CALGARY, ALBERTA–(Marketwired – July 17, 2013) – Suncor Energy announced today the release of its 2013 Report on Sustainability. The voluntary report highlights Suncor’s environmental, social and economic performance.
“Is it possible to have a prosperous economy and a vibrant society, while maintaining a healthy planet for our grandchildren? I believe the answer is yes,” said Steve Williams, president and chief executive officer. “To do this, we need to take collaboration to the next level and engage citizens in an informed discussion about the path forward. Our Report on Sustainability is intended to help kick-start that conversation.”
In addition to reporting on the company’s economic contribution and social impact, the Report on Sustainability specifically highlights Suncor’s progress towards its beyond-compliance environmental performance goals. Below are some of the highlights found in the 2013 report.
* Reclaimed lands have not been certified as such by government regulators. For further details on the definition of reclaimed, see the Legal Notice herein.
Additional Quotes:
“Taking sustainability to the next level is about solutions-driven collaboration – with industry peers, governments, non-government organizations, communities and other stakeholders. Together, we need to look at the cumulative impacts of how we produce and use energy and try to find common ground in shaping a more sustainable energy future.”
– Arlene Strom, vice president, Sustainability and Communications
“We’re an industry committed to continuous improvement in environmental performance. We do this through investment in technology and innovation and, increasingly, through collaboration with industry peers and others. While there’s still a lot of work to be done, we’ve made real progress, as a company and an industry, on many environmental challenges.”
– Gord Lambert, executive advisor, Sustainability and Innovation
“When I talk to our people about the work we do, it comes back to living up to Suncor’s mission, vision and values. We need to be all about strong community engagement, respect, and living up to our commitments. That’s the best way to secure and retain our social licence to operate.”
– Bonnie Veness, manager, Stakeholder and Aboriginal Relations
Table of Contents:
Legal Notice
Certain statements in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). All forward-looking statements are based on Suncor’s current expectations, estimates, projections, beliefs and assumptions based on information available at the time the statement was made and in light of Suncor’s experience and its perception of historical trends.
Some of the forward-looking statements may be identified by words like “expected,” “anticipates,” “approximately,” “estimates,” “plans,” “scheduled,” “intends,” “may,” “believes,” “projects,” “indicates,” “could,” “focus,” “vision,” “goal,” “proposed,” “target,” “objective,” “continue” and similar expressions. In addition, all other statements that address expectations or projections about the future, including statements about our strategy for growth, costs, schedules, production volumes, operating and financial results and expected impact of future commitments, are forward-looking statements. Forward-looking statements in this news release include references to: Suncor’s environmental goals to be achieved by 2015 (as compared to a baseline year of 2007), including improving energy efficiency by 10%, achieving absolute reductions in fresh water consumption by 12% and air emissions by 10% and increasing land reclaimed by 100%; and the expectation that EMS will improve the measurement, control and governance of energy and is expected to result in a two to three per cent improvement in energy/GHG intensity through better operational control; and key technologies, that we expect will reduce GHG emissions. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to our company. Suncor’s actual results may differ materially from those expressed or implied by our forward-looking statements and you are cautioned not to place undue reliance on them.
Suncor’s Earnings Release, Quarterly Report and Management’s Discussion & Analysis for the first quarter of 2013 and its most recently filed Annual Information Form/Form 40-F, Annual Report to Shareholders and other documents it files from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents are available without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3Y7, by calling 1-800-558-9071, or by email request to info@suncor.com or by referring to the company’s profile on SEDAR at www.sedar.com or EDGAR at www.sec.gov. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Reclamation – Reclamation at Suncor is a carefully monitored process with two distinct components: (i) transformation of the area, including tailing ponds, into a solid material that can support vegetation, wildlife and landscape restoration, which includes landform design and oil placement; and (ii) re-vegetation in a way that the reclaimed landscape can support vegetation and wildlife as a self-sustaining ecosystem. When Suncor claims that it has reclaimed land or plans to reclaim land, the reclaimed land will have met or is intended to meet the two distinct components identified in this paragraph.
Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor’s common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
For more information about Suncor Energy and our community investment program, please visit our website at www.suncor.com/community.
Suncor Energy and the Suncor Energy Foundation (SEF) have a proud history helping build sustainable communities through collaborative partnerships that enhance the quality of life in key operating areas. Over the past 10 years, Suncor and the SEF have invested more than $110 million in charitable and non profit organizations across Canada and internationally. The SEF is a private, charitable foundation established to receive Suncor’s contributions and support registered Canadian charitable organization.
For more information about Suncor Energy please visit our web site at suncor.com, follow us on Twitter @SuncorEnergy or read our blog, OSQAR.
To view the “2013 Report on Sustainability Videos” associated with this release, please visit the following link: http://sustainability.suncor.com/2013/en/about/video-gallery.aspx.
To view the photos associated with this release, please visit the following links:
http://www.marketwire.com/library/20130717-717su_1_800.jpg
http://www.marketwire.com/library/20130717-717su_2_800.jpg
Investor inquiries:
800-558-9071
invest@suncor.com
suncor.com