Material topics and our approach to reporting
Our approach to reporting
We’ve continued to advance our approach to corporate responsibility reporting by reviewing our performance indicators and reporting process annually to help ensure alignment with stakeholder expectations and our business strategy.
We’ve organized our report by major sustainability themes, including governance, innovation, environment, people, community and economy, followed by our data and the Global Reporting Initiative (GRI) index.
One method that we use to identify corporate responsibility issues that could have a significant impact on our business is a materiality assessment. This assessment is based on engagement with our key external stakeholders, which takes place regularly throughout the year, as well as the input of internal stakeholders and subject matter experts. The materiality assessment process helps us to better understand the issues that are of significant interest to stakeholders from a governance, social, environmental or economic perspective. It helps us build our strategy, mitigate concerns raised by our stakeholders and be better at what we do.
We also include performance indicators in our materiality assessment to provide an update on our progress as well as on some of the initiatives and innovations we are working on. You will also see greater use of links throughout the report to provide additional information already disclosed through our website and other company reports.
The data, charts and materiality in this report are based on available information from January 1, 2011 through December 31, 2016. Some of the stories we’ve highlighted cover activities that happened across the company up to April 30, 2017. The materiality assessment for next year’s report will include changes in our operations.
Cenovus's corporate responsibility report has been prepared in accordance with the Global Reporting Initiative (GRI) G4 guidelines to the ‘Core’ option. We also align our performance metrics with the standards set out by the Canadian Association of Petroleum Producers’ Responsible Canadian Energy Program.
Our materiality assessment helps identify corporate responsibility issues that could have a significant impact on our business. We engage with our key internal and external stakeholders to identify topics that are of significant interest to them from a governance, social, environmental or economic perspective.