Indigenous reconciliation
Cenovus works closely with Indigenous communities near our operations to ensure they share in the benefits of resource development. We believe advancing Indigenous reconciliation means taking meaningful action. For Cenovus, that includes consultation, building trust and enabling long term economic and social value by supporting Indigenous businesses, helping ensure communities benefit from having us as a neighbour. That’s why we’ve developed ambitious Indigenous reconciliation targets for our business.
Our Indigenous reconciliation targets and progress
Target
Achieve a minimum of
$1.2 billion of spending with
Indigenous businesses between
2019 and year-end 2025.
$1.2 billion of spending with
Indigenous businesses between
2019 and year-end 2025.
2022
$395 million
new
2019‑2022
$1 billion
cumulative
2022 KEY INITIATIVES
88%
of the way to our minimum target spend
- Record annual Indigenous business spend at Sunrise oil sands asset and in Lloydminster region.
Target
Attain gold
Progressive Aboriginal Relations (PAR) certification
from the Canadian Council for Aboriginal Business (CCAB)
by year-end 2025.
Progressive Aboriginal Relations (PAR) certification
from the Canadian Council for Aboriginal Business (CCAB)
by year-end 2025.
Phase
2 of 3
complete
2022 KEY INITIATIVES
- Completed Phase 2 assessment and submitted for evaluation by CCAB PAR verifier.
1 Represents actions that Cenovus has taken or intends to take during the 12 months ending December 31, 2023.
Indigenous reconciliation at a glance
- We’ve spent more than $4 billion on goods and services provided by Indigenous businesses since 2009.
- All Cenovus staff in Canada must complete Indigenous awareness training.
- In 2021 we launched an Indigenous Relations Policy.
- We have more than a dozen benefit agreements with Indigenous communities.
Learn more
- Our Indigenous reconciliation targets and progress in our ESG report.
- Through our Indigenous Housing Initiative we address one of the most pressing issues facing Indigenous communities in Canada – a lack of adequate housing.
- We work with Indigenous businesses in our operating areas to explore opportunities for providing goods and services to support our activities.
- For complete details about Cenovus’s overall approach to sustainability, and our targets and performance, see our latest ESG report.