SUSTAINABILITY PRIORITY ASSESSMENT
To ensure the relevance of our reporting, we actively engage with key internal and external stakeholders through environment, social and governance priority assessments.
Our most recent detailed priority assessment concluded in 2021, and used an assessment approach designed with sustainability materiality assessment guidance contained within the standards and frameworks that we reference. Since then, we have considered ongoing feedback to affirm our priorities and ensure our reporting remains relevant.
To develop a list of environment, social and governance issues relevant to Ovintiv and our shareholders, we utilized international sustainability reporting standards, including the SASB profile for the oil and gas industry, performed gap analysis based on disclosure benchmarking and included feedback from stakeholder interaction throughout the year. Next, we met with stakeholder groups through a formal, strategic process that incorporated both qualitative research and quantitative analysis to effectively evaluate the most relevant issues against two criteria: impact to our business and importance to stakeholders.
Sustainability priorities are regularly reviewed and monitored by our executive leadership team as part of ongoing Board responsibilities.
Other Sustainability Priorities
Environment
- Emissions Reductions
- Spill Prevention
- Water and Waste
- Biodiversity
- Induced Seismicity
- Legacy Assets
Governance
- Climate Transition Risk
- Critical Incident Risk Management
- Board Leadership and Refreshment
- Business Ethics
- Sustainability-linked Compensation Metrics
- Cybersecurity