Our approach to reporting
We're committed to operating in a responsible manner and we recognize the importance of reporting to stakeholders in a transparent and accountable way. We disclose not only the information that's required by law and regulation, but also which more broadly describes our activities, policies, opportunities and risks.
As the company was just formed in late 2009, we had some unique challenges in preparing our corporate responsibility reporting. Cenovus's assets were held by Encana Corporation until November 30, 2009, and the data contained in this report was derived from Encana's records on a carve-out basis for the periods prior to December 1, 2009. In some cases, historical data prior to 2009 wasn't available.
Despite these challenges, it was important for us in this first year to share some key measures that provide insight into how we're doing. We're always looking for ways to improve and are currently in the process of developing a more complete list of corporate responsibility priorities and performance measures tailored for Cenovus. We have used and will continue to use the Global Reporting Initiative guidelines as a framework for reporting and have started aligning our performance metrics with the standards set out by the CAPP Responsible Canadian Energy program.
We have not yet engaged a third party to verify our corporate responsibility performance, but may look to do so for future reporting. We look forward to producing a more comprehensive report in 2011.
The 2009 performance measures are available for download in PDF format. Click through the sections below for some highlights.
"Success for us means making a positive contribution to the economic, environmental and social well-being of the communities where we operate. That's why we work to ensure that the decisions we make today contribute to the sustainability of these communities for future generations."
Brian Ferguson, President & Chief Executive Officer
