Views
3 years ago

View Report - SocialFunds.com

View Report - SocialFunds.com

Suncor pursues a

Suncor pursues a “triple bottom line vision” of sustainable development—we maintain that energy development should occur in a way that provides economic prosperity, promotes social well-being and preserves a healthy environment. performance at a glance As a responsible energy developer, Suncor strives for excellence in economic, social and environmental performance. Below is a snapshot of our priorities in 2007 and 2008 and how we performed against those priorities: Pursue Zero Injuries Employee lost-time injury and recordable injury frequency continued to decline as employees and contractors embraced our Journey to Zero safety culture. Suncor also launched a major initiative to enhance process safety management. But the death of Finning Canada employee Kevin Grocutt at the Millennium Mine in July 2008 was a tragic reminder of why we must constantly seek safety improvements. Reduce Our Environmental Footprint We continued to make advances in reusing and recycling water resources. As a result, Suncor’s absolute water use has declined by 22 percent over the last six years. We made advances in progressive land reclamation and piloted research into new technologies to accelerate the pace of tailings pond reclamation. Suncor is on track to achieve an industry first in 2010 by completing surface reclamation of Pond 1, our original tailings pond. Address the Climate Change Challenge Suncor established a team of senior leaders to identify the best opportunities for improving energy efficiency and for reducing greenhouse gas emissions across our operations. We continued to investigate and advance potential emissions-reducing technologies, including carbon capture and storage. We also opened our fourth (and largest) wind power project near Kincardine, Ontario. Invest in Healthy Communities Suncor invested a total of $24.9 million in hundreds of charitable and non-profit organizations in communities where we operate. We worked with stakeholders to address housing needs and other infrastructure challenges in the Wood Buffalo region and we funded the construction of a new $55 million interchange on Highway 63, north of Fort McMurray. We also entered a partnership with the Fort McKay First Nation to establish a business “incubator” to promote economic development and entrepreneurship. Generate Prosperity and Opportunity In 2007 and 2008, Suncor paid approximately $2.6 billion in royalties to the Alberta government and another $2 billion in property and excise taxes to all three levels of government. Suncor spent a total of $16.5 billion on goods and services, including $367 million on direct purchases from Aboriginal businesses in the Wood Buffalo region. Promote Sustainable Development Suncor continued to work closely with a range of multistakeholder groups—including the Boreal Leadership Council, the Regional Aquatics Monitoring Program and the Cumulative Environmental Management Association— to encourage responsible energy development. We entered into partnerships with the Alberta Conservation Association and Ducks Unlimited to establish specific conservation projects. We also co-founded the Oil Sands Leadership Initiative, a group of six oil sands producing companies dedicated to making tangible improvements to environmental, social and economic performance of the oil sands industry. Suncor Energy Inc. 2

The Global Reporting Initiative (GRI) recommends assessing performance to understand contributions to, and impacts on, society. We use the most recent Canadian data and statistics available to provide systemic indicators that reflect the regional and national impacts of our operations. Reclamation area 8 at Suncor’s oil sands facility. environment social Air Emissions (thousand tonnes/year)* 04 05 06 07 08 Lost-time Injury Frequency (Injuries per 200,000 hours worked) 04 05 06 07 08 Oil Sands Natural Gas R&M – Canada R&M – U.S.A. Suncor Energy 62.0 5.8 3.9 4.5 76.1 59.7 5.3 4.1 3.9 73.0 68.4 7.0 3.2 2.9 81.6 73.2 5.5 4.0 2.0 84.7 76.3 4.6 3.8 1.7 86.4 Suncor employees Suncor contractors 0.20 0.14 0.21 0.15 0.09 0.12 0.06 0.04 0.17 0.09 *Air emissions include SO 2 , NOx and VOC emissions. economic Net Production (thousands of boe/day) * 04 05 06 07 08 Water Withdrawal and Use (million m 3 ) 04 05 06 07 08 Oil Sands Natural Gas 226.5 36.8 171.3 34.8 260.0 34.8 235.6 35.8 228.0 36.7 Water withdrawn Water used 83.0 44.4 82.1 39.0 84.6 34.4 82.2 29.8 77.8 41.8 * 2005 oil sands production was affected by a January fire that damaged one of two upgraders. Land Use at Oil Sands (cumulative hectares) 04 05 06 07 08 Installed Wind Capacity (megawatts) * 04 05 06 07 08 Land disturbed Land reclaimed Per cent reclaimed 9 654 858 8.9 11 296 912 8.1 13 093 949 7.2 15 447 1 007 6.5 17 749 1 019 5.7 41 41 71 147 147 * Production capacity at wind farms in which Suncor is a partner. 3 2009 summary report on sustainability

2008 Corporate Sustainability Report - SocialFunds.com