Indigenous reconciliation

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
Our Indigenous reconciliation targets
Achieve a minimum of
$1.2 billion of spending with
Indigenous businesses between
2019 and year-end 2025.

PROGRESS


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
Our Indigenous reconciliation targets
Attain gold
Progressive Aboriginal Relations (PAR) certification
from the Canadian Council for Aboriginal Business (CCAB)
by year-end 2025.

PROGRESS


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.

Our Indigenous reconciliation stories