Our sustainability path reflects our commitment to responsible development of the oil sands resource. We are guided by our corporate Vision & Values, below, which speak to how we operate and the principled and ethical approach toward achieving our goals:
We will do this by:
In this way we will be:
Sustainability strategies are informed through independent analyses of material issues which are assessed on the level of interest or concern to stakeholders and their potential consequences to our business now and in the future. Results form the basis of a materiality risk matrix which is then stewarded through the Syncrude Board of Directors Safety, Health, Environment and Corporate Sustainability Committee. A detailed reassessment every three years helps to identify trends, ensure proper business focus and evaluate performance.
As of 2015, high priority issues were identified as Land and Biodiversity, Tailings Management, Water, Aboriginal Relations, and Regulatory and Government Relations, with medium issues as Climate Change, Community Sustainability, Employment and Labour Supply. (Note: As part of the three-year cycle, a reassessment was completed in early 2016; all high priority issues remained the same with the addition of climate change, which will be reflected in the 2016 report.)
Community advisory panels are convened to seek input on Syncrude’s performance and sustainability reporting. The most recent panel occurred in 2013. Please refer to the 2014 report for an overview and the feedback received. (Note: a community advisory panel meeting was held in early 2016 which will be discussed in next year’s reporting.)
Our material risk analysis and community advisory panels provide the basis for the structure and content of Syncrude’s sustainability report. High priority short- and long-term goals, 2015 results and ongoing actions are reviewed in the table below. Greater detail, as well as progress on medium and low priority risks, is provided throughout the report in relevant chapters.
Return disturbed land to a healthy, productive condition, while meeting evolving expectations, standards and regulations to ensure and protect biodiversity
Ability to remediate tailings and address shared business and stakeholder concerns regarding long-term liabilities.
Continued access to and protection of regional water resource.
Relationship-building and effective management of issues of concern.
Understanding government expectations and regulatory requirements impacting development.
This report is a comprehensive discussion of the environmental, social and economic impacts of Syncrude’s business activities during 2015. The report is published on a biennial cycle, with an interim update. The 2015 report has been informed by the Global Reporting Initiative (GRI).
More information about Syncrude and access to past reports can also be found on our website.