Slide 1: ESG and Sustainability
ESG and Sustainability December 2019
Slide 2: Legal Notice: Forward Looking Information
Legal Notice Forward Looking Information This presentation includes certain forward looking statements and information (FLI) to provide potential investors and shareholders of Enbridge Inc. (Enbridge or the Company) with information about Enbridge and its subsidiaries and affiliates, including manag
Slide 3: Our ESG and Sustainability Commitment
Our ESG and Sustainability Commitment Our approach to business has always been grounded in respect for people, communities and the environment, and focused on delivering long- term value for our stakeholders – an approach that’s essentially our definition of sustainability in our business. We know c
Slide 4: North America's Largest Energy Infrastructure Company
North America’s Largest Energy Infrastructure Company We fuel quality of life – safely, reliably connecting energy supply and consumer demand for 170 years ~25% of crude oil transported in Offshore Wind - Europe N. America ~20% of natural gas consumed in the U.S. ~3.7million natural gas distribution
Slide 5: Creating societal value
Economic Impact Creating societal value Enbridge contributes to and stimulates economic growth $1.35B $1.27B $4.66B $11B $22.4M Taxes paid Wages paid to Dividends paid Goods & services Invested in Local, state/provincial, federal employees to shareholders purchased communities 2018 Data 5
Slide 6: Industry-Leading Performance - Highlights
Industry-Leading Performance - Highlights Environmental Social Governance Safety and protection of the environment Treating our employees and communities Committed to strong corporate governance are our highest priorities with integrity and respect Industry Pipeline Releases, 2018 Community Investme
Slide 7: Our ESG Priorities
Our ESG Priorities Enbridge is committed to strong and sustainable governance which promotes the long-term interests of our shareholders, strengthens our Board and management accountability, and builds stakeholder and public trust. We focus on three ESG priorities of greatest relevance to our stakeh
Slide 8: Committed to Strong Corporate Governance
Governance Committed to Strong Corporate Governance Our Governance Approach Our Board Profile • Value independent directors with diverse Diversity Tenure perspectives, expertise and experience • Just over 60% of independent directors are 45% 55% 36% women, exceeding our policy of one third Women Men
Slide 9: Sustainability Governance
Governance Sustainability Governance Enbridge’s Board takes a comprehensive approach to oversight of environmental, social and governance (ESG) matters with accountabilities designated across all Board Committees Board of Directors The Board is responsible for identifying and understanding Enbridge’
Slide 10: Executive Compensation
Governance Executive Compensation Enbridge’s executive compensation program is grounded in pay-for-performance to align the Company’s strategic priorities and interest with those of its stakeholders Design of Executive Compensation Majority of executive compensation is considered at risk (2018) Base
Slide 11: Fostering an Engaged and Energized Workforce
Governance Fostering an Engaged and Energized Workforce • Focus on empowering our employees which 2018 Gender Representation at Enbridge fosters a sense of purpose and value • Provide leadership and development Senior Leadership Entire Workforce Positions opportunities through rotational assignments
Slide 12: Safety & Asset Integrity
Our ESG Priorities: Safety & Asset Integrity
Slide 13: Our Safety Performance and Culture
Safety & Asset Integrity Our Safety Performance and Culture We place the highest priority on the health and safety of our workforce and the members of our community Total Recordable Incident Frequency Our Safety Culture: (Recordable incidents x 200,000 hours/total hours worked) • Leaders are respons
Slide 14: Environmental stewardship in our operations
Safety & Asset Integrity Environmental stewardship in our operations We take a lifecycle view of Liquids Pipelines Releases Gas Transmission Releases integrity management 14 35 14 from design and construction, monitoring 12 13 and prevention, leak detection and 30 community outreach and engagement 1
Slide 15: Highest Total Inspection Miles; Lowest Releases
Safety & Asset Integrity Highest Total Inspection Miles; Lowest Releases Our industry leading pipeline integrity inspection program has resulted in one of the lowest release rates per volume of liquids transported Industry-leading Liquids Pipelines Safety Performance (2014-2018; Total inspection mil
Slide 16: Emergency Preparedness & Response
Safety & Asset Integrity Emergency Preparedness & Response Emergency preparedness/response plans are regularly reviewed, audited, updated and tested • Enbridge’s emergency management process addresses the safety of our workforce and the integrity of our assets • Our comprehensive emergency response
Slide 17: Innovation at Enbridge
Safety & Asset Integrity Innovation at Enbridge Enbridge is committed to pursuing innovative solutions to drive higher levels of safety, reliability and productivity in how we deliver energy • We employ leading commercialized technologies – Next generation in-line inspection enabling unprecedented a
Slide 18: Community & Indigenous Engagement
Our ESG Priorities: Community & Indigenous Engagement
Slide 19: Building trust through meaningful, lifecycle engagement
Community & Indigenous Engagement Building trust through meaningful, lifecycle engagement • Guided by our Corporate Social Responsibility Community Engagement Process Policy, we are committed to clear, honest and respectful dialogue and to timely stakeholder engagement Identify and engage with regio
Slide 20: Indigenous Peoples Policy – Guiding Principles
Indigenous Peoples Policy – Guiding Principles Rooted in respect for Indigenous rights and interests where we operate Understand the history Recognize legal and Recognize importance of Engage in forthright and Extend project benefits and culture constitutional rights the UNDRIP sincere consultations
Slide 21: Indigenous Peoples Engagement Framework
Community & Indigenous Engagement Indigenous Peoples Engagement Framework Our Indigenous Peoples Policy (IPP) sets out the principles which govern the company’s engagement framework • Engagement framework is based on Lifecycle engagement which extends past the project phase Enbridge Indigenous Peopl
Slide 22: Policy in Action – Line 3 Replacement Program
Community & Indigenous Engagement Policy in Action – Line 3 Replacement Program • Provided funding and collaboration on cultural walks/tours, cultural land blessing ceremonies, Indigenous participation in archeological work, and traditional land use studies • Secured 58 voluntary agreements with 95
Slide 23: Indigenous Engagement
Indigenous Engagement “Enbridge’s door is always open” For many of us, the decision to either oppose or find ways to influence and benefit from the project was not easy, but we did choose to engage with Enbridge. We worked with them and found ways to ensure environmental protections, and ways to sec
Slide 24: Fueling quality of life in our communities
Community & Indigenous Engagement Fueling quality of life in our communities We fuel futures through community investments - partnering with local organizations and championing solutions for safe, vibrant and sustainable communities • Collaborate with local stakeholders to identify organizations and
Slide 25: Energy Transition & Climate Change
Our ESG Priorities: Energy Transition & Climate Change
Slide 26: Meeting the Dual Energy Challenge
Meeting the Dual Energy Challenge Providing the energy that fuels quality of life and prosperity – while addressing climate change Growing Global Energy Demand1: IEA Scenarios: Under SPS emissions continue to grow; All forms of energy will be needed SDS trajectory necessary to meet Paris goals (Mega
Slide 27: Innovation is needed across the entire energy system
Innovation is needed across the entire energy system 1 2 3 4 Fuel Switching More Renewables Energy Efficiency Cleaner Oil & Gas • Move from higher carbon • Can increasingly compete • Fuel standards • Reduce GHG intensity of to lower carbon sources on cost • Demand-side oil and natural gas like natur
Slide 28: What Enbridge is Doing
What Enbridge is Doing Resilient Energy Infrastructure1 is Enbridge’s first report addressing TCFD recommendations. • Discusses our evolving approach to integrating climate risks and opportunities into our governance structure and strategic planning, and how we identify and mitigate risks. • Outline
Slide 29: Reducing GHG Emissions in Our Operations
Our Actions Reducing GHG Emissions in Our Operations • Developing next generation GHG emissions reduction targets for our operations (previously set and met targets to reduce emissions 21% below 1990 levels between 2005 and 2016). • Implement GHG emission reduction strategies. • Reducing methane emi
Slide 30: Reducing customers' energy use and GHG impact
Our Actions Reducing customers’ energy use and GHG impact • Partnered with Hydrogenics to develop North America’s first utility-scale Power-to-gas facility, which takes surplus electricity and stores it in our pipeline system where it’s blended to reduce carbon content. • Between 1995 and 2017 Utili
Slide 31: Diversification and Low-Carbon Solutions
Our Actions Diversification and Low-Carbon Solutions Growing Offshore Wind Assets Growing Proportion of Lower-Carbon Natural Gas complement Enbridge’s North American Enbridge Total Net Assets by Core Business Segment ($B, Year End) renewables portfolio Power & Energy Services $7.8B committed to 42%
Slide 32: Resilient Strategy in a Lower-Emissions Future
Resilient Strategy in a Lower-Emissions Future Liquids Pipelines Gas Transmission • Connected to low-cost • N.A major player in supplying refiners across N.A. global gas markets • Critical component of Resilient under all • Connected to low-cost supply export value chain IEA scenarios basins across
Slide 33: Resources: ESG & Sustainability at Enbridge
Commitment to a best practice approach Resources: ESG & Sustainability at Enbridge Reporting Policies E&S Management Enterprise Policies E&S Disclosure systems • Statement on Business • Annual CSR & • Enterprise Risk Conduct Sustainability Report Management • Corporate Social • Climate report (align
Slide 34: Contacts
Contacts Visit us at enbridge.com Jonathan Morgan, Vice President, Investor Relations Jonathan.Morgan@enbridge.com Max Chan, Vice President, Treasury Max.Chan@enbridge.com Jennifer Varey, Director, CSR & Community Investment Jennifer.Varey@enbridge.com 34