Indigenous reconciliation
Cenovus works closely with Indigenous communities near our operations to ensure they share in the benefits of resource development. We believe advancing Indigenous reconciliation means taking meaningful action. For Cenovus, that includes consultation, building trust and enabling long term economic and social value by supporting Indigenous businesses, helping ensure communities benefit from having us as a neighbour. That’s why we’ve developed ambitious Indigenous reconciliation targets for our business.
Target
Achieve a minimum of $1.2 billion Indigenous businesses between 2019 and year-end 2025.
Progress
2022
$395 million
new
2019‑2022
$1 billion
cumulative
Target
Attain gold Progressive Aboriginal Relations (PAR) certification from the Canadian Council for Aboriginal Business (CCAB) by year-end 2025.
Progress
Phase
2 of 3
complete
1 Represents actions that Cenovus has taken or intends to take during the 12 months ending December 31, 2023.
Indigenous reconciliation at a glance
- We’ve spent more than $4.4 billion on goods and services provided by Indigenous businesses since 2009.
- All Cenovus staff in Canada must complete Indigenous awareness training.
- In 2021 we launched an Indigenous Relations Policy.
- We have more than a dozen benefit agreements with Indigenous communities.