Kosmos Energy Releases 2013 Corporate Responsibility Report
29.05.2014 | Business Wire
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) today announced the release of its 2013 Corporate Responsibility Report outlining its non-financial performance and its actions to promote economic, social and environmental sustainability.
“At Kosmos, corporate responsibility is a core part of our strategy for becoming a partner of choice,” said Andrew G. Inglis, Kosmos’ chairman and chief executive officer. “We recognize that we must be as good above ground as we are exploring below it to earn the respect and trust of our host governments, the communities where we operate, and other stakeholders whose lives may be affected by our work.”
Kosmos set an ambitious agenda for its 2013 corporate responsibility program, pledging to strengthen its policy framework, improve governance, and manage human rights. By sharing performance data and real-life examples from Kosmos’ operations around the world, the report highlights the company’s progress in these and other key areas.
Highlighted performance and initiatives throughout 2013 include:
- Deepening our commitment to protecting human rights by joining the United Nations Global Compact, adopting the United Nations Guiding Principles on Business and Human Rights as a touchstone for measuring performance, and beginning the implementation of the Voluntary Principles on Security and Human Rights;
- Entering into a Joint Declaration of Principles with the Office National des Hydrocarbures et des Mines (“ONHYM”), on behalf of the Government of Morocco, setting out our joint commitments regarding our exploration activities in the Cap Boujdour block offshore Western Sahara and the key principles under which hydrocarbon development would proceed, if any commercially viable deposits are discovered;
- Introducing and implementing our Business Principles into our day-to-day business operations;
- Continuing with our social investment program in Cameroon in spite of discontinuing our exploration operations in the country.
More information about the 2013 Corporate Responsibility Report, the company’s Business Principles, and Kosmos’ commitment to being a force for good can be found at www.kosmosenergy.com.
This is the company’s second Corporate Responsibility Report following on from its inaugural 2012 report published in May 2013. Kosmos plans to continue reporting on its environmental and social performance annually.
About Kosmos Energy
Kosmos Energy is a leading independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. Our assets include existing production and other major development projects offshore Ghana, as well as exploration licenses with significant hydrocarbon potential offshore Ireland, Mauritania, Morocco, Suriname, and Western Sahara. As an ethical and transparent company, Kosmos is committed to doing things the right way. The company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos 2013 Corporate Responsibility Report. Kosmos is listed on the New York Stock Exchange and is traded under the ticker symbol KOS. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Contact
Kosmos Energy Ltd.
Investor Relations
Jon Cappon, +1-214-445-9669
jcappon@kosmosenergy.com
or
Media Relations
Thomas Golembeski, +1-214-445-9674
tgolembeski@kosmosenergy.com