ESG Materiality Assessment
To ensure the relevance of our reporting, we actively engage with key internal and external stakeholders through ESG materiality assessments. During these assessments, we evaluate ESG issues against two criteria: impact to our business and importance to stakeholders.
To develop a list of ESG issues relevant to Ovintiv and our shareholders, we utilize international sustainability reporting standards, perform gap analyses based on disclosure benchmarking and include feedback from stakeholder interaction throughout the year. Next, we meet with stakeholder groups through a formal, strategic process that incorporates both qualitative research and quantitative analysis to effectively evaluate the most relevant ESG issues.
We share the results of these assessments with our executive leadership team and the Corporate Responsibility and Governance (CRG) and Environmental, Health and Safety (EH&S) committees of our Board of Directors in addition to integrating our findings with Ovintiv’s enterprise risk management program.
ESG Materiality Assessment Priorities
- Emissions and Climate Change
- Induced Seismicity
- Spill Prevention
- Water and Waste
- Legacy Assets
Human Rights and Indigenous Peoples Rights
Occupational Health and Safety
Diversity, Equity and Inclusion
Climate Transition Risk
Critical Incident Risk Management