2019 Report on Sustainability
Total Page：16
File Type：pdf, Size：1020Kb
REPORT ON SUSTAINABILITY 2019 TABLE OF CONTENTS | 2 TABLE OF CONTENTS TABLE OF CONTENTS CEO MESSAGE CEO message ................................... 3 Climate change ................................ 53 Innovation ....................................... 125 ABOUT OUR REPORT Our perspective and engagement .......................... 54 Our approach to technology and innovation ........ 126 About our report ............................. 6 STRATEGY AND GHG performance and mitigating emissions ......... 59 In situ technologies .................................................. 130 GOVERNANCE Strategy and governance ............... 10 Integrating our GHG performance goal ................. 64 Mining technologies ................................................ 133 About Suncor ............................................................ 11 Low-carbon innovation ............................................ 67 Reclamation technologies ....................................... 135 OUR BUSINESS Sustainability Q and A ............................................. 12 Carbon risk and energy outlook ............................. 70 Upgrading and refning technologies .................... 136 Sustainability goals .................................................. 15 Resilient strategy ...................................................... 75 Renewable technologies .......................................... 137 CLIMATE CHANGE UN Sustainable Development Goals ....................... 16 Carbon policy and regulation .................................. 79 Digitalization ........................................................... 138 ENVIRONMENT Renewables ............................................................... 19 Collaboration ............................................................ 140 Environment .................................... 81 Corporate governance ............................................. 23 Social innovation ...................................................... 143 Air quality ................................................................. 82 SOCIAL RESPONSIBILITY Risk management ..................................................... 25 Water performance and stewardship ..................... 85 Performance data ............................ 144 Policy engagement ................................................... 27 INNOVATION Tailings management ............................................... 88 Lobbying and disclosure .......................................... 32 Appendices ...................................... 151 Land and reclamation .............................................. 92 Appendix A: Performance data notes ..................... 152 PERFORMANCE DATA Our business .................................... 34 Biodiversity .............................................................. 97 Appendix B: Independent assurance statement .... 161 Operations summary ................................................ 35 Caribou recovery and conservation ........................ 101 APPENDICES Appendix C: Advisories ............................................ 164 Economic impact ...................................................... 37 Social responsibility ........................ 103 Appendix D: GRI and SASB ..................................... 168 Supplier engagement .............................................. 39 Stakeholder and Indigenous relations .................... 104 Market access .......................................................... 40 Community investment ............................................ 108 Personal and process safety ..................................... 41 Social goal ................................................................. 113 Ethical business conduct .......................................... 43 Strengthening relationships .................................... 114 Inclusion and diversity ............................................. 46 Partnering with Indigenous youth .......................... 117 Partnering with Indigenous businesses and communities ...................................................... 120 Improving Indigenous workforce development .... 123 CEO MESSAGE | 3 TABLE OF CONTENTS CEO MESSAGE ABOUT OUR REPORT STRATEGY AND GOVERNANCE OUR BUSINESS CLIMATE CHANGE ENVIRONMENT Mark Little, President and chief executive offcer. SOCIAL RESPONSIBILITY CEO MESSAGE INNOVATION We are in the midst of an exciting time that is helping re-focus the way A TIME OF we work and, even more important, why we do what we do. TRANSFORMATION PERFORMANCE DATA We are living in an era of transformation – as a We know that to be a successful company in an These integrated pillars of sustainability will continue company, as an industry and as a global community. increasingly complex world, investors, employees, to guide us as we embark on the next phase in our APPENDICES We have choices to make about our shared energy Indigenous communities and partners, governments company’s evolution – what we’re calling Suncor 4.0. future and the role we will all play in shaping it. and stakeholders need to see we have a purpose that Technology and digital solutions will be a big part of goes beyond the balance sheet. More than ever, they Suncor’s commitment to safety, reliability, operational Suncor 4.0, but unleashing the full potential of our want tangible proof of our commitment to the three excellence and capital discipline continues – as does people is what will get us where we need to be. To dimensions of energy development that have long our unwavering determination to be a leader in secure our competitive advantage for the long term, been part of Suncor’s vision: continually improving sustainability. Globally, we are all beginning to we must foster a workplace culture where everyone our environmental performance, addressing social transform our energy systems toward a low-carbon is inspired to be and give their best. challenges, and generating economic value. economy. Suncor has an important role to play in that transition and believe innovation will be critical to our success. CEO MESSAGE | 4 TABLE OF CONTENTS As polarization increases on various issues, many will At the same time, energy production and I was also closely involved in the talks with the choose to take a step back. Suncor will continue to consumption comes with costs and risks. We must First Nations Chiefs that led to this landmark step forward to demonstrate leadership in an all address the amount of energy we use and the agreement and saw frsthand the power of working CEO MESSAGE increasingly complex world. We are doing this by: emissions associated with that use. As a country more collaboratively with our Indigenous partners. and as global citizens we need to pursue all forms • investing in emerging and potentially For Suncor, our social goal is a journey and about of energy to provide for an ever growing population, transformative technologies, including new much more than commercial success. We will ABOUT OUR REPORT while tackling the environmental challenges associated digital capabilities continue to expand our support for Indigenous with its use. With Suncor’s focus on sustainability, youth, increase the participation of Indigenous • supporting collaborative solutions on major we remain optimistic the Canadian oil and gas STRATEGY AND Peoples in our workforce, and improve our environmental and societal challenges, including industry will remain part of the global energy mix. GOVERNANCE employees’ awareness of the history and experience climate change Our optimism is based on a strong history of of Indigenous Peoples. Above all, we will continue to • working with and learning from Indigenous technology and innovation, continued focus on cost listen and learn. OUR BUSINESS partners and others to create opportunities for and carbon competitiveness, of putting people frst, Our other major sustainability goal is to further economic and social reconciliation and building relationships and opportunities with reduce the total greenhouse gas emissions intensity Indigenous Peoples. CLIMATE CHANGE • further integrating sustainability into our of the production of our oil and petroleum products decision-making as we aspire to be a competitive Climate change is real and we have a shared by 30% by 2030. Our ambition is driving operational, producer for the long term obligation to reduce our carbon footprint. The more energy and fuel effciency improvements into our ENVIRONMENT people are engaged, the greater likelihood of success. business. Technology and innovation are pointing to As we move ahead, we are also asking ourselves how a realistic path for reaching that goal, which will also can we best live up to our purpose. The communities where we operate – many of them move us toward ultimately bending the curve on our home to Indigenous Peoples in Canada – are most SOCIAL RESPONSIBILITY absolute GHG emissions. ENERGY CHALLENGES AND directly impacted by the energy industry’s activities. Yet for too long, they have not fully shared in the This past year, Suncor invested $635 million in INNOVATION OPPORTUNITIES benefts and opportunities of resource development. technology development and deployment, including For me, answering that question begins with digital transformation. That also includes next- I frmly believe energy companies need to recognize refecting on the absolutely essential role energy generation in situ technologies that could dramatically they have a unique obligation, and opportunity, to PERFORMANCE DATA plays in our lives.