Global energy needs are evolving, with overall demand expected to increase amid a transition to a lower carbon economy. ARC has both the responsibility and opportunity to successfully meet these energy needs both today and into the future by safeguarding its ESG strategies and practices and generating strong returns.
By maintaining our leading ESG performance and delivering long-term profitability and value to our stakeholders, our goal is to be Canada’s progressive energy leader. To support this objective, we have identified the following key focus areas:
1. Climate Strategy
Continued focus on emissions reduction and mitigation through the application of clean technologies, the use of alternate fuel sources and electrification of existing and new facilities.
2. Commercial Opportunities
The pursuit of commercial initiatives with joint shareholder and stakeholder benefits.
3. Social and Governance Structures
Continue to progress and integrate our holistic approach to sustainability on the full suite of ESG factors.
Maintain and progress ARC’s position as an ESG leader through enhanced reporting and disclosure.
To guide the Company’s efforts, ARC has developed an ESG framework that examines the key risks and opportunities to the organization, as well as contemplates the larger purpose that the Company serves in creating a better world for everyone. The framework outlines guiding principles, core commitments, and measurable, ESG-specific goals and targets.