about this report

a message from Patrick Daniel and James Blanchard

James Blanchard (Left) Chair, CSR Committee of the Board Patrick Daniel (Right) President & CEO Enbridge Inc.

We are proud to report that, throughout 2005, Enbridge continued to illustrate that strong achievement in the area of corporate social responsibility goes hand-in-hand with strong corporate financial performance.

Our performance as measured by greenhouse gas emission reduction, environmental spill prevention, safety statistics, customer satisfaction, corporate giving and employee involvement, were all improved. At the same time, we provided our shareholders with a 25.5 per cent total return (trading on the Toronto Stock Exchange) and grew adjusted operating earnings by 9.4 per cent. For the long term, we announced many new projects to move much needed energy to our customers around the world.

This report describes our corporate social responsibility accomplishments over the past year and reviews some of our strategies for remaining among the world’s top 100 sustainable corporations. The focus of our 2006 CSR report – Our Community Partners – is relevant and timely. That’s because we believe that the trust placed in us by all of our community partners is a key element if Enbridge is going to continue to be successful at achieving both sustainable growth and increased corporate value.

We define our community partners to include indigenous peoples, non-governmental organizations, environmental groups, not-for-profit charitable organizations and the communities where we do business. Our philosophy has always been that a win-win relationship with our community partners will afford us the opportunity to achieve sustainable growth and create new value.

We also realize the need to raise the CSR bar to ensure we operate responsibly and with integrity, and that we listen and respond to the concerns of our stakeholders. This is going to be particularly true as we deal with one of industry’s most significant issues – the need to attract and retain skilled employees. We believe that employees want to work in an industry and with companies that are focused on the fundamentals of CSR – and that are able to clearly show how they are making progress in this area.

At Enbridge, we view CSR as a disciplined approach and commitment to how our company acts in dealing with society. We have a formal set of corporate values that guide us in how we behave and interact with our stakeholders. We want all of our employees to live these values as part of their daily activities so we can fulfill our economic, social and environmental commitments to our stakeholders.

Our CSR Report is one of the most important and transparent ways our company has of communicating how we are doing in meeting our social obligations. And while our leadership on CSR is a source of pride for us, we will continue to reach for even higher levels of performance.

Patrick D. Daniel President & Chief Executive Officer

James J. Blanchard Chair, CSR Committee of the Board