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
Biodiversity
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:

  • Our five ESG focus areas

    CLIMATE & GHG EMISSIONS

    Reduce absolute GHG emissions by 35% by year-end 2035.

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

    WATER STEWARDSHIP

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

    BIODIVERSITY

    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.

    INDIGENOUS RECONCILIATION

    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.

    INCLUSION & DIVERSITY

    Increase women in leadership roles1 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 groups2 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.

    1 Leadership roles include Team Lead/Coordinator/Supervisor positions or above.
    2 Designated groups are defined as women, Aboriginal peoples, persons with disabilities and members of visible minorities.

Environment
Environment
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Brookfield Place event
Social
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Christina Lake
Governance
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Safety
Health & safety
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Innovation and technology
Innovation & technology
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Reporting
Reporting
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Sustainability in action

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