Managing risks, seizing opportunities and advancing sustainability
Company-wide climate policy accompanies Enbridge’s 13th annual CSR Report
The climate conversation is changing. Enbridge is changing along with it.
Over the past year, we held extensive discussions on Enbridge’s role in a lower-carbon future—our challenges related to climate change as an energy transportation leader, and how we’re prepared to respond to new climate risks and opportunities.
One result of these discussions is Enbridge’s updated company-wide climate policy, which was announced Thursday as part of Enbridge’s 2015 Corporate Social Responsibility (CSR) & Sustainability Report.
“2015 was a pivotal year for the energy industry, and one in which the connection between energy, environment and the economy came into even sharper focus,” says Enbridge Inc. president and CEO Al Monaco.
Enbridge’s ability to understand the connections between energy market fundamentals, low oil and natural gas prices, public expectations, and plans for climate action, adds Mr. Monaco, “is critical to our ability to ensure the long-term sustainability of our business.”
Our 2015 CSR & Sustainability Report, like its 12 annual predecessors, contains detailed information on how Enbridge is applying sustainable development principles and practices in multiple focus areas—from research and innovation to business ethics to environment and land management.
Among the highlights of our 2015 CSR & Sustainability Report:
- We invested $19 million in more than 750 North American charitable, non-profit and community organizations;
- We spent more than $925 million on maintaining system fitness and detecting leaks across our North American pipeline operations, for a $4.9 billion investment over the past four years;
- We continued a three-year downward trend in crude oil spill numbers and volumes from our pipelines;
- We spent more than $63 million in procuring goods and services from Aboriginal businesses, contractors and suppliers in Canada; and
- We participated in more than 360 drills, exercises and equipment deployments to test and sharpen our emergency preparedness.
As for Enbridge’s role in a lower-carbon future, our updated climate policy recognizes that the world must find new ways to meet increasing demand for energy from a growing global population, while limiting the greenhouse gas (GHG) emissions that cause climate change. Our updated policy commits us to:
- Adopt multi-year plans and goals for carbon reduction and energy efficiency;
- Integrate climate risk into business development;
- Integrate climate considerations into supply chain management;
- Expand access to natural gas and renewable energy; and
- Expand consumer access to energy efficiency programs and services through our gas utility, Enbridge Gas Distribution.
“As a company with businesses that span the energy spectrum, from oil pipelines to natural gas distribution and processing to renewable energy and transmission, we believe we are uniquely positioned to contribute to advancing energy diversification while ensuring energy supply,” says Mr. Monaco.
In 2015, Linda Coady, Enbridge’s Chief Sustainability Officer, served as an advisor on Alberta’s Climate Change Advisory Panel—which provided recommendations to the Alberta government for reducing the province’s greenhouse gas (GHG) emissions.
“My experience on the panel,” says Ms. Coady, “indelibly impressed upon me the broad range of opportunities available to companies, communities and individuals interested in acting on climate issues.”
More information on the 2015 CSR & Sustainability Report, including our strategic priorities and 2015 performance, can be found online.