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Suncor Issues Its Annual Report on Sustainability and Climate Report

Suncor Issues Its Annual Report on Sustainability and Climate Report

Published 08-21-23

Issued by Suncor Energy Inc.


Suncor provides a comprehensive disclosure of its ESG performance through its annual Report on Sustainability and Climate Report.

Report Highlights

Suncor broke new ground when we first began reporting our sustainability performance in the mid-1990s. Twenty-eight years later, the Report on Sustainability and its companion publication, the Climate Report, continue the practice of disclosing our progress in more than a dozen areas of environmental, social and governance (ESG) performance.

Suncor’s 2023 Climate Report and Report on Sustainability are now available.

“We take our performance in environmental, social and governance (ESG) areas seriously. This is why we disclose our sustainability performance every year through these comprehensive reports,” says Jon Mitchell, Suncor’s Vice President - Sustainability. “The audience continues to grow because a lot of groups important to our company, from Indigenous Peoples to investors to regulators, want to know what we are doing to operate a sustainable business, our efforts to improve and our plans to be successful in a low-carbon future.”

The Report on Sustainability covers 19 different ESG areas. Some of Suncor’s 2022 highlights include:

Improving environmental performance in 2022

  • 13% reduction in freshwater withdrawal since 2018
  • 94% water recycle rate for mining and in situ operations
  • 1 million tree and shrub seedlings planted
  • 362 hectares reclaimed at our oil sands operations

Creating strong partnerships in 2022

  • $3.1 billion spent with Indigenous-owned suppliers, which represents 20% of our overall spending on procured goods and services
  • 5.4 per cent of Indigenous employees in our overall workforce

Investing in communities and people in 2022

  • $40 million contributed to community, charitable and non-profit groups in communities where we operated
  • 27% of our employees participated in SunCares, our employee giving program
  • More than 105,000 hours volunteered by employees and $6.2 million employee donations to community organizations

The Climate Report charts our progress made on our climate objectives in our strategy. Highlights from this year’s report include:

A pathway to net zero 

  • Achieve net zero GHG emissions in our operations by 2050 and reduce emissions by 10 megatonnes (Mt) across our value chain by 2030. 10 Mt is equivalent to the annual average emissions of 2.3 million Canadian homes.
  • $540M spent on low-carbon projects in 2022, in line with our 10% of capital allocation commitment to low-carbon energy
  • Became Alberta’s 4th largest electricity operator in 2022 by generating low-carbon power through our cogeneration fleet  

 Download the 2023 Report on Sustainability and 2023 Climate Report here. Any questions or comments regarding the reports can be sent to  

Media Contact:

Suncor Energy Inc.

Suncor Energy Inc.

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development, production and upgrading; offshore oil and gas; petroleum refining in Canada and the U.S.; and the company's Petro-Canada retail and wholesale distribution networks (including Canada's Electric Highway™, a coast-to-coast network of fast-charging electric vehicle stations). Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor has been recognized for its performance and transparent reporting on the Dow Jones Sustainability index, FTSE4Good and CDP. Suncor is also listed on the UN Global Compact 100 stock index. Suncor's common shares (symbol: SU) are listed on the Toronto Stock Exchange and the New York Stock Exchange.

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