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Values Matter
Sustainability Report
Values Matter
2016 Sustainability Report

Our 2021

The scale of the challenges the world - and the energy sector - have faced since early 2020 have highlighted the importance of creating, and living by, a purpose that clearly guides a company's activities and achievements. Put simply, our purpose is to responsibly produce essential energy.

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This year's front cover photo was taken at one of Vermilion's field offices in southern France. It represents the seeds of our international expansion in 1997, which was a major pillar of our free cash flow-generating business model, and our commitment to ESG matters of importance. Partnering with our stakeholders to enrich the lives of the people in the communities where we live and work is fundamental in our approach to what we do every day, and has been a focus for more than two decades.
Replacing infrastructure at our Southeast Saskatchewan assets has enabled us to significantly reduce methane emissions
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Our Global Environmental Stewardship Program provides community investment funding to local conservation partners in all of our business units - including supporting bee population research in The Netherlands (shown here) and tree reforestation in Croatia.
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Our produced water is providing free geothermal heat for an ecohousing neighbourhood in La Teste, France, in which 30% of the units are reserved for social housing.
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At our Corporate Days of Caring, our staff participated in a variety of environmental and social projects, including removing invasive species in an urban provincial park.
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Our Global Emergency Responder Program provides community investment funding to first responder partners in all of our business units - including the STARS helicopters in Alberta and Saskatchewan (shown here) and fire departments in many of our locations.
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Our staff have participated in a variety of environmental and social projects during Days of Caring in Germany, including landscaping a garden for a non-profit supporting seniors.
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Vermilion has partnered with the Nature Conservancy of Canada (NCC), one of Canada's leading national conservation organizations. Our volunteers have tackled projects like trail clearing and sign installation at the Coyote Lake Nature Sanctuary, which is a popular hiking destination near our operations in Drayton Valley, Alberta. This work helped to ensure a safe and enjoyable experience for visitors, and contributed to the safety of local wildlife.
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The Global Goals

Launched in 2015, the Global Goals for Sustainable Development (SDGs) are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. Vermilion is already making a strong contribution to many of the SDGs through our business strategy that focuses on the importance of our people, the environment and our communities in our pursuit of long-term, sustainable and inclusive growth.

Click on each SDG below to see how we align our work with the goal, and how we are measuring our impact. You can also see how we're embedding the goals within our sustainability strategy by visiting the dashboard page of each of our main sections, and by looking for the SDG icons throughout our report.

Un Goal 01 - No Poverty Goal 02 - Zero Hunger Goal 03 - Good Health and Well-being Goal 04 - Quality Education Goal 05 - Gender Equality Goal 06 - Clean Water and Sanitation Goal 07 - Affordable and Clean Energy Goal 08 - Decent Work and Economic Growth Goal 09 - Indusry, Innovation and Infrastructure Goal 10 - Reduced Inequalities Goal 11 - Sustainable Cities and Communities Goal 12 - Responsible Consumption and Production Goal 13 - Climate Action Goal 14 - Life Below Water Goal 15 - Life on Land Goal 16 - Peace, Justice and Strong Institutions Goal 17 - Partnerships for the Goals
In 2020, Vermilion:
  • produced approximately 35 million boe of oil and gas
  • generated net revenue of approximately $1.1 billion
  • Paid more than $207 million in wages and benefits to our employees
  • distributed more than $90 million in dividends
    to our shareholders
  • paid close to $121 million in taxes and royalties
    in our operating jurisdictions
  • invested close to $1.5 million in community support
  • devoted more than $55 million to protecting our environment
  • Contributed more than $785 million to the 9,700+ entities in our supply chain
Use our GRI Context Index
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