Suncor Energy Releases 2005 Report on Sustainability
Calgary, Alberta Suncor Energy Inc. today released its 2005 Report on Sustainability ”“ a comprehensive review of the company’s social, economic and environmental performance in 2003 and 2004.
The 90-page report is published fully in accordance with the sustainability reporting guidelines of the Global Reporting Initiative (GRI). These internationally recognized guidelines aim to promote a consistent and transparent approach to triple bottom line reporting.
The report, entitled Stepping Forward Through Innovation and Technology, features more than 100 performance indicators in areas such as Suncor’s land and water use, health and safety and economic contributions. It also features a discussion of how emerging technologies, such as gasification and carbon dioxide capture, could help Suncor enhance the sustainability of its business.
“This report reflects our belief that the innovative application of technology will help our company and our industry move closer to sustainability, even as we enter a new era of oil sands growth,” says Rick George, Suncor’s president and chief executive officer. “Measuring and reporting our progress along the way are essential steps toward meeting our sustainability goals.”
Performance highlights outlined in the report include:
--A 32% decrease in greenhouse gas emission intensity between 1990 and 2004
--A 43% decrease in water withdrawal intensity from 2000 to 2004
--$13.9 million invested in communities in 2003 and 2004
Suncor has reported on its triple bottom line performance every two years since 1995. The 2005 report was audited by Deloitte & Touche LLP to verify selected performance indicators.
The complete report is available on Suncor’s website at www.suncor.com/publications.
Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. The company's sales in fiscal 2004 were just over $7 billion (US). Suncor’s oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. Suncor also has assets in the US. Suncor’s common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
Source: CSRwire, Suncor Energy Inc.