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Woodside Petroleum

Woodside Energy is a publicly listed company headquartered in Australia. It operates as a petroleum exploration and production company. It offers crude oil, natural gas and other petroleum products. Woodside is also Australia’s largest independent oil and gas company and the country’s main producer of liquefied natural gas (LNG). In 2022, its revenue was USD 16.8 billion and it had 4,400 employees.

Summary

Woodside Petroleum ranks 46th overall and 26th in the Extractives sector. It has a particular opportunity to improve on governance and policy commitments and embedding respect and due diligence.

Woodside Petroleum discloses its process to review its human rights strategy at board level, as well as its process to identify key human rights risks for the business. It also discloses examples of engaging with affected stakeholders on human rights issues, including communicating with stakeholders as part of the due diligence process.

The company has an opportunity to disclose the actions it takes to mitigate its salient human rights risks, as well as how it evaluates the effectiveness of these actions. It could also disclose its approach to providing remedy for adverse human rights impacts which it has caused or contributed to.

Ranking position: #46 /110
Total score: 21.6 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 1.9 /10	#60
Embedding respect and human rights due diligence	#1 5.4 /25	#55
Remedies and grievance mechanisms	#1 5.0 /20	#39
Performance: Practices	#1 5.6 /25	#42
Performance: Responses	#1 3.8 /20	#36

Sector
Extractives	#26

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2020

This company is part of the SDG2000, the 2,000 most influential companies

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