Environmental, social & governance reporting
A balanced approach
Our commitment to environmental, social and governance (ESG) performance is key to how we work. At Cenovus, sustainability is essential to the way we do business. It means addressing our GHG emissions, innovating to minimize our impact on the environment, creating a safe and inclusive workplace and partnering with local and Indigenous communities. We believe striking the right balance among environmental, economic and social considerations creates long-term value and resilience.
We recognize the importance of reporting in an open and accountable way. We disclose the information that’s required by law and regulation, and also voluntarily disclose information that more broadly describes our activities, policies, opportunities and risks.
Our 2019 ESG report is aligned with the recommendations of the Task Force for Climate-related Financial Disclosure. For this report, we have incorporated discussion points and metrics outlined by the SASB Oil & Gas – Exploration & Production Standard (October 2018) and have included references to the United Nations Sustainable Development Goals. In addition, we continue to include elements of the globally recognized Global Reporting Initiative as well as various guidelines from the Canadian Association of Petroleum Producers.
Our reporting is further guided by principles of accuracy, balance, clarity, comparability, reliability and timeliness.