Suncor Energy reports the release of its 2010 Report on Sustainability - a comprehensive review of the company's environmental, social and economic performance for the year. The report, themed "Energy. Innovation. Commitment," outlines Suncor's performance in 2009 and provides key five-year performance trends.
As a result of the 2009 merger with Petro-Canada, this year's report includes consolidated social and environmental data from both companies, including historic data where available.
"This report highlights not only our continued investment in innovation and growth as we responsibly develop Canada's oil sands, but also addresses some of the challenges we face," said Rick George, President and CEO, Suncor Energy. "As a company, we will continue to lead by example, be candid about our sustainability challenges and be forthright about potential solutions."
The report outlines Suncor's four environmental performance goals and what will be required to accomplish them. All of the proposed reductions are absolute, except for energy efficiency which is intensity-based:
• Reduce fresh water consumption by 12 per cent by 2015;
• Increase reclamation of disturbed land area by 100 per cent by 2015;
• Improve energy efficiency by 10 per cent by 2015;
• Reduce air emissions by 10 per cent by 2015.
Performance highlights from the report include:
• Significant strides in water management. In 2009 alone, Suncor's mining operations achieved an 11 per cent reduction in fresh water withdrawal compared to 2008, bringing the reduction to 27.5 per cent since 2004.
• Improvements in how we manage tailings at our oil sands mining operations. Our new TROTM process helps transform fluid tailings ponds into solid landscapes suitable for reclamation.
• Progress on climate change. Our climate change action plan has contributed to a 53 per cent decrease in mineable oil sands greenhouse gas emission intensity from 1990 levels.
Suncor compiled the 2010 Report on Sustainability in accordance with the Global Reporting Initiative G3 Guidelines - an internationally recognized standard in sustainability reporting. As in previous years, an independent third party verified a number of performance indicators. Suncor also enlisted the guidance of Ceres, a network of investors, environmental groups and other public interest groups in developing the report.
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