SECURE is proud to release our 2020 Sustainability Report.
This marks our second full-length report focusing on a comprehensive review of our corporation’s performance within the categories of Environmental, Social and Governance (ESG).
This year’s report provides an update on the progress we’ve made with respect to the Corporation’s four key commitments to sustainability:
- Putting safety first
- Minimizing the environmental impacts of our operations
- Managing the integrity of our assets
- Creating positive relationships with stakeholders in the communities where we live and work
It includes initiatives undertaken, specific project stories, along with performance data from 2020 (and two prior reporting periods where available).
SECURE was guided by the Global Reporting Initiatives Sustainability Reporting Standards (GRI Standards) in the development of our Sustainability Report. This includes the GRI disclosures relevant to our material topics.
According to the Global Reporting Index, their standards “create a common language for organizations – large or small, private or public – to report on their sustainability impacts in a consistent and credible way. This enhances global comparability and enables organizations to be transparent and accountable.”
An Unprecedented Year
While reviewing this report, it is important to reflect on the unprecedented challenges that were faced by our organization this year. The impact of the COVID-19 pandemic and the drop in oil demand and associated pricing had deep negative consequences on our customer’s cash flows; they responded by reducing capital investment, temporarily shutting in production and employing the highest degree of vigilance on operating costs.
“Throughout this difficult time, we stayed true to our core principles and business strategy, and continued to deliver to our customers the level of service that they’ve come to know and trust,” says Rene Amirault, president and CEO at SECURE. “I’m proud of the resilience of our business this year, driven by our corporate strategy, network of long-life, low maintenance assets, the efforts of our dedicated employees and the strength of our customers.”
Although many of us felt the hardships, our team continued to do what we could to live our purpose and do midstream differently.
Some of the highlights we saw in 2020 include:
- Four-year low safety record
- Achieved our lowest Greenhouse Gas (GHG) emissions intensity on record
- Added a second oil pipeline, providing capacity to displace 15,000 barrels per day of oil and condensate previously trucked off the road
- Shipped over 3 million m3 of oil and water via SECURE pipelines, reducing GHG emissions by 37 Kt/CO2e
- Reclaimed over 150 hectares of land for our customers
- Formalized an Indigenous Relations policy and advanced community engagement practices
- Established an internal sustainability governance structure
- Increased the amount of women on the Board of Directors to 25%, exceeding our diversity target
As an organization, we are proud of what we were able to do to play a role in delivering Canadian energy to the world.
With that, we’re looking forward to the coming year with a dedicated and engaged workforce, resilient customers, high quality, long-life assets in key operating areas and a strong financial position.