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Corporate responsibility at Cenovus

Sustainability at Cenovus

Sustainability has always been deeply engrained in Cenovus’s culture and with the acquisition of Husky Energy on January 1, 2021, it continues to be fundamental to the work we do as a combined company. It means creating a safe and inclusive workplace, partnering with local and Indigenous communities, and innovating to minimize our impact on the environment. We believe striking the right balance among environmental, economic and social considerations creates long-term value for our business operations and shareholders. Our approach to sustainability is further supported and reflected in our revised Sustainability Policy and our new Human Rights Policy.

Cenovus remains committed to world-class safety performance and environmental, social and governance (ESG) leadership. This includes ongoing disclosure of transparent performance reporting, an ambition to achieve net zero emissions by 2050 and a plan to set ambitious new ESG targets for the combined company.

Environment

ESG focus areas

We’ve identified five ESG focus areas: climate & GHG emissions, water stewardship, biodiversity, Indigenous reconciliation and inclusion & diversity.

Safety

Safety

Safety is a core value that informs all the decisions we make. We want everyone to return home safely to their families at the end of the day.

Collaboration & partnerships

Collaboration & partnerships

Cenovus collaborates with industry peers and partners with other industries on sustainability initiatives.

Community investment

Community investment

We're striving to ensure the communities where we live and work are better off as a result of us being there.

Governance

Governance

We recognize that delivering long-term shareholder value requires operating responsibly and requires strong governance.

Sustainability reporting

Sustainability reporting

We report on our sustainability initiatives in a transparent and accountable manner that disclose our activities, policies, opportunities and risks.