Sustainability at Suncor

Corporate governance

Through sound governance and committed leadership, we have created a strong foundation for resilient energy development. Suncor’s robust governance structure includes our board, and its committees, together with our executive management team, whose remuneration is impacted by corporate performance on environmental, social and governance initiatives.

A diverse and experienced board

Suncor’s board aims to have directors with a range of perspectives, insights and views on the issues affecting the organization. It searches for members from diverse backgrounds, having regard to gender, members of visible minorities, Indigenous status, age, persons with disabilities, business experience, professional expertise, personal skills, stakeholder perspectives, geographic background and other diverse attributes.

Management diversity infographic

Environment, social and governance (ESG)

ESG factors play a role in director recruitment, board evaluation and committee representation. The board revised its skills matrix in 2017 to ensure skills and experience in environment, health, safety and social responsibility were desired competencies.

For more information on the Board Skill Matrix, download our 2020 Management Proxy Circular.

Suncor’s governance structure

Effective corporate governance comes from leadership and good corporate structure. Economic, environmental and social issues aren’t considered separately but evaluated holistically as part of Suncor’s strategic decision-making process. This continues to inform our corporate structure. Key features of this governance structure include:

  • our board and its committees, which have clearly defined and distinct oversight roles to protect the interests of our shareholders set out in terms of reference
  • the board’s Environment, Health, Safety and Sustainable Development (EHS&SD) Committee, which monitors management’s performance in areas within its mandate
  • our executive management team, which integrates key operational and functional accountabilities for maximum efficiency and effectiveness, including a chief sustainability officer
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Read more in the Report on Sustainability

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