|Focus area||2030 Targets|
Cenovus has established a target to spend at least $1.5 billion cumulative with Indigenous owned or operated businesses from 2020 to 2030 to help ensure neighbouring communities share in the benefits that come from responsibly developing oil and natural gas resources. Cenovus’s Indigenous Inclusion Advisory Committee, comprised of senior leaders from various functions, will guide the plan to achieve the target as well as other considerations such as increasing direct Indigenous employment at the company.
Our approach to working with Indigenous communities focuses on:
- Consultation: We engage with communities regularly to help ensure they understand the potential impacts of our operations, so we can identify ways to mitigate these impacts
- Relationships: Our relationships with Indigenous communities are forged based on mutual respect and trust
- Employment: We support education and training programs that may help community members find employment with Cenovus or another company
- Investment: We support a range of organizations focused on the needs that are important to each of our local communities and have launched a 5-year, $50 million initiative to build much-needed new homes in the First Nations and Métis communities closest to our oil sands operations
- Business: Whenever possible, we include local Indigenous-owned businesses in our supply chain.
- In 2018, Cenovus spent $197 million on goods and services provided by locally-owned Indigenous companies for a total of over $2.8 billion since 2009
- In 2018, we awarded 40 scholarships valued at $3,500 each to Indigenous students pursuing a full-time degree, diploma or certified trade. Since the program began in 2012, over 193 students have benefitted from scholarships worth over $660,000 in total
- Cenovus has signed long-term benefit agreements with nine Indigenous communities around our oil sands operating areas
Find out more about Indigenous engagement in our Environmental, Social and Governance report.