Corporate Responsibility

Canadian Natural believes in working together for Canada’s long-term energy future, with Canada’s abundant resources supplying responsible energy the world needs. Our strong Management Committee and dedicated workforce align with our mission, vision and corporate values, which guide our commitment to responsible development. 

We regularly engage with stakeholders to create shared value from our activities, creating jobs and government revenues to fund public services. 

We embrace safety excellence, as we continuously work towards our goal of “no harm to people; no safety incidents”. 

We invest in technology and innovation, and collaborate with industry to improve our environmental performance. 

Working together at Canadian Natural is a commitment to doing it right, continuously improving and providing execution excellence towards growing a world-class company. Our leading environmental, social and governance (ESG) approach reflects our long-term commitment to sustainable development and creating value for stakeholders. 

Our Vision

Canadian Natural is growing a world-class crude oil and natural gas company.

Our Mission Statement

To develop people to work together to create value for the Company’s shareholders by doing it right with fun and integrity.

Our Approach

We are helping meet global energy needs and we do this by conducting all of our operations in a way that identifies, minimizes and mitigates harm to the health and safety of employees, contractors, the public and the environment.

We work cooperatively and effectively with communities, government agencies and interested stakeholders to reduce potential impacts of our operations and to maximize opportunities for economic participation locally and regionally.

We are committed to a long-term presence in the communities where we operate. Our business activities and community investments contribute to the economies and quality of life where we do business. We work together with community and industry groups to ensure a better, sustainable energy industry.

We integrate health and safety, environment, asset integrity and community engagement into all aspects of our operations.

ESG and Sustainability Reporting

Downloads

• Stewardship Report to Stakeholders – sustainability report
• CDP Climate Change Questionnaire – measurement and disclosure of management of carbon (including low carbon opportunities) and climate change risk
• 2019 GRI, SASB and SDG Content Index – list of standards and material aspects covered throughout our sustainability reporting, with links to where information is provided within the Report, the Corporate Responsibility section on our corporate website, and other public disclosures.
• TCFD Disclosures Index – list of climate related disclosures in our reporting (and links) associated with the FSB TCFD recommendations.
• Annual Information Form (AIF)
• Management Information Circular

Stewardship Report to Stakeholders

Scope of the Report

Canadian Natural has been producing our Stewardship Report to Stakeholders since 2004 to report on our ongoing commitment to social responsibility and continuous improvement. This Report provides a performance overview across the full range of Canadian Natural’s operations in Western Canada, the UK portion of the North Sea and Offshore Africa for each calendar year, in context with a four-year performance trend and goals for future performance. The report also includes a number of examples of how our performance commitment is put into action to create a connection between the performance data and Canadian Natural’s programs. 

We continually assess the level of reporting to provide value to investors and stakeholders, and for continuous improvement. We are committed to reporting regularly to reflect the key economic, environmental, social and corporate governance (ESG) issues considered most critical to the Company and our stakeholders.

Reporting Frameworks

The core of the Stewardship Report to Stakeholders is performance information based on key internal indicators and a number of external assessment processes and sustainability reporting guidelines. To provide consistent, comparable, high quality reporting focused on material issues, our Report includes disclosures from consolidated global frameworks. Our report aligns with:

• Global Reporting Initiative (GRI) Standards, including the GRI Oil and Gas Sector Supplement.
• Recommendations from the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD). We continue to enhance our disclosures of environmental targets and performance, governance, risk management, social and financial aspects.
• Sustainability Accounting Standards Board (SASB) disclosures and metrics, including Oil & Gas – Exploration and Production, Metals and Mining, and Oil & Gas – Midstream standards. SASB metrics will be evaluated on an ongoing basis for potential additional disclosure.
• United Nations Sustainable Development Goals (SDGs). Our activities contribute mainly towards nine SDGs, and we reference them in our Content Index. 
  

We continue to participate in the CDP Climate Change Questionnaire and provide information to external parties that compile corporate social responsibility data for clients and investors.

We are committed to providing diligent reporting of our ESG performance and aligning with evolving stakeholder and shareholder expectations. Our continuous improvement processes for reporting also incorporates feedback received through stakeholder engagement, including communities, Indigenous groups, employees, investors and governments.

Issues Identification

Canadian Natural has an internal audit team of experts and leaders in the key reporting areas. The team reviews the Stewardship Report to Stakeholders for balance, accuracy and relevance to stakeholders. They regularly assess the issues, performance indicators and disclosures covered, and adjust as needed to reflect the evolution of our business activities, as well as the environmental, economic and social aspects of importance to the Company and our stakeholders. Information from ongoing stakeholder dialogues and industry benchmarking also helps us identify relevant topics. Main topics highlighted in our Report include:

For more information, read our 2019 Stewardship Report to Stakeholders.