Sustainability at Cenovus
Sustainability at Cenovus
Sustainability has always been deeply engrained in Cenovus’s culture. See how we remain committed to world-class safety performance and environmental, social and governance (ESG) leadership.
Climate & GHG emissions
Supporting the transition to a lower carbon economy
Water stewardship
Using water in an environmentally sustainable manner
Addressing ecological, wildlife and land use impacts
Indigenous Reconciliation
Ongoing engagement to increase opportunities and understanding
Inclusion & diversity
Building a sense of belonging through active participation

Our ESG focus areas & targets

Working with global experts, we conducted a robust ESG materiality assessment to determine our focus areas. Recognizing that safety & asset integrity and governance remain foundational to all that we do, five ESG focus areas have been identified. We established targets in each of our focus areas that we believe are meaningful and ambitious yet achievable:

  • Our five ESG focus areas


    Reduce absolute GHG emissions by 35% by year-end 2035.1

    Reach long-term ambition for net zero emissions by 2050.


    Reduce fresh water intensity by 20% in oil sands and in thermal operations by year-end 2030.


    Reclaim 3,000 decommissioned well sites by year-end 2025.

    Restore more habitat than we use in the Cold Lake caribou range by year-end 2030.


    Achieve a minimum of $1.2 billion of spending with Indigenous businesses between 2019 and year-end 2025.

    Attain Progressive Aboriginal Relations gold certification from the Canadian Council for Aboriginal Business by year-end 2025.


    Increase women in leadership roles2 to 30% by year-end 2030.

    Conduct a self-identification survey by year-end 2022; add diversity target beyond gender in 2023.

    Aspire to have at least 40% representation from designated groups3 among non-management directors. including at least 10% women by year-end 2025.

    Note: Targets include start year: 2019 for emissions, water intensity, well reclamation and Indigenous business spend; 2016 for caribou habitat restoration.

    Emissions reductions are in reference to scope 1 and 2, on a net equity basis.
    2 Leadership roles include Team Lead/Coordinator/Supervisor positions or above.
    3 Designated groups are defined as women, Indigenous peoples, persons with disabilities and members of visible minorities.

  • ESG report

    Read our environmental, social & governance (ESG) report to learn more about our ESG targets and performance.

Learn More
Brookfield Place event
Learn More
Christina Lake
Learn More
Health & safety
Learn More
Innovation and technology
Innovation & technology
Learn More
Learn More

Sustainability in action

Cookies help us improve your website experience.
By using our website, you agree to our use of cookies.