Environmental, Social & Governance Report

Overview

The report describes Cenovus's 2022 ESG performance and its long-term sustainability direction. It sets a 35% absolute Scope 1 and 2 emissions reduction target by 2035 while building toward net zero emissions by 2050. The company reports zero workplace fatalities and continued safety performance monitoring. It also highlights $395 million spent with Indigenous businesses in 2022, alongside ongoing water stewardship, biodiversity restoration and inclusion initiatives.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2022
Period: 1 January 2022 – 31 December 2022
Language: English
Pages
File size
Restatement: Disclosed

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

Materiality

Assessment
Basis

Assurance

Provider
Level
Standard
Scope
Statement included
Metrics assured

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