Business
Suncor Energy Releases 2022 Report on Sustainability and Climate Report
All financial figures are in Canadian dollars Calgary, Alberta--(Newsfile Corp. - June 22, 20...
About this update from Suncor Energy Inc.
[{"type":"text","content":"Suncor Energy Releases 2022 Report on Sustainability and Climate ReportAll financial figures are in Canadian dollarsCalgary, Alberta--(Newsfile Corp. - June 22, 2022) - Suncor (TSX: SU) (NYSE: SU) released its 2022 Report on Sustainability and Climate Report today. The reports highlight how Suncor is working to achieve exceptional environmental, social and governance (ESG) performance, and share Suncor's actions on sustainable energy development, emphasizing the progress made to accelerate GHG reductions to reach net-zero by 2050 while increasing shareholder returns.Guided by its purpose of providing trusted energy that enhances people's lives, while caring for each other and the Earth, Suncor is optimizing its base business while strengthening ESG performance with a particular focus on driving down emissions. This includes replacing coke-fired boilers with highly efficient cogeneration units, pursuing carbon capture opportunities, expanding its use of hydrogen and increasing partnerships with Indigenous communities on energy assets. In addition to these and other initiatives, Suncor is enhancing its leadership, technology infrastructure and processes and systems to strengthen its safety, reliability and cost performance. \"In the face of global energy uncertainty and the climate challenge, Suncor's strategy to deliver trusted energy while reducing emissions is aligned to meet the needs of today while contributing to the energy transition,\" said Mark Little, President and Chief Executive Officer. \"Our investments, initiatives and actions reflect our commitment to making the right choices for the environment we all share, the social well-being of our communities and maintaining a strong governance structure.\"Highlights of the Report on Sustainability include:A message from Mark Little, President and Chief Executive Officer, outlining key strategic objectives and actions-including partnerships to develop next generation renewable fuel technologies, an oil sands environmental performance update, efforts to enhance operational excellence and the addition of Syncrude's ESG performance to this reportA Q&A with Arlene Strom, Chief Sustainability Officer and General Counsel, on her return to a sustainability leadership role, top priorities and the importance of listening to and working with Indigenous communities and companies Pr...