Environmental, Social & Governance Report

Overview

The report describes Cenovus's 2020 ESG priorities following its combination with Husky Energy, including a 35% reduction target for absolute Scope 1 and 2 emissions by 2035 and a net-zero ambition by 2050. It reports 2020 pro forma emissions of 17.47 MMt CO2e for Scope 1 and 1.93 MMt CO2e for Scope 2, with zero fatalities. Other highlights include planting 311,358 trees on 63 sites, combined 2019-2020 Indigenous business spending of $383 million, and 25% women in leadership roles.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2020
Period: Ends 31 December 2020
Language: English
File size

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Ratings

CDP score

Materiality

Assessment
Basis

Assurance

Provider
Level
Standard
Scope
Statement included
Metrics assured

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