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FELLOW STAKEHOLDERS
I am pleased to present Kosmos Energy’s second
annual Corporate Responsibility Report and my first as
Chairman and CEO. At Kosmos, we recognize that we
must be as good above ground as we are exploring below
it to earn the respect and trust of host governments, the
communities where we operate, and other stakeholders
whose lives may be affected by our work. Corporate
responsibility is a core part of our strategy.
The theme of this year’s report – Open
– represents our recognition that being
a great explorer with deep expertise is
not enough to be successful. We aim to
become a partner of choice for our host
governments and the communities where
we live and work. To achieve this goal, we
must build relationships with stakeholders
that are based on openness. For Kosmos,
this means:
• e are open to having meaningful
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dialogues with our stakeholders about
the challenges inherent in exploring
for oil and gas in frontier areas. We
believe listening and engaging in
debate deepens our understanding of
the issues, even when we disagree.
• e are open to new ideas about
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social investment in the places where
we operate, knowing that a one-sizefits-all approach won’t meet the diverse needs of our host communities.
Andrew (Andy) G. Inglis
Chairman of the Board and
Chief Executive Officer
• e are open about our business dealW
ings with governments because transparency builds trust and accountability. It provides public assurance that
hydrocarbon resources are developed
responsibly, with the benefits going to
the people of our host countries.
• e are open about our successes and
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shortcomings. We are not perfect. We
know that we may not reach every
goal we set, but we will always give it
our best effort. And we will be open
about our performance because accountability makes us better.
As you will see from the real-life examples
in the following pages, Kosmos has made
significant progress in integrating corporate responsibility into its day-to-day
business activities, in pursuit of its goal of
becoming a partner of choice.
Tracking Our Progress
In last year’s report, Kosmos set an ambitious agenda for 2013. We pledged to
strengthen our policy framework, improve
our governance of corporate responsibility,
and manage human rights. I am pleased to
report that a lot was achieved.
At the corporate level, we strengthened our
policy framework by adopting and introducing a set of Business Principles which
guide how we do business and inform our
decision-making. We held training sessions
in each location to educate our people and
set expectations regarding how Kosmos
conducts its affairs. The Business Principles have been enthusiastically embraced
by our people around the world.