Sustainability
At Pembina, our purpose every day is to deliver extraordinary energy solutions so the world can thrive.
We have a strong track record of safe and reliable operations, protecting the environment, supporting communities in which we operate, and working with Indigenous communities to create mutually beneficial relationships.
Sustainability is in service of all of our stakeholders: customers, communities, employees, and investors.
- Employees – Our employees want to work for a company that’s forward-looking. They want to feel comfortable showing up as their authentic selves and want to see themselves represented at all levels of the organization.
- Investors – Our investors expect us to demonstrate how we’re transitioning to a lower carbon economy all while providing competitive financial returns.
- Communities – Our communities expect us to partner with them to provide local economic benefits and to protect environmental and cultural resources.
- Customers – Our customers need us to help them as they transition to a lower carbon economy while still ensuring the safety and reliability of our assets.
Together, with all of our stakeholders, we will continue to create a culture that fosters safety, values all people, celebrates diversity, and creates a healthier and more sustainable future for all.
- Scott Burrows, President & CEO
Our sustainability reporting has been developed using guidance from leading sustainability reporting standards, including the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI). Where applicable, we also reference the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Our reporting is designed to provide transparency and disclosure on our Environmental, Social and Governance (ESG) performance. Read our ESG Data & Reports.
To determine which sustainability-related areas are of highest priority to our business, we have taken a deliberate and robust approach to identify our material focus areas*, using a third-party materiality assessment that included broad engagement with capital markets and other stakeholders. Based on the results of this assessment, we have organized our report into six sustainability focus areas.
*The terms “material”, “materiality” and “materiality assessment” are used specifically in this report to identify the sustainability topics that we believe are important to our stakeholders. These definitions may not be the same as the meaning of “material” pursuant to applicable securities legislation.
Pembina’s commitment to strong and effective governance is foundational to our thriving and resilient business and supports our ability to operate successfully, mitigate risk and enhance value for our customers, investors, employees and communities.
Pembina’s Board of Directors
The Board recognizes the importance of ESG issues and fulfills its mandated duties directly and by delegating the following ESG related responsibilities to its four standing committees. Each committee of the Board has a charter that specifies the business objectives that are to be achieved as well as the roles and responsibilities of the committee chairs and members. Each of these charters outlines the connection between the committee and Pembina's stakeholders and our Purpose.
Diversity is important to our Board and to Pembina. The Board has a prudent mix of relevant skills and qualifications, including industry knowledge and experience, as well as a mix of age ranges and tenure, bringing diverse opinions to support balanced discussion and decision-making. The Board has a written diversity policy that serves as a framework for promoting diversity on the Board.
Further details on our approach to governance can be found on our governance page and in our Management Information Circular.
Executive Leadership
Our Senior Vice President, External Affairs & Chief Legal and Sustainability Officer is responsible for overseeing our ESG strategy, including oversight and monitoring of sustainability issues, risks, trends, and our performance, as well as making recommendations to the executive team and Board on sustainability matters.
Our executive compensation links corporate strategy, performance and compensation. This approach motivates our executives, rewards our shareholders and keeps the focus on our long-term success. Pembina's short-term incentive plan includes ESG metrics as a significant component. We believe that linking compensation to corporate performance on ESG factors aligns with long-term value creation and our stakeholders' interests.