Carbon Disclosure Project - Encana

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Encana incorporates risk management principles as a part of all activities including developing strategic plans, preparingoperational plans and capital budgets, completing detailed project approval requests, designing and managing projectplans, operating facilities and plants, as a part of other management systems and generally in all decision makingprocesses. For instance, all project approval requests must incorporate a risk assessment and mitigation plan. In addition,risk analysis is incorporated into performance reporting and peer review of projects.Risk is evaluated, managed and documented consistent with guidelines, tools and framework advocated by Encana’sCorporate Risk Management Policy and other Encana risk management policies and tools such as Encana’s EH&S RiskMatrix. Risk is evaluated in terms of the impact on the following areas: people, environment, assets, financial/businessobjectives and reputation. The risk is assigned a probability of occurrence, with a resulting risk level ranging from low toextreme. Encana’s Risk Management Process includes nine areas: 1. Risk Content (scope, objectives, risk criteria andtolerances); 2. Risk Assessment; 3. Risk Identification; 4. Risk Analysis; 5. Risk Evaluation; 6. Risk Treatment Strategy; 7.Risk Reporting; 8. Risk Communication and 9. Risk Monitoring and Review.Determining Materiality: When assessing the materiality of environmental risk factors such as water-related risks, Encanatakes into account a number of qualitative and quantitative factors including, but not limited to, financial, operational,reputational and regulatory aspects of the identified risk factor. These risks are managed by executing policies andstandards designed to comply with or exceed government regulations and industry standards. In addition, Encana maintainsa system that identifies, assesses and controls safety, security and environmental risk and requires regular reporting toSenior Management and the Board of Directors.Other: CombinedMonitoring: Encana monitors, reviews and understands developments in current and emerging environmental policy andlegislation and considers the associated costs in its strategic planning. Encana’s invests in research and development,technology investment and environmental innovation programs to help mitigate potential water-related risks.Reporting: Risk management is a high priority with the Board and Encana's Executive Team. A quarterly risk report isprepared and presented to the Board and the Executive. A more comprehensive report of risks, grouped by financial,operational and strategic risks, is presented to the Board and Executive Team annually. These reports summarize Encana'srisks and the approach being taken to address them. In addition, detailed reports including risk analysis are prepared andpresented to the Executive Team and subcommittees of the Board, including the Corporate Responsibility, Environment,Health & Safety (CREHS) Committee, Audit Committee and Reserves Committee.Page: 2012-water-riskassess-sc3.3Do you require your key suppliers to report on their water use, risks and management?No
3.4Is your supply chain exposed to water-related risks (current or future) that have the potential to generate a substantive change in your businessoperation, revenue or expenditure?No3.4aPlease describe (i) the current and/or future risks to your supply chain, (ii) the ways in which these risks affect or could affect your operations beforetaking action, (iii) the estimated timescale of these risks and, (iv) your current or proposed strategies for managing them.Country or geographicalreachRisk type (to supplier)Potential businessimpact (to respondingcompany)Estimate timescale (years)Risk managementstrategies (byresponding company)Not applicable.3.4bPlease explain why you do not consider your supply chain to be exposed to any water-related risksThe use of water plays a crucial role in Encana’s ability to develop its natural gas resources. As mentioned in question 3.1.b, Encana has an area-specific approach toassessing risk factors including supply chain exposure to water related risk. All EH&S risks, including supply chain water related risks, must be identified and managed.Encana has not experienced any material supply chain water related risks to date.3.4cPlease explain why you do not know if your supply chain is exposed to any water-related risks that have the potential to generate a substantive change in yourbusiness operation, revenue or expenditure, and if you have plans to assess this risk in the future.Not applicable.Page: 2012-Water-4-Impacts4.1
Page 1 and 2: Carbon Disclosure Water Project 201
Page 4 and 5: Carbon Disclosure ProjectCDP Water
Page 6 and 7: 0.4ExclusionsAre there any geograph
Page 8 and 9: Yes1.1cPlease describe these water-
Page 10 and 11: GlobalDirectOperationsEncana is com
Page 12 and 13: GlobalCommunityEngagementBeyond its
Page 14 and 15: Not applicable2.2aPlease list the r
Page 16 and 17: GlobalUnited StatesOther:Reputation
Page 20 and 21: Has your business experienced any d
Page 22: 5.1bPlease explain why you do not c
Page 26 and 27: NoAre any water bodies and related

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