Common use of Social Responsibility Clause in Contracts

Social Responsibility. the Contracted Party is responsible for the impacts of its decisions and activities on society and the environment through an ethical and transparent behavior that (i) contributes to sustainable development, including the health and well-being of society, and takes into account the stakeholders’ expectations; (ii) is in compliance with the Best Practices of the Oil Industry; and (iii) is integrated into the Contracted Party and applied in its relationships related to the Contracted Party’s activities within its sphere of influence.

Social Responsibility. the Contracted Party is responsible for the impacts of its decisions and previous and current activities on society and the environment through an ethical and transparent behavior that (i) contributes to sustainable development, including the health and well-being of society, and ; takes into account the stakeholders’ expectations; (ii) is in compliance complies with the Best Practices Applicable Laws and Regulations and is consistent with the international rules of the Oil Industrybehavior; and (iii) is integrated into the Contracted Party and applied shown in its relationships related to the Contracted Party’s activities within its sphere of influence.

Social Responsibility. the Contracted Party is responsible Parties responsibility for the impacts of its decisions and activities on the society and the environment environment, through an ethical and transparent behavior that (i) contributes to the sustainable development, including the health and well-being wellness of the society, and takes into account expectations of the stakeholders’ expectations; (ii) is in compliance with the Best Practices of the Oil Industry; and (iii) is integrated into the Contracted Party Parties and applied shown in its relationships related to the Contracted Party’s Parties activities within its sphere of influence.