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 | The theme of our Sustainability Report “Doing the right things, for the right reasons.” recognizes the value of safety, environment and social responsibility in every decision we make. We believe that companies that follow sustainable business practices outperform, in the long term, those with narrower priorities.
Charlie Fischer, President and CEO |
See the Value
The way we do business links us to opportunities that are adding real value.
People
It helps us attract and retain talented employees who have ranked us as one of the top 50 companies to work for in Canada.
Communities
We are welcome in the communities where we operate because we involve local people in the decisions that affect them and develop mutually beneficial relationships. At Long Lake, our extensive community consultations helped ensure a smooth regulatory approval process for this oil sands project.
Partners
We partner with some of the best exploration companies—firms that share our concerns for the environment and the safety of our people and the public. This enabled us to enter into exciting exploration joint ventures in the Gulf of Mexico and offshore West Africa that would not be feasible on our own.
Financial Capital
Our global reputation has gained us market confidence to continue securing the financial capital we need to grow our business long term, including funding major development projects like Buzzard and Long Lake. This market confidence is also evident in our continued inclusion in the Dow Jones Sustainability Index.
In today’s world, we cannot and will not ignore these factors in achieving profitability. In fact, we believe our 30 years of profitability are linked directly to the sustainable business practices we follow.
Living our Values
So how do we ensure we are living our values? By developing systems and programs throughout the organization that reinforce them. It starts at the top with an informed and engaged Board committed to honest, transparent communication. We are fortunate to attract a high-quality Board, named as one of the Top 25 Boards in Canada by Canadian Business magazine. And it extends through senior management to all employees with integrity programs, safety programs, continued professional development, and guiding policies on ethics, anti-bribery and governance practices.
Building and Maintaining Trust
Good governance extends beyond regulatory compliance. Simply stated, governance is about building and maintaining trust. We want you, our stakeholders, to know what we are doing, to contribute your input and to trust the results we report back to you. Whether it’s our financial results, our reserve estimates, safety records or a development plan in your community, you can trust our communication. Legislation such as Sarbanes-Oxley has given us the opportunity to improve what we were already doing well. We are committed to continue improving our sustainable business practices and reporting.
Balancing Multiple Stakeholder Interests
Sustainability is about balancing the interests of multiple stakeholders and finding opportunities for all to benefit long term. It begins with ensuring a strong and profitable business, engaging in open and active consultation and investing in company- and community-based initiatives that build capacity and self-sufficiency. It’s a superior way of doing business and it links us to a sustainable future.
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