When it comes to creating a sustainability plan, ConocoPhillips contemplates a range of knowledge and information on the external context when assessing the proper actions to take. The action plans include current procedure on external background, current status of how issues are being addressed by the company, and future plans to achieve the goals instated in the company action plan. Contemplating and solving an issue may begin with improving the current comprehension of the issue. The next step would include developing measurements of important data or determining hazards and opportunities …show more content…
Business Unit Action Plans are also created to outline goals, targets, objectives and primary actions in additional detail, and to be reactive to the preferences of the business, collaborators, and capital in that region. In understanding the action plan, there are four main focus areas. These focus areas include understanding the company’s footprint, governing operations and projects, managing risk and opportunity exposure, and engaging externally (Climate Change Action Plan,