CALGARY, June 25 /CNW/ - Suncor Energy Inc. today released its 2007
Report on Sustainability - a comprehensive review of Suncor's social,
environmental and economic performance for the past two years.
The report, entitled 'A Closer Look at Our Journey Toward Sustainable
Development,' profiles Suncor's progress on a wide range of sustainability
objectives and also takes a detailed look at four key challenges facing the
company: community sustainability, climate change, water management and labour
"In every edition, we challenge ourselves to be more frank and offer more
insight on the impacts of our operations," says Gord Lambert, vice president,
sustainable development. "Sometimes it's hard to see it in black and white but
that's the value of the report. It helps focus our efforts and keeps us on our
path toward sustainability."
Suncor's Report on Sustainability provides a five-year performance trend
in a number of key areas. Performance highlights from that period include:
- A two-thirds reduction in employee lost-time injury frequency
- A record $40 million invested in charitable and non-profit causes
- A 14% increase in total greenhouse gas (GHG) emissions. GHG emission
intensity remained relatively unchanged
- A 55% reduction in the amount of water used per barrel of oil
- More than $5 billion paid in taxes and royalties
Suncor compiled this report in accordance with the Global Reporting
Initiative G3 Guidelines - an internationally recognized standard in
sustainability reporting. As in previous years, an independent third party
verified a number of performance indicators.
Copies of Suncor's Report on Sustainability are available at
www.suncor.com/acloserlook or by calling 1-800-558-9071.
Suncor Energy Inc. is an integrated energy company headquartered in
Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray,
Alberta, extracts and upgrades oil sands and markets refinery feedstock and
diesel fuel, while operations throughout western Canada produce natural gas.
Suncor operates a refining and marketing business in Ontario with retail
distribution under the Sunoco brand. U.S.A. downstream assets include pipeline
and refining operations in Colorado and Wyoming and retail sales in the Denver
area under the Phillips 66(R) brand. Suncor's common shares (symbol: SU) are
listed on the Toronto and New York stock exchanges.
For further information:
For further information: Darcie Park, (403) 205-7959