12.07.2015 Views

Our corporate responsibility. - ARC Resources Ltd.

Our corporate responsibility. - ARC Resources Ltd.

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We carry out internal and third party independent safety audits as soon as we acquire any property and upgrade faulty or hazardousequipment if any exists. We also carry out regular audits on our own facilities. <strong>ARC</strong> has emergency plans in place that prepare us foremergencies that can threaten people, the environment and our operations.ecoNoMYLike any other business, our goal is to be a profitable company generating long-term value for our investors. We also believe that our roleis to contribute to the prosperity of the Canadian economy at large. We infuse capital into the economy through employment incommunities across the four western Canadian provinces, support of local not-for-profit organizations, distributions to our unitholders,payment for services to our suppliers and contractors, and payment of crown royalties and municipal taxes. <strong>ARC</strong> contributed $128 millionin salaries, bonuses, and benefits over the past three years and since inception have spent $1.7 billion on capital projects, $1.2 billion onoperating activities, paid $1.3 billion in royalties and distributed approximately $3 billion to our owners. Whenever <strong>ARC</strong> purchases a newasset, we infuse money and people into the areas to improve operations and use local goods and services as much as possible.<strong>Our</strong> contributions to the economy are significant, from spending on capital projects and operating activities, to royalty payments togovernments, and distributions to our unitholders. The indirect economic impacts of <strong>ARC</strong>’s contributions then multiply, as investors andsuppliers invest that income in the Canadian economy through the purchase of goods and services, payment of taxes, and the creationof new businesses.coMMuNitY iNVoLVeMeNtBecause communities give so much to <strong>ARC</strong> in terms of important infrastructure and access to resources, we believe in giving back tocommunities. Over time, governments have reduced their commitments in key areas of health and social programs, leaving business topick up the slack. We are overwhelmed with requests for financial assistance for many deserving causes. We have made a <strong>corporate</strong>decision to focus on specific areas of support. These areas are: health and wellness, social services, sports and recreation, arts and culture,and education. In 2007, <strong>ARC</strong> donated over $1.7 million to a total of 258 organizations. <strong>ARC</strong> has made major commitments to the UnitedWay, the Calgary Children’s Hospital, STARS air ambulance, the Canadian Sport Centre Calgary and the Alberta Cancer Foundation.We support some organizations on a one-time basis only, but we prefer to form partnerships for longer term development. Each of ourfield offices has the discretion to channel funds to community and social organizations in communities that host our operationsand employees.coNtiNuAL iMpRoVeMeNtWe understand that we are not perfect and don’t always meet everyone’s expectations, but we are committed to operating our businessin a responsible manner. Striving toward excellence is an integral part of our <strong>corporate</strong> philosophy. We have commenced <strong>corporate</strong><strong>responsibility</strong> reporting even though we are not able to tell a complete story. We believe that <strong>corporate</strong> <strong>responsibility</strong> is essential and ourstakeholders are interested in learning about <strong>ARC</strong> from all perspectives – not just the financial one. We have much more to do and weare working hard to get there. It is our goal to publish this report on a regular basis to keep our stakeholders apprised of our achievements,and our desire to do better in areas that need improvement.John P. DielwartPresident & Chief Executive Officer62 Corporate Responsibility

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