SUSTAINABILITY MATERIALITY ASSESSMENT
To ensure the relevance of our reporting, we actively engage with key internal and external stakeholders through environment, social and governance materiality assessments. During these assessments, we evaluate issues against two criteria: impact to our business and importance to stakeholders.
To develop a list of environment, social and governance issues relevant to Ovintiv and our shareholders, we utilize international sustainability reporting standards, perform gap analysis 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 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 in addition to integrating our findings with Ovintiv’s enterprise risk management program.
Sustainability Materiality Assessment Priorities
- Emissions Reductions
- Spill Prevention
- Water and Waste
- Induced Seismicity
- Legacy Assets
- Occupational Health and Safety
- Human Rights and Indigenous Peoples’ Rights
- Diversity, Equity and Inclusion
- Community Engagement
- Climate Transition Risk
- Critical Incident Risk Management
- Board Leadership and Renewal
- Business Ethics
- Sustainability-based Compensation Metrics