contributed in royalties and taxes for governments in 2018.
Suncor spent $703 million with 83 Indigenous businesses in 2018, including 24 new suppliers.
Suncor invested approximately $635 million in 2018 in technology development and deployment and digital technologies to optimize current assets and develop next generation facilities.
Suncor’s sustainability goals reflect our focused efforts on strengthening relationships with Indigenous Peoples in Canada, and reducing our greenhouse gas emissions (GHG) intensity.
Our approach to sustainability
“We’ve stepped forward and outperformed our peers in retaining confidence in our business model and I think a lot of that has to do with our longstanding commitment to sustainability as a core value and a key part of our business strategy.”
chief sustainability officer
About our report and sustainability priorities
Suncor has reported our sustainability progress and performance for over two decades and this 2019 Report on Sustainability continues our approach to transparency.
We reviewed the most relevant sustainability priorities through an in depth materiality assessment. In the context used for this report, materiality reflects the relative significance of sustainability priorities and their impacts (both positive and negative) both to our business, and to stakeholders and Indigenous communities affected by our business.
The trust and support of stakeholders and Indigenous communities are very important to Suncor and foundational to successful energy development.
In today’s polarized world, constructive and solutions-focused conversations about climate change and our shared energy future are more essential than ever.
Water is a shared and precious resource. Suncor’s integrated water management approach balances optimizing our water use practices with technological innovation to sustainably manage water.
Suncor is committed to incident prevention and learning and continues to raise the bar to improve process safety and reliability performance.