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.
In 2021 we released two ESG reports. The first report included performance metrics for both legacy Cenovus and legacy Husky for 2020, as well as historical data for Cenovus from 2016 to 2019. Our 2020 ESG report was subsequently released and includes our ESG targets, as well as proposed plans to achieve them and the performance metrics that underpin them.
Our reporting structure aligns with the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB) and IPIECA (formerly known as the International Petroleum Industry Environmental Conservation Association) reporting frameworks.