Continuous improvement of our long-term environmental, social and economic performance requires an evolution of our business that’s beyond our current capabilities. This is necessary to align our vision, of creating energy for a better world, with the realities of an energy system in transition.
We established our social and GHG goals in 2016, with a baseline year of 2014, as guide posts to drive performance improvement. More detail about these goals is provided in our Aboriginal relations and climate change sections of this report.
Social goal: strengthening our relationships with Aboriginal Peoples in Canada
Our social goal reflects our commitment to change the way we think and act as an organization and build greater mutual trust and respect with the Aboriginal Peoples of Canada. The goal outlines four areas to focus on through 2025 and beyond where we can work together to advance greater participation of Aboriginal Peoples and communities in energy development:
- strengthening relationships between Aboriginal Peoples and all Canadians
- partnering with Aboriginal youth to develop leadership potential
- partnering with Aboriginal businesses and communities
- significantly improving our Aboriginal workforce development
GHG goal: reducing our GHG emissions intensity
We share in the global challenge to address climate change by reducing emissions while providing the energy the world needs. We aim to reduce total emissions intensity of the production of our oil and petroleum products by 30% by 2030. Our focus on GHG emissions intensity reductions is in these key areas:
- energy efficiency and continuous improvements of our base assets
- strategic technology implementation to reduce extraction and upgrading emissions
- greening the electricity grid through investments in low-carbon power such as cogeneration and renewables
Our commitment to water stewardship
We are also focused on extending our commitment to water stewardship by working to develop a new long-term water goal. Our plan is to take a watershed approach to this goal and to work with stakeholders and Aboriginal communities to determine where we can have the greatest impact.