Integrated Approach to Sustainability Yields Progress on ESG Goals

Rhea-AI Summary

Enbridge has published its 23rd Sustainability Report, showcasing significant advancements in environmental, social, and governance (ESG) goals. The report reveals a 37% reduction in greenhouse gas (GHG) emissions intensity and a 20% cut in absolute GHG emissions from the 2018 baseline. Methane emissions in natural gas operations have dropped by 40%, and work-related injuries have fallen by 16%, surpassing their 10% target. Additionally, Enbridge has reached C$2 billion in Indigenous procurement and labor spending, committing an extra C$1 billion by 2030. The company also boasts a diverse Board of Directors with 50% representation from underrepresented racial and ethnic groups and 50% women.

Positive

• 37% reduction in GHG emissions intensity.
• 20% reduction in absolute GHG emissions from 2018 baseline.
• 40% reduction in methane emissions in natural gas operations.
• 16% reduction in work-related injuries and safety incidents, exceeding a 10% improvement goal.
• C$2 billion in Indigenous procurement and labor spending, with an additional C$1 billion commitment by 2030.
• 50% representation of underrepresented racial and ethnic groups and women on the Board of Directors.

Negative

• Only 10 out of 22 goals in the Indigenous Reconciliation Action Plan have been met.
• Potential risks associated with achieving future ESG targets and maintaining progress.

Enbridge releases 2023 Sustainability Report on environmental, social and governance priorities

NORTHAMPTON, MA / ACCESSWIRE / May 20, 2024 / We published Enbridge's 23rd Sustainability Report, which details the solid progress we're making towards environmental, social and governance (ESG) goals.

"Every day, we strive to be the first-choice energy delivery company in North America and beyond-for customers, communities, investors, regulators, policymakers and employees," say Enbridge President and CEO Greg Ebel and Board of Directors Chair Pamela Carter in a message to readers. "We're proud of our strong record of governance and longstanding sustainability leadership and we remain focused on achieving the ambitious environmental, social and governance goals we set in 2020."

At Enbridge, we're proud of our ESG practices and performance and we're working diligently to deliver energy in a more planet-friendly way, everywhere people need it. The 2023 Sustainability Report outlines our solid progress on emissions reductions; safety performance; advancing Indigenous reconciliation and our work to build a more diverse and inclusive workforce.

"Across Enbridge, our employees are advancing a sustainable business strategy," says Pete Sheffield, Enbridge Chief Sustainability Officer and Vice President, External Affairs U.S. "We've set ambitious goals that align our teams in common-purpose and shared accountability to deliver the best possible solutions for a broad set of stakeholders."

Our 2023 Sustainability Report highlights:

Environmental Goals

Emissions

• Achieved a 37% reduction in GHG emissions intensity and a 20% reduction in absolute GHG emissions from our 2018 baseline.
• Reduced methane emissions in the Company's natural gas operations by 40% from the 2018 baseline.
• Continued our robust GHG emissions disclosures, expanding the categories of Scope 3 emissions on which we report and enhancing the transparency of Scope 3 emissions reporting.
• Provided an updated analysis of Enbridge's business under different climate-related scenarios, in alignment with the Task Force on Climate-related Financial Disclosures (TCFD).

Social Goals

Safety

• Achieved a 16% reduction in work-related injuries and safety incidents among employees and contractors, surpassing Enbridge's goal of achieving a 10% safety improvement over the previous three-year average.

Indigenous

• Advanced Indigenous reconciliation by meeting 10 of the 22 goals set out in our Indigenous Reconciliation Action Plan.
• Reached C$2 billion in Indigenous procurement and labor spending, and committed to an additional C$1 billion in cumulative Indigenous spending by 2030.

Workforce Representation

• Increased workforce representation of underrepresented ethnic and racial groups, U.S. veterans, women, Indigenous peoples and persons with disabilities.

Governance

Diversity, Equity and Inclusion

• Exceeded Enbridge's Board of Directors diversity goals, with 50% representation from underrepresented racial and ethnic groups and 50% women.

"This integrated approach continues to yield positive results as we maintain a focus on continuous improvement and long-term value. In our 23rd Sustainability Report, we update stakeholders on our progress against our goals and the work remaining," says Sheffield.

"We also outline the actions we're taking to deliver reliable, affordable energy to as many people as possible, with as little environmental impact as possible. And we acknowledge the steps we're taking to overcome challenges of yesterday and those before us today, with an eye towards securing opportunities tomorrow."

Click here for the full PDF version of our 2023 Sustainability Report here. Click here for the 2023 ESG datasheet, which includes our analysis that aligns with the TFCD.

View additional multimedia and more ESG storytelling from Enbridge on 3blmedia.com.

Contact Info:
Spokesperson: Enbridge
Website: https://www.3blmedia.com/profiles/enbridge
Email: info@3blmedia.com

SOURCE: Enbridge

View the original press release on accesswire.com

FAQ

What progress has Enbridge made in reducing GHG emissions in 2023?

Enbridge achieved a 37% reduction in GHG emissions intensity and a 20% reduction in absolute GHG emissions from its 2018 baseline.

How much has Enbridge reduced methane emissions in its natural gas operations?

Enbridge has reduced methane emissions in its natural gas operations by 40% from the 2018 baseline.

What safety improvements did Enbridge report in 2023?

Enbridge achieved a 16% reduction in work-related injuries and safety incidents among employees and contractors.

How is Enbridge advancing Indigenous reconciliation?

Enbridge has met 10 of the 22 goals in its Indigenous Reconciliation Action Plan and reached C$2 billion in Indigenous procurement and labor spending, with an additional C$1 billion commitment by 2030.

What is the diversity status of Enbridge's Board of Directors?

Enbridge's Board of Directors includes 50% representation from underrepresented racial and ethnic groups and 50% women.