GRI Indicator
102-1
Disclosure Title
Name of the organization
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
0
GRI Indicator
102-2
Disclosure Title
Activities, brands, products and services
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
Our products – oil and natural gas and some of their derivatives, including propane – are traded globally, and none are banned. We monitor stakeholder questions and public debate about our industry’s products on an ongoing basis. Issues that are important to our stakeholders are confirmed through our annual materiality reviews and included within the scope of our sustainability reporting. For more information on how we assess and respond to stakeholder questions and key material issues, please see the Stakeholder Engagement section (page 22) and Materiality section (pages 6–7) of our 2019 Sustainability Report.
1
GRI Indicator
102-3
Disclosure Title
Location of headquarters
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
2
GRI Indicator
102-4
Disclosure Title
Location of operations
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
EM-EP-000.B EM-EP-000.C
Comments
3
GRI Indicator
102-5
Disclosure Title
Ownership and legal form
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
4
GRI Indicator
102-6
Disclosure Title
Markets served
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
5
GRI Indicator
102-7
Disclosure Title
Scale of the organization
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
6
GRI Indicator
102-8
Disclosure Title
Information on employees and other workers
GRI Status
UNGC Principle(s) :
3, 10
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
7
GRI Indicator
102-9
Disclosure Title
Supply chain
GRI Status
UNGC Principle(s) :
3, 10
IPIECA Indicator(s) :
SASB Indicator(s) :
8
GRI Indicator
102-10
Disclosure Title
Significant changes to the organization and its supply chain
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
9
GRI Indicator
102-11
Disclosure Title
Precautionary principle or approach
Reference
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
In keeping with a precautionary approach, we evaluate identified risks and develop and implement mitigation plans as part of our enterprise risk management and new country entry processes. We also use environmental and social screening tools and conduct environmental and social impact assessments for major new projects.
10
GRI Indicator
102-12
Disclosure Title
External initiatives
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
11
GRI Indicator
102-13
Disclosure Title
Membership of associations
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
Our memberships in industry and business associations further our knowledge, understanding and ability to address issues that impact our business. These memberships enable us to benchmark and share best practices with sector peers, contribute to guidance documents on environmental and social issues and access tools to manage those issues.
To understand trends in regional markets, we belong to regional industry and business associations, local chambers of commerce, building associations and state petroleum and gas associations.
12
GRI Indicator
102-14
Disclosure Title
Statement from senior decision-maker
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
13
GRI Indicator
102-15
Disclosure Title
Key impacts, risks and opportunities
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
14
GRI Indicator
102-16
Disclosure Title
Values, principles, standards and norms of behavior
GRI Status
UNGC Principle(s) :
10
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
15
GRI Indicator
102-17
Disclosure Title
Mechanisms for advice and concerns about ethics
GRI Status
UNGC Principle(s) :
10
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
See pages 6 and 7 of our Code of Business Conduct and Ethics.
16
GRI Indicator
102-18
Disclosure Title
Governance structure
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
17
GRI Indicator
102-19
Disclosure Title
Delegating authority
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
18
GRI Indicator
102-20
Disclosure Title
Executive-level responsibility for economic, environmental and social topics
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
19
GRI Indicator
102-21
Disclosure Title
Consulting stakeholders on economic, environmental and social topics
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
See our 2020 Proxy Statement – Form DEF 14A for a description of the Stockholder and Interested Party Communications process (page 9).
20
GRI Indicator
102-22
Disclosure Title
Composition of the highest governance body and its committees
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
See also the description in 405-1.
21
GRI Indicator
102-23
Disclosure Title
Chair of the highest governance body
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
The Chairman of the Board, Mr. James H. Quigley, is an independent, nonexecutive director. Refer to page 8 of the 2020 Proxy Statement – Form DEF 14A.
22
GRI Indicator
102-24
Disclosure Title
Nominating and selecting the highest governance body
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
23
GRI Indicator
102-25
Disclosure Title
Conflicts of interest
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
24
GRI Indicator
102-26
Disclosure Title
Role of highest governance body in setting purpose, values and strategy
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
25
GRI Indicator
102-27
Disclosure Title
Collective knowledge of the highest governance body
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
26
GRI Indicator
102-28
Disclosure Title
Evaluating the highest governance body’s performance
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
27
GRI Indicator
102-29
Disclosure Title
Identifying and managing economic, environmental and social impacts
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
28
GRI Indicator
102-30
Disclosure Title
Effectiveness of risk management processes
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
29
GRI Indicator
102-31
Disclosure Title
Review of economic, environmental and social topics
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
The Environment, Health and Safety (EHS) Committee of the Board of Directors met four times in 2019. The full Board of Directors met nine times in 2019.
30
GRI Indicator
102-32
Disclosure Title
Highest governance body’s role in sustainability reporting
Reference
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
Hess’ sustainability report is reviewed by the EHS Committee of the Board of Directors, as well as by our Chief Executive Officer.
31
GRI Indicator
102-33
Disclosure Title
Communicating critical concerns
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
See our 2020 Proxy Statement – Form DEF 14A for a description of the Stockholder and Interested Party Communications process (page 9).
32
GRI Indicator
102-35
Disclosure Title
Remuneration policies
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
Linkage between compensation for members of the highest governance body and the organization’s performance is stated in the Hess Corporation Compensation and Management Development Committee Charter.
Discussion of the linkage between compensation for members of the highest governance body, senior managers and executives and the organization’s performance is also included in the annual Proxy Statement – Form DEF 14A, as follows:
• Director compensation: page 19
• CEO and other Named Executive Officer compensation process and results: pages 20–46
• Changes in payout philosophy and actions taken in response to stockholder outreach: page 25
• Compensation principles (including “Safety and Sustainability”): pages 26–33
• Cash bonus plan for EHS metrics: pages 27-31
• EHS metrics components and percent of 2019 bonus for each NEO: page 27-31.
34
GRI Indicator
102-36
Disclosure Title
Process for determining remuneration
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
The roles and responsibilities of the Board of Directors’ Compensation and Management Development Committee are described on page 10 of our 2020 Proxy Statement – Form DEF 14A. Our key compensation practices, including the use of compensation consultants, are listed on pages 20–36. See page 33 for a description of our process for determining compensation and the role of compensation consultants.
35
GRI Indicator
102-37
Disclosure Title
Stakeholders’ involvement in remuneration
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
See our 2020 Proxy Statement – Form DEF 14A for a description of the Stockholder and Interested Party Communications process (page 9).
36
GRI Indicator
102-40
Disclosure Title
List of stakeholder groups
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
39
GRI Indicator
102-41
Disclosure Title
Collective bargaining agreements
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
At year end 2019, less than 3% of employees were represented by collective bargaining agreements.
40
GRI Indicator
102-42
Disclosure Title
Identifying and selecting stakeholders
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
41
GRI Indicator
102-43
Disclosure Title
Approach to stakeholder engagement
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
The frequency of our engagement varies by stakeholder and issue. For example, we meet with landowners on a regular basis and increase the frequency of those engagements if needed based on the key issues for these stakeholders. Our engagement frequency with other stakeholders is determined on a risk basis.
42
GRI Indicator
102-44
Disclosure Title
Key topics and concerns raised
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
See the SR pages 6–7 for materiality determination, including how we incorporate stakeholder feedback into our reporting process and the resulting material issues. See pages 22–23 for information about our stakeholder engagement process. See
hess.com/sustainability/social-responsibility/stakeholder-engagement for engagement examples by stakeholder type, including indigenous groups.
43
GRI Indicator
102-45
Disclosure Title
Entities included in the consolidated financial statements
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
44
GRI Indicator
102-46
Disclosure Title
Defining report content and topic Boundaries
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
45
GRI Indicator
102-47
Disclosure Title
List of material topics
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
46
GRI Indicator
102-48
Disclosure Title
Restatements of information
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
47
GRI Indicator
102-49
Disclosure Title
Changes in reporting
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
48
GRI Indicator
102-50
Disclosure Title
Reporting period
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
49
GRI Indicator
102-51
Disclosure Title
Date of most recent report
Reference
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
Hess’ most recent previous report was the 2018 SR, released in 2019.
50
GRI Indicator
102-52
Disclosure Title
Reporting cycle
Reference
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
Hess publishes a sustainability report on an annual basis.
51
GRI Indicator
102-53
Disclosure Title
Contact point for questions regarding the report
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
52
GRI Indicator
102-54
Disclosure Title
Claims of reporting in accordance with the GRI Standards
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
53
GRI Indicator
102-55
Disclosure Title
GRI content index
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
54
GRI Indicator
102-56
Disclosure Title
External assurance
GRI Status
UNGC Principle(s) :
IPIECA Indicator(s) :
SASB Indicator(s) :
Comments
Hess’ practice is to have our sustainability report assured by a third party on an annual basis. The assurance effort includes a review of our sustainability data and self-declared GRI “in accordance” option.
55