CALGARY, Alberta July 11, 2013 /CNW/ - Cenovus Energy has published its
2012 corporate responsibility report detailing the company's efforts to
protect the health and safety of its workers, safeguard the
environment, invest in and engage with local communities and maintain
the highest standards of corporate governance and transparency.
"We're committed to developing our energy resources in a responsible and
environmentally-conscious way," said Jim Campbell, Cenovus
Vice-President of Government Affairs & Corporate Responsibility. "This
report allows our stakeholders to track our progress and see how we're
living up to that commitment."
Cenovus's corporate responsibility highlights for 2012 include:
Investing millions of dollars in innovation and research to support more
than 100 ongoing technology development projects, three-quarters of
which could have environmental benefits
Spending more than $1 billion with local companies in Cenovus's
operating areas, of which about a third went to Aboriginal-owned
businesses and joint ventures
Signing two additional long-term agreements with First Nations
communities. The company now has a total of four community agreements
that allow Cenovus and First Nations communities in its operating areas
to mutually benefit from energy development
Donating 800 used office suites to hundreds of local charities and
non-profit organizations in Calgary through The Cenovus Suite Give-Away
Making a significant commitment to the Global Corporate Challenge to
track steps and other physical activity by being the Canadian company
with the largest number of teams entered and more than one-third of
staff members participating
Being named to the Dow Jones Sustainability World Index for the first time. Cenovus was the only Canadian oil and gas company
to make the index last year. Since then, the company has also been
named by Corporate Knights to its Global 100 list of the world's most sustainable corporations
"Being a leader in corporate responsibility is not only the right thing
to do, it's good for our bottom line," said Craig Stenhouse, Cenovus
Group Lead, Corporate Responsibility. "Since Cenovus was formed
three-and-a-half years ago, we've been recognized as among the best
corporate citizens in the world and we're always looking for ways to
Cenovus's corporate responsibility report uses the Global Reporting Initiative as a framework and aligns its performance measures with standards set
out by the Canadian Association of Petroleum Producers Responsible Canadian Energy™ program. The full 2012 report is available at cenovus.com.
Cenovus Energy Inc.
Cenovus Energy Inc. is a Canadian oil company. It is committed to
applying fresh, progressive thinking to safely and responsibly unlock
energy resources the world needs. Operations include oil sands projects
in northern Alberta, which use specialized methods to drill and pump
the oil to the surface, and established natural gas and oil production
in Alberta and Saskatchewan. The company also has 50% ownership in two
U.S. refineries. Cenovus shares trade under the symbol CVE, and are
listed on the Toronto and New York stock exchanges. Its enterprise
value is approximately $29 billion. For more information, visit cenovus.com.
Find Cenovus on Facebook, Twitter, Linkedin and YouTube.
Image with caption: "Steam gens at Cenovus's northern Alberta oil sands operations (CNW Group/Cenovus Energy Inc.)". Image available at: http://photos.newswire.ca/images/download/20130711_C6608_PHOTO_EN_28943.jpg
Image with caption: "This solvent aided process (SAP) pilot project at Christina Lake's oil sands operation is one of the company's many technology development projects. (CNW Group/Cenovus Energy Inc.)". Image available at: http://photos.newswire.ca/images/download/20130711_C6608_PHOTO_EN_28944.jpg
SOURCE: Cenovus Energy Inc.
For further information:
Director, Media Relations