A balanced approach
Our commitment to environmental, social and governance (ESG) performance is key to how we work and approach sustainability at Cenovus. We recognize the importance of reporting in an open and accountable manner. We report information that’s required by law and regulation, and also voluntarily disclose information that more broadly describes our activities, policies, opportunities and risks. Our reporting is further guided by principles of accuracy, balance, clarity, comparability, reliability and timeliness.
This year we are releasing two ESG reports. The first is our 2020 ESG data report, which includes performance metrics for both legacy Cenovus and legacy Husky for 2020, as well as historical data for Cenovus from 2016 to 2019. Our reporting structure aligns with the Sustainability Accounting Standards Board (SASB) and IPIECA (formerly known as the International Petroleum Industry Environmental Conservation Association) reporting frameworks.
Later this year we plan to publish a more comprehensive 2020 ESG report, which will include our revised ESG targets, as well as proposed plans to achieve them and the pro forma metrics that underpin them. This report will align with the Task Force on Climate-related Financial Disclosures (TCFD), as in previous years.