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Anadarko Sustainability Report 2013

RESOLVED: that the shareholders of Anadarko Petroleum Corporation (“Anadarko” or “the company”) request that the Board of Directors prepare a sustainability report that includes strategies to reduce greenhouse gas emissions, addresses energy efficiency measures as well as other environmental and social impacts, such as water use and worker safety. The report, prepared at reasonable cost and omitting proprietary information, should be published and made available to the public by the end of 2013.
 
SUPPORTING STATEMENT
 
A growing number of investors view companies that are considered good employers, environmental stewards, and corporate citizens as more likely to generate stronger financial returns, better respond to emerging issues, and enjoy long-term success. A 2010 survey by proxy advisor Institutional Shareholder Services found that 83% of investor respondents believed that environmental and social factors can significantly affect long-term shareholder value. A 2011 study by Harvard Business School’s Robert Eccles and two co-authors found that “high sustainability” companies—early voluntary adopters of environmental and social policies out performed “low sustainability” companies in terms of both stock market and accounting performance over an 18-year period. (Robert Eccles et al., “The Impact of a Corporate Culture of Sustainability on Corporate Behavior and Performance,” at 28-3 I (working paper Nov. 2011)
 
The importance assigned to these issues is reflected in the growth of groups such as the Investor Network on Climate Risk (INCR), which is comprised of over 100 investors with assets totaling $10 trillion (www.ceres.org/incr), and the UN Principles for Responsible Investment, whose 915 signatories (as of October 2011) have assets under management of approximately $30 trillion. 
 
Accordingly, it is unsurprising that other major oil and gas companies such as Hess Corporation have led in this area through the publication of comprehensive sustainability reports addressing environmental stewardship, water use, worker safety standards and other related issues.  We recognize that the Company has reported to shareholders on its website its green house gas emissions, but to date has not produced a comprehensive sustainability report.
 
We recommend that the company use the Global Reporting initiative’s (“GRI’s”) Sustainability Reporting Guidelines to prepare the sustainability report. The GRI is an international organization developed with representatives from the business, environmental, human rights and labor communities; its guidelines provide a flexible reporting system that allows the omission of content that is not relevant to company operations. The GRI provides a supplement to its reporting framework specifically geared toward the construction and real estate sectors.
 
We urge shareholders to vote for this proposal.