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Stakeholder Engagement As A Sustainability Vehicle

Collaboration is crucial in the delivery of our sustainability open dialogue and timely sharing of information in order to
goals. At Waltersmith, we believe that stakeholder build trust and effective alliances between all parties. The
engagement plays a fundamental role in how we run our importance of all these ingredients is vital to ensuring that we
business and operations. Stakeholder engagement is deliver on our mission to responsibly develop hydrocarbons
important in order to understand the needs of our for the benefit of humanity and become the leading
stakeholders, how we can best take into consideration their integrated energy company in Nigeria.

needs, identify potential gaps and build long-term mutually
beneficial relationships. Our engagements take place as the need arises and there is
no one-size-fits-all approach in terms of the engagement
To this end, we believe that continuous stakeholder frequency. A detailed overview of our stakeholder
engagement with our key stakeholders provide the much engagement strategy is presented in the table with additional
needed FTO for our business operations, and can be crucial details provided throughout this report.
to the success or failure of our activities. The absence of
stakeholder engagement can be a recipe for unmitigated
disaster and where strategic stakeholder engagement is

carried out, the impact provides long term
solutions for all parties.
INTERNAL EXTERNAL

Our key stakeholders include our employees, o Employees o Host communities and
shareholders, customers, host communities, o The Board Waltersmith’s their leaders
regulatory authorities, etc. We employ different o Shareholders Stakeholder o Regulatory agencies
Categories o Customers/clients
engagement and communication channels to
o Media
ensure that our engagement strategy is effective o Contractors
and efficient and able to understand and
articulate the various needs and concerns of our
stakeholders. At Waltersmith, we emphasize the

importance of effective networking, as well as honest and

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