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, and helping ensure communities benefit from having us as a neighbour. It’s why we’ve developed ambitious Indigenous reconciliation targets for our business.
Target
Achieve a minimum of $1.2 billion of spending with Indigenous businesses between 2019 and year-end 2025.
Progress
2023
$662 million
New
2019‑2023
$1.7 billion
Cumulative
Target
Attain gold Partnership Accreditation in Indigenous Relations (PAIR)1 certification from the Canadian Council for Indigenous Business (CCIB)2 by year-end 2025.
Progress
Phase
3 of 3
Advancing toward submission
1 On May 29, 2024 the Progressive Aboriginal Relations certification changed to the Partnership Accreditation in Indigenous Relations (PAIR).
2 On May 29, 2024 the Canadian Council for Aboriginal Business (CCAB) changed its name to Canadian Council for Indigenous Business (CCIB).
Indigenous reconciliation at a glance
- In 2023, our Indigenous business spend was $662 million, the highest annual spend in our company’s history.
- Achieved our target of spending a minimum of $1.2 billion with Indigenous businesses two years ahead of schedule.
- All Cenovus staff in Canada must complete Indigenous awareness training.
- We have more than a dozen benefit agreements with Indigenous communities.