and other external reporting frameworks as they evolve and apply them as appropriate for our company in future reports.
2002 information presented in context
This report focuses on the performance of our owned and operated businesses and generally does not address the performance of our suppliers, contractors or partners. We have tried to focus primarily on 2002 information in the report. But where we feel it provides a more complete picture of our performance or impacts, we have included some historical information that predates the merger of Chevron and Texaco in 2001 and, in some instances, also included information from 2003. We plan to publish a corporate responsibility report annually.
Developing performance indicators
Where possible, we have included corporate-wide performance data and information. In many instances, however, we provide information or examples on a country, operating company or business unit level. Operating in more than 180 countries and in multiple business sectors requires that we be responsive to local laws and issues and flexible in how we address them in unique operating environments. At the same time, we must develop appropriate corporate-wide performance indicators for measuring and reporting on corporate responsibility issues.
A baseline for continual improvement
We recognize that we can expand the scope and completeness of our corporate responsibility reporting in the future, and we view this report as the baseline for continual improvement. We are working to identify additional indicators and metrics that are valuable to us and that will help us and others assess our corporate responsibility performance. We look forward to feedback on what is contained in this report.
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