Sustainability at Cenovus

Cenovus is committed to top-tier safety performance and environmental, social and governance (ESG) leadership. This includes ongoing disclosure of transparent performance reporting, 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 and shareholders.

We have set ambitious, achievable targets for each of our five ESG focus areas, including reducing our absolute emissions, using less water, reclaiming more land, supporting Indigenous reconciliation and increasing the number of women in leadership positions. Read more about our targets and how we plan to achieve them in our 2020 ESG report. Our approach to sustainability is further supported and reflected in our revised Sustainability Policy and our new Human Rights Policy.

ESG focus areas & targets

We’ve identified targets related to each of our five ESG focus areas.

Safety & asset integrity

We value safety above all else. Safety is ingrained in our culture and reinforced in every decision we make.

Collaboration & partnerships

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

Social investment

We understand that we play an important role in helping to solve some of society’s biggest challenges and are committed to making social investments.

Governance

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

Sustainability reporting

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