Company outlines progress across environment, social and
governance priorities
CALGARY,
AB, May 10, 2024 /PRNewswire/ - Enbridge
Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today
published its 2023 Sustainability Report. This report provides an
overview of the Company's strategy and approach on sustainability,
and details progress towards achieving its environment, social and
governance goals.
These goals include reducing operational greenhouse gas (GHG)
emissions to achieve net-zero by 2050, achieving industry-leading
safety performance and improving diversity of the Company's Board
of Directors and throughout its workforce.
"Across Enbridge, our employees are advancing a sustainable
business strategy," said Pete
Sheffield, Enbridge Vice President and Chief Sustainability
Officer. "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.
"This integrated approach continues to yield positive results as
we maintain a focus on continuous improvement and long-term value,"
Sheffield adds. "In our 23rd Sustainability Report, we
update stakeholders on our progress against the sustainability
goals we set in 2020 and the work remaining. We also outline the
actions we're taking to deliver reliable, affordable energy to as
many people as possible sustainably. 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."
Highlights from the 2023 Sustainability Report Include:
Environment
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 the Company's robust GHG emissions disclosures,
expanding the categories of Scope 3 emissions that are reported on
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
Safety
- Achieved a 16% reduction in work-related injuries and safety
incidents among employees and contractors, surpassing the Company'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 the Company's Indigenous Reconciliation Action
Plan.
- Reached $2 billion in Indigenous
procurement and labour spending and committed to an additional
$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 & Inclusion
- Exceeded Company's Board of Directors diversity goals, with 50%
representation from underrepresented racial and ethnic groups and
50% women.
Enbridge's 2023 Sustainability Report was developed in
accordance with the Global Reporting Initiative (GRI) Universal
Standards and GRI 11 Oil and Gas Sector Standard. Sustainability
data disclosed in the Report uses the Sustainability Accounting
Standards Board (SASB) standards for Oil and Gas Midstream, and Gas
Utilities and Distributors and the 2023 ESG Datasheet includes the
Company's response to the recommendations of the TCFD.
Click to read the full Enbridge 2023 Sustainability Report and
the 2023 ESG Datasheet, including the TCFD.
About Enbridge
At Enbridge, we safely connect millions of people to the
energy they rely on every day, fueling quality of life through our
North American natural gas, oil, and renewable power networks and
our growing European offshore wind portfolio. We are investing in
modern energy delivery infrastructure to sustain access to secure,
affordable energy and building on more than a century of operating
conventional energy infrastructure and two decades of experience in
renewable power. We are advancing new technologies, including
hydrogen, renewable natural gas, and carbon capture and storage,
and are committed to achieving net zero greenhouse gas emissions by
2050. Headquartered in Calgary,
Alberta, Enbridge's common shares trade under the symbol ENB
on the Toronto (TSX) and
New York (NYSE) stock exchanges.
To learn more, visit us at enbridge.com.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Inc.
