Social & Governance

Canada’s oil and gas industry is regarded as a world leader in Environmental, Social and Governance (ESG) performance. In independent global rankings, Canada is rated #1 in both social responsibility and governance standards among the world’s top 10 oil reserve holding countries.

Our sector’s commitment to setting progressive targets for diversity, championing community investment programs, engaging meaningfully with Indigenous communities, and upholding the highest human rights and labour standards in the world puts Canada in an unparalleled position to be a supplier of choice the world's energy needs.  

All aspects of Canada’s oil and gas industry are regulated by provincial and federal regulators to ensure safe, responsible development. Take workplace health and safety. The sector has made great strides in recent years to provide safer workplaces for all. To illustrate, total recordable injury rates in the oil sands have decreased on average by nearly 60% since 2013.

While the industry continues to innovate in clean energy technologies such as wind, solar, carbon capture and storage, hydrogen, and biofuels, it is important to understand that traditional oil and gas production and consumption is expected to be a big part of the world energy supply mix for decades. The strong commitment from the Canadian energy sector to achieve world class social and governance standards, paired with our nation’s abundant natural resources, positions Canada’s oil and gas to be a leading choice for responsibly meeting the world’s energy needs for many decades to come.