Community investment: our focus areas
We think it’s important to give back to communities. Especially in locations that are closest to our operations and impacted by our work.
Through our community investment program, we've identified three areas where we focus our efforts:
- Safety and well-being
- Sustainable communities
These focus areas align with our business values and reflect the positive differences we want to make.
Targets and results
We want to ensure we’re employing best practices when it comes to our community investments. We have a program in place to measure the impact of our investments through stakeholder feedback, third-party evaluation, benchmarking studies and reports from our community partners.
Cenovus has been a member of London Benchmarking Group (LBG) Canada since 2011. Our participation in LBG Canada helps us to maximize impact and identify best practices in order to continually improve our community investment program. Each year, we participate in a detailed, line-by-line audit of our entire community investment portfolio. The audit helps us to understand the total value that our cash, in-kind, employee volunteering and giving, and program management costs bring to the local community.
We’ve set targets to help guide our investments and achieve our goals. Each year, our results are published in our annual corporate responsibility report.