Reporting

Our commitment to environmental, social and governance (ESG) performance is key to how we work and approach sustainability at Cenovus. We recognize the importance of reporting in an open and accountable manner. We report information that’s required by law and regulation, and also voluntarily disclose information that more broadly describes our activities, policies, opportunities and risks. Our reporting is further guided by principles of accuracy, balance, clarity, comparability, reliability and timeliness.

In 2021 we released two ESG reports. The first report included performance metrics for both legacy Cenovus and legacy Husky for 2020, as well as historical data for Cenovus from 2016 to 2019. Our 2020 ESG report was subsequently released and includes our ESG targets, as well as proposed plans to achieve them and the performance metrics that underpin them.

Our reporting structure aligns with the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB) and IPIECA (formerly known as the International Petroleum Industry Environmental Conservation Association) reporting frameworks.

2020 environmental, social & governance report (PDF) 

ESG focus areas and targets
Learn more about our ESG focus areas and targets.
U.N. Sustainable Development Goals

Learn how Cenovus activities are contributing positively to the SDGs, and where we have opportunities to minimize our negative impact.

Get in touch

We want to hear from you. Let us know if you have a question about how we work or see an area where we could improve in our sustainability practices.

Sustainability@cenovus.com

CDP sustainability reporting

Cenovus and Husky participated in CDP in 2020, reflecting the 2019 reporting year. Due to the integration, we are pausing our submission for 2021 and will resume our participation as a combined company in 2022.

ESTMA reporting

Fostering Transparency and Anti-Corruption

On June 1, 2015, the Extractive Sector Transparency Measures Act (“the Act”) was brought into effect by the Canadian government. The Act requires companies in the business of the commercial development of crude oil, natural gas and minerals, such as Cenovus, to publicly disclose, on an annual basis, specific payments made to all governments in Canada and abroad.

We recognize that conducting our business in a responsible, ethical and respectful way requires a commitment to transparency with our stakeholders. We believe reporting payments to governments is an important way to increase trust with our stakeholders. The ESTMA report provides an overview of the payments made to governments by Cenovus and our subsidiaries and partnerships involved in the commercial development of crude oil and natural gas.

The Act is one of the ways Canada is delivering on its international commitment to contribute to global efforts to increase transparency and deter corruption in the extractive sector.

Read more about our payments to governments in our ESTMA report:

ESTMA report

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Fostering Transparency - Cenovus 2021 ESTMA Annual Report
ESTMA 2021 Annual Report (Natural Resources Canada Prescribed Format)
Fostering Transparency - Cenovus 2020 ESTMA Annual Report
ESTMA 2020 Annual Report (Natural Resources Canada Prescribed Format)
Fostering Transparency - Cenovus 2019 ESTMA Annual Report
ESTMA 2019 Annual Report (Natural Resources Canada Prescribed Format)
Fostering Transparency - Cenovus 2018 ESTMA Annual Report
ESTMA 2018 Annual Report (Natural Resources Canada Prescribed Format)
Fostering Transparency - Cenovus 2017 ESTMA Annual Report
ESTMA 2017 Annual Report (Natural Resources Canada Prescribed Format)
Fostering Transparency - Cenovus 2016 ESTMA Annual Report
ESTMA 2016 Annual Report (Natural Resources Canada Prescribed Format)
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