How We Report

Corporate Responsibility

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History and Scope

Canadian Natural has been producing a Stewardship Report to Stakeholders since 2004, covering key aspects of our performance that are relevant to stakeholders. This report focuses on the health and safety, asset integrity, environmental, innovation, community and economic factors that reflect our ongoing commitment to social responsibility and continuous improvement. It also 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, often in context with multi-year trends and goals for future performance.

The report also provides 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. It features information about Canadian Natural’s economic contributions in our operational areas and beyond. Our intent is to ensure the content in our annual sustainability reporting reflects the key environmental, economic, social and governance issues considered most critical to the Company and our stakeholders.

Reporting Frameworks 

The core of the report is performance information based on internal Key Performance Indicators and a number of external assessment processes, including the Global Reporting Initiative (GRI) sustainability reporting guidelines. Canadian Natural continually assesses the appropriate level of reporting to provide value to investors and stakeholders, and for continuous improvement.

Our 2017 Stewardship Report to Stakeholders includes social, economic and environmental disclosures from the GRI Sustainability Reporting Standards and the GRI Oil and Gas Sector Supplement. The GRI Standards were developed with the goal of consistent, higher quality reporting, focused on material issues, and designed as a consolidated framework for reporting performance against different codes and norms for sustainability. They encompass harmonization with other global frameworks, including the Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises, the United Nations (UN) Global Compact Principles, and the UN Guiding Principles on Business and Human Rights.

Our 2017 report outlines performance in 2017 and provides a four-year performance trend, (with data from 2013 through December 31, 2017), as well as ongoing projects that continue through or are scheduled for 2018.

Issues of the highest importance during 2017 are highlighted in the Report to Stakeholders. These topics and others are then covered in further detail as part of our comprehensive Corporate Responsibility section on our website. Our 2017 GRI Content Index contains standards and other material aspects covered throughout our reporting, as well as where to locate that information within the Report, our corporate website and other public documents. Main topics highlighted in our Report include:

To continue providing diligent reporting of our performance, and to align with stakeholder and shareholder expectations, our 2017 sustainability reporting has been enhanced with respect to climate-related disclosure and risk, including consideration of the Financial Stability Board (FSB) Task Force recommendations. The FSB is an international body that monitors and makes recommendations about the global financial system.

To improve our reporting, we also engage with stakeholders. Feedback we receive from communities, Indigenous groups, employees, investors and governments is incorporated into our reports.

In addition to the information provided in the annual Stewardship Report to Stakeholders and the Corporate Responsibility section of our website, we also participate in the Carbon Disclosure Project (CDP), and provide information to external parties that compile corporate social responsibility data for clients and investors. You can access our 2018 CDP submission here.

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 appropriateness of 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 also helps us identify relevant issues.

Read more about our Sustainability Governance and Stewardship.