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Values Matter
2016 Sustainability Report
Values Matter
2016 Sustainability Report
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2016

Climate Change

There are a number of ways that we integrate the issue of climate change into Vermilion’s business strategy:

Several substantial business decisions were made in 2014 and 2015 to reduce emissions. For instance, we scoped required modifications to acquired assets in southeast Saskatchewan that will allow for a significant (50%) reduction in Vermilion’s 2014 emission levels in the medium term (2020). This included a significant capital commitment in our Saskatchewan operation to fund the completion of a gas plant project, with partners, that enables natural gas conservation in the region. Another example of a substantial business partnership that has a quantifiable reduction on Vermilion’s emissions is the purchase of 100% green power from our largest power provider (of 3 providers) in our Netherlands business unit, resulting in an estimated 91% reduction in Scope 2 emissions within our NBU (an estimated 35,990 tCO2e). The contract governing this power purchase came into effect in January 1, 2016. These are some of the examples of sustainability projects that not only met Vermilion’s economic criteria, but will have an impact outside of our operations and result in a reduction in third party emissions, as well as Vermilion’s Scope 1 emissions. These projects may allow a third party to directly reduce emissions, or avoid emissions by purchasing our products (which have may have a lower carbon footprint than our competitors). 

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Vermilion Energy