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Five years ago, we set an industry precedent by adopting a series of strategic performance goals on water consumption, reclamation of disturbed lands, energy efficiency and air emissions.
The target year for these planned improvements is 2015, with a baseline year of 2007. The goals were established in 2009 and take into account improvements to our existing operations as well as new technologies.
Why environmental performance goals?
We developed these environmental performance goals to further demonstrate our sustainability leadership and commitment to responsible energy development.
Each goal relates to a significant aspect of our environmental performance and was identified as a priority measure to address:
- business and environmental risk
- concerns expressed by stakeholders
- a means to further our commitment to environmental sustainability
Progress toward 2015 environmental performance targets
We continue to identify capital projects and operational initiatives that will help us move toward the successful achievement of these goals.
Our baselines have been set to include all currently operated assets. Over time, baselines may be adjusted to reflect changes in our operated portfolio resulting from acquisitions and divestitures. In 2013, we had divestures in North America Onshore; therefore, the baseline and the goals were adjusted to reflect the changes of these divestitures.
What follows is a brief description of our four environmental performance goals and how we plan to accomplish them. All of the proposed environmental improvements are absolute with the exception of energy efficiency, which is intensity based.
Please note: Environmental performance data presented here may differ from that provided elsewhere in our 2014 Report on sustainability. One of the reasons for this difference is that historical environmental performance data that we use to report on our environmental performance goals has been adjusted to reflect acquisitions and divestitures.
* The base year for the planned improvements is 2007. The goals were established in 2009.
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Plans for beyond 2015
The process of setting goals is as important as the process undertaken to achieve them. It requires deep analysis of opportunity and risk. It also means evaluating a goal’s ability to drive the right strategic and operational behaviour. In 2013, we kicked off the process to develop sustainability goals for beyond 2015. These goals will address the full spectrum of our environmental performance as well as establish formal social goals – a first for us.
Developing these goals is a collaborative effort. We’re engaging in conversations with employees and stakeholders so we can ensure their views are represented in this work, and also so we draw upon their expertise and passion for building a better future.
To date, several cross-disciplinary teams have been formed to examine the goal setting within these areas:
- current environmental
- new environmental
- social performance
Work to identify, define and test new goals continued throughout 2013 and is expected to extend into 2014. While several goals areas have been identified and are in development, we haven’t yet determined the exact number of goals we’ll have or the specific focus areas. All goals under consideration will be tested for strategic alignment in the coming months.