All financial figures are in Canadian dollars
CALGARY, Alberta, July 18, 2019 (GLOBE NEWSWIRE) — Suncor today released its annual Report on Sustainability which details the company’s environmental, social and economic performance. Suncor’s perspective on the challenges and opportunities of climate change, and the transition to a low-carbon economy are contained in its third Climate Risk and Resilience Report available within the Report on Sustainability and as a stand-alone downloadable PDF. The annual Report on Sustainability is available both online and as a downloadable PDF.
Suncor’s sustainability goals reflect focused efforts on strengthening relationships with Indigenous Peoples and communities in Canada, and harnessing technology and innovation to reduce the greenhouse gas (GHG) emissions intensity of its operations. Driving sustainability performance improvement is critical to the company’s business strategy, and it’s woven into the very fabric of the organization. As always, actions speak louder than words. The Report on Sustainability provides several examples of these actions.
“We are living in an era of transformation – as a company, as an industry and as a global community. We have choices to make about our shared energy future and the role we will all play in shaping it,” said Mark Little, president and chief executive officer. “Globally, we are beginning to transform our energy system toward a low-carbon economy. Suncor is engaged in this transition and we believe innovation will be critical to our success.”
Suncor’s sustainability performance included:
- Technology and innovation: In 2018, Suncor invested approximately $635 million in technology development and deployment including digital technologies.
- Partnering with Indigenous businesses: $703 million spent with 83 Indigenous businesses across Canada in 2018.
- GHG performance and mitigating emissions: With Fort Hills, our newest mining facility, we have deployed extraction technology that removes carbon from the oil before it is sent to market.
- Water performance and stewardship: Approximately 88% of the water used by our mining and extraction operations in 2018 was recycled tailings water.
The report also provides senior leaders’ perspectives in these areas:
- A discussion about energy challenges and opportunities with Suncor president and chief executive officer, Mark Little.
- A Q&A with Eric Axford, executive vice president and chief sustainability officer, on the progress made last year, the priorities ahead, and the company’s sustainability journey.
Suncor has been named to various Dow Jones Sustainability (DJSI) indices for 19 consecutive years, as well as 10 consecutive years to the FTSE4Good index. Suncor was also named to the 2019 Corporate Knights Global 100 index, and the 2018 Corporate Knights Best 50 Corporate Citizens in Canada. In 2019, Suncor received the Alberta top 75 employer, and Canada top 100 employer awards. Also in 2019, Suncor received Finance Montréal’s Finance and Sustainability Initiative award for best sustainability report.