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All financial data are in Canadian dollars
Calgary, Alberta, July 13, 2021 (Global News Agency) – Sustainability report lasting more than 25 years, Suncor released its 2021 Sustainability Report with Climate report Nowadays. These reports share the company’s environmental, social and governance (ESG) performance in 2020, and highlight key development points in early 2021.
Earlier this year, the company shared its updated strategy, focusing on increasing shareholder returns while accelerating its greenhouse gas (GHG) reduction targets, developing its business in low-greenhouse gas fuels, electricity and hydrogen, maintaining and optimizing Its basic business, and transforming its greenhouse gas footprint to 2050, will become a net-zero company-all thanks to Suncor’s expertise, long-lived resources, integrated business model, close contact with customers, and world-class ESG performance.
“Building on the solid foundation we have built over the decades is at the core of our strategy because we help shape a profitable and sustainable energy future,” said President and CEO Mark Little. “Achieving our common economic, climate, and social goals requires us to work with communities, businesses, governments, and organizations. Our projects and initiatives reflect this approach.”
Both the Sustainability Report and the Climate Report describe Suncor’s current and ongoing work and provide insights into future steps to support the company in achieving its goals.
Highlights of the sustainability report include:
- Speech by President and CEO Mark Little, Detailing the company’s evolving strategy and progress in environmental management, community relations, and care for Suncor employees
- Q&A with Chief Sustainability Officer Martha Hall Findlay About Suncor’s emission reduction methods and achieving world-class ESG performance
- Examples of how companies use technology to reduce environmental impact, Of the US$535 million investment in technology development, deployment, and digitization, nearly 50% is spent on emissions-related technologies
- How Suncor works with indigenous communities, Listen to their feedback and strengthen the relationship, represented by the company’s reconciliation journey and the $911 million spent with indigenous suppliers (more than 10% of supply chain spending)
- Major progress in water resources management and tailings management Reclaimed water accounts for 92% to 99% of water used in mining and in-situ operations
- Community investment, Including donations of 36 million Canadian dollars to non-profit organizations, and the establishment of the Petro-Canada company CareMakers Foundation™ to provide support to a quarter of Canadian family caregivers
- Diversified and experienced board profile As the foundation of sound governance, 36% of female representatives and indigenous representatives over 20 years
- Review people-centered efforts, From safety to mental health, inclusion and diversity, and community investment
Highlights of the climate report include:
- A joint speech by President and CEO Mark Little and CFO Alister Cowan,discuss…
The full story on Benzinga.com
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