Engagement is a critical part of our business. We want those who have a vested interest in our company to understand who we are and how we do business. We also want to hear what they have to say about our company and our industry. These interactions allow us to build our strategy, mitigate concerns raised by our stakeholders and help us be better at what we do.

Cenovus regularly engages with stakeholders and peers through a variety of means and collaborative efforts. These collaborations can include the following:

  • Regular meetings
  • Partnerships with and memberships in associations or organizations
  • Participation in working committees in an advisory role or serving on an organization’s board of directors

In addition to these collaborations, we also support and participate in a number of externally developed economic, environmental and social charters, principles and other initiatives, some of which include:

  • Carbon Disclosure Project (carbon, water submissions)
  • Dow Jones Sustainability Index
  • CAPP Responsible Canadian Energy Program
  • Coalition for a Safer 63/881
  • United Nations Declaration on Rights of Indigenous Peoples
  • Universal Declaration of Human Rights in the context of current Canadian Law
  • Global Reporting Initiative (CR report preparation)

These opportunities provide Cenovus with exposure to new ideas and expertise which can help inform our understanding of the key issues that exist for our company and our stakeholders and can support the development of new solutions to address those issues. Our collaborative efforts and partnerships also provide us with the opportunity to share our own perspective and expertise, allowing others to understand and benefit from our learnings and experience. We may not always agree with all of the positions that these organizations take, but we use our affiliations with these groups to help shape our views, inform their views and advocate for the positions we support.

We identify groups for collaboration and partnership based on a number of factors, some of which include their proximity to our operating locations, expertise and interest in material issues for our company, investments in our company and regulatory requirements.

Below is a summary of some of key stakeholder groups we engaged with in 2015. Our interactions with these stakeholders can vary in frequency from daily to monthly to annually.

Stakeholder How we engage Common topics of engagement/interest Examples of partnerships and memberships
Investors
  • Meetings with institutional shareholders and bondholders, and research analysts in North America and Europe
  • Quarterly conference calls
  • Annual meeting of shareholders
  • Tours of our operations
  • Annual and corporate responsibility reports
  • Participation in external benchmarking initiatives like the DJSI Corporate Sustainability Assessment
  • Financial and operating performance
  • Governance performance including our environmental and social practices
 
Government and regulators
  • Meetings with government officials, answering questions and providing balanced information about our business (reported through lobbying registries)
  • Tours of our operations
  • Regulatory engagement process and reporting
  • Participation on advisory committees
  • Government policy consultations (typically through CAPP)

Note: all political contributions meet federal and provincial regulations.

  • National and provincial regulatory and policy frameworks affecting oil and gas development
  • Climate change policy
  • Market access
  • Project updates
  • Royalty regimes applicable to our sector
  • Economic benefit of oil and gas development
  • Regulatory compliance
  • Improving environmental performance
  • Advisory Council for Economic Growth
Employees and contractors
  • Company-wide staff forum
  • Internal intranet
  • Team information sessions
  • Onboarding program for new employees
  • Performance agreements
  • Career development plans
  • Innovation Summit
  • Social media channels
  • Organizational change
  • Company performance
  • Performance management
  • Policies and training
  • Financial performance
  • Business strategy
  • Operational performance
  • Career planning
  • Training and development
  • Environmental performance
  • Volunteer opportunities
  • Safety information
  • Wellness initiatives
  • Integrity Helpline
  • Catalyst
Local communities
  • Meetings and open houses to consult with stakeholders and landowners in our operating areas
  • Supporting local initiatives and work opportunities
  • Community investment
  • Participating in community events
  • Employee volunteering and giving
  • Tours of our operations
  • Social media channels
  • Expect Respect™ and Integrity Helpline
  • Project consultation
  • Local business and employment opportunities
  • Community initiatives
  • Environmental impacts and performance of our operations
  • Support for social infrastructure and programs
  • Respectful workplace practices in the community and being a good neighbour, concerns associated with oil and gas operations such as noise, dust and speeding
  • Training and development
  • Alberta’s Promise
  • London Benchmarking Group (LBG)
  • Imagine Canada
Aboriginal communities
  • Meetings with community business development offices
  • Implementation meetings for long-term agreements (which includes regular meetings at a senior leader level)
  • Supporting community initiatives
  • Participating in community events
  • Hosting tours of our operations
  • Social media channels
  • Expect Respect™ and Integrity Helpline
  • Project consultation
  • Meeting commitments in agreements
  • Local business and employment opportunities
  • Community investment
  • Environmental impacts and performance
  • Respectful workplace practices in the community
  • Training and development
  • Employment Bridging Internship Program
Non-government organizations (NGOs)
  • Meetings with organizations to understand concerns and mutual interests, share perspectives and become more involved in ongoing discussions about our industry and collaborate on initiatives to generate engagement on key industry topics
  • Hosting tours of our operations
  • Serving as board members
  • Providing financial support through business sponsorships
  • Social and environmental performance of our operations
  • Risk management and mitigation
  • Climate change
  • Corporate responsibility reporting
  • Environmental innovation and stewardship
  • Market access
  • Energy education
  • Technology and innovation development
  • Public Policy Forum
  • Canadian Business for Social Responsibility (CBSR)
  • Canadian Council for Aboriginal Business (CCAB)
  • Resource Works Society
Associations and industry committees
  • Memberships in various professional and industry associations
  • Improving environmental performance
  • Market access
  • Technology and innovation development
  • Health and safety standards
  • Energy education
  • Regulatory compliance
  • Canada’s Oil Sands Innovation Alliance (COSIA) (representation on several committees)
  • Canadian Association of Petroleum Producers (CAPP) (participation on several committees)
  • Business Council of Canada (BCC)
  • National Freight Transportation Assoc. (N.F.T.A)
  • Alberta Chamber of Resources (ACR)
  • American Fuel & Petrochemical Manufacturers (AFPM)
  • Canadian Society for Unconventional Resources (CSUR)
  • Northeast Capital Industrial Association (NCIA)
Economic development
  • Memberships in national, regional and local economic development agencies and chambers of commerce
  • Attracting business investment, fostering trade and economic growth
  • Innovation and competitiveness
  • Human capital and social development
  • Trade and investment
  • Corporate and public governance
  • Energy and the environment
  • Macroeconomic fiscal policy
  • Business Council of Canada (BCC)
  • The Vancouver Board of Trade
  • Pacific NorthWest Economic Region (PNWER)
  • Saskatchewan Chamber of Commerce
  • Business Council of British Columbia (BCBC)
  • Calgary Economic Development
  • Local Chambers of Commerce for Calgary, Bonnyville, Cold Lake, Lake La Biche, Medicine Hat, Drumheller
Business partners
  • Meetings with our business partners
  • Meetings with the companies we invest in through the Cenovus Environmental Opportunity Fund
  • Hosting tours of our operations
  • Responsible development
  • Market access
  • Improving environmental performance
  • Technology and innovation development
  • Regulatory compliance
  • Health and safety standards
  • Financial and operating performance
  • Capital investment
  • Safety performance
  • ConocoPhillips
  • Phillips 66
  • General Fusion
Suppliers
  • Meetings
  • Vendor forums for various sourcing activities
  • Relationship management
  • Contractual terms (i.e. rates)
  • Qualification and re-qualification process
  • Safety and environmental performance
  • Business ethics
  • Local business development
  • Capacity building
 
Academic institutions and think tanks
  • Researching concepts and projects in collaboration with industry associations, research consortia and academic institutions
  • Field trials of specific environmental mitigation measures (technologies, practices) in partnership with third-party institutions to evaluate or demonstrate feasibility and effectiveness
  • Hosting tours of our operations
  • Providing funding for industry-related programs and facilities
  • Capital funding to support infrastructure expansions
  • Research
  • Technology development
  • Climate change
  • Career training
  • Workforce development
  • University of Alberta Research Chair in Energy and Environmental Systems Engineering
  • University of Calgary Chair in Canadian Plains Mitigation and Reclamation Research
Technology and clean tech industry
  • Sponsorships
  • Conference participation
  • Meetings with partners and innovators to fund and accelerate the development and commercialization of transformative energy solutions
  • Technology
  • Research and development
  • Climate change solutions
  • Evok Innovations
  • Sustainable Development Technology Canada (SDTC)
  • Alberta Innovates
  • Petroleum Technology Alliance Canada (PTAC)
  • Regional Industry Caribou Initiative
  • GLOBE conference
  • PROPEL conference
  • University of Calgary’s Energy New Ventures Competition
Media
  • News releases
  • Hosting tours of our operations
  • Media presentations and interviews
  • Social media channels
  • Broad range of issues reflecting all stakeholder interests