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ESG goals and targets

Driving progress and measuring what matters.

We’re dedicated to creating a better world for our communities, partners, employees and shareholders. That means we’re in the business of responsibility for a sustainable energy future. We focus on continuous improvement to be the best-in-class responsible energy producer. 

Environment goals and targets

Emissions

  • Reduce ARC’s corporate GHG emissions intensity and strive to be the lowest GHG emissions intensity upstream oil and gas producer in North America.
  • Reduce GHG emissions intensity by 20% by 2025, relative to the Company’s 2019 baseline.
  • Reduce methane emissions intensity by 20% by 2025, relative to the Company’s 2019 baseline.
  • Implement a minimum of 70,000 metric tonnes of carbon dioxide equivalent (tCO2e) emission reduction projects by 2025.
  • Reinvest up to 100% of carbon offset revenues into clean technology development and application to further reduce ARC’s corporate emissions profile.

Reclamation and remediation

  • Invest an average of $15 million in asset retirement activities over 10 years to further reduce ARC’s corporate environmental liability.
  • Reduce average abandonment, reclamation, and remediation costs by 10% through the application of new technologies, area-based closure programming, and procurement strategies.
Environment performance highlights

Social goals and targets

Health, safety, diversity and inclusion

  • Deliver industry-leading safety performance in total recordable injury frequency (TRIF) and lost-time incident frequency.
  • Reduce incidents with the potential to seriously harm people and the environment.
  • Create a formal strategy to build a diverse and inclusive workforce and strong culture of belonging.

Indigenous relations and communities

  • Acknowledge the role of business in reconciliation and commit to form meaningful relationships with Indigenous communities where ARC operates.
  • Continue to demonstrate leadership through active engagement with stakeholders and impacted Indigenous community members on subjects such as noise mitigation, induced seismicity, etc.
  • Commit a minimum of $3 million annually to community development initiatives.
Social performance highlights

Governance goals and targets

  • Ensure appropriate Board oversight on ESG matters through sub-committees.
  • Maintain Board structure of independent directors including the Board Chair.
  • Promote diversity and inclusion and continue with the established target of a minimum of 30% female representation on the Board and in Management.
  • Expand scope of third-party assurance of key ESG performance metrics.
  • Incorporate key performance metrics, including ESG-related metrics, into the Corporate Performance Scorecard to determine executive compensation.
Governance performance highlights

Related

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ESG reporting
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Ratings and recognition

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