SERC Management Approach
Our SERC Management System helps us better manage risks and drives continuous performance improvements across the organization. The approach delivers systematic and repeatable safety, environmental and regulatory compliance outcomes with benefits that are far-reaching and promote a positive SERC culture. We continue to promote and endorse the system—emphasizing awareness, compliance and competency.
Annual Incentive Plan
Our 2018 Corporate Responsibility goals, which emphasize safety and environmental efforts, now comprise 12.5% of the total AIP award metrics for our executive officers. We include aspects of safety and environmental stewardship such as our total recordable incident rate, safety observations, contractor capabilities, air emissions, leak detection and repair, water recycling and our fluid spill rate. Additionally, CR and SERC metrics always have played a role in our employee review and promotion processes. See our 2018 proxy for more information.
Board Level Involvement
We have a Board-level liaison who provides guidance to our management on the CR process and its development. The Board liaison meets with the CR team periodically to discuss the latest updates and provide guidance on potential enhancements or modifications and keeps the Board apprised of our CR progress. Our leadership team works proactively with the Board on the CR process. We maintain CR accountability through programs, policies, systems, controls, stakeholder-relationship management and performance evaluations. Our Board is fully engaged and supports the Company’s commitment to sustainability throughout our operations.