Annual Report

Overview

The report describes 2021 as transformational for Vermilion: it generated $920 million in fund flows from operations and $545 million in free cash flow, while reducing net debt by $365 million. It announced a net-zero commitment for its own Scope 1 and 2 operations by 2050 and a near-term target to reduce Scope 1 emissions intensity by 15 to 20% by 2025 from a 2019 baseline. It also reports 2021 CDP Climate and Water scores of B and top-of-peer-group performance in S&P Global's 2021 Corporate Sustainability Assessment.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2021
Period: Ends 31 December 2021
Language: English
Pages
File size
Restatement: Disclosed

Standards

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

Ratings

GRI level
CDP score

Materiality

Assessment
Basis

Assurance

Provider
Standard
Scope
Statement included
Metrics assured

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