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Values Matter
Sustainability Report
Values Matter
2016 Sustainability Report
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Environment Dashboard

SDGTARGETVermilion's Contribution

6.1 Ensure the availability and sustainable management of water for all

We focus on water stewardship, both in our marine environments (6.6) and from a conservation perspective (6.4). We report on water metrics (6.3), and we participate in multi-stakeholder partnerships (6.1 & 17.17)

7.2 Increase the share of renewable energy in the global mix

 7.3 Reduce energy consumption

Vermilion is developing expertise in geothermal energy projects while also focusing on reducing energy consumption through infrastructure renewal in all of our business units.

12.1 Ensure sustainable production patterns

12.2 Achieve the sustainable management and efficient use of natural resources

 12.6 Encourage companies to adopt sustainable practices and integrate sustainability information into their reporting cycle

Avoiding or mitigating the environmental, health and safety-related impact of our production processes is integral to Vermilion’s approach to responsible and safe operations. We are incorporating sustainable development into our business strategy (12.1), striving for increased energy efficiency (12.2) and expanding our sustainability reporting  (12.6).

13.1 Combat climate change

We are proactively identifying risks and opportunities, reporting on emissions and other key data, setting internal carbon prices, and working on target setting. 

14.1 Conserve and sustainably use the oceans for sustainable development

14.2  Sustainably manage marine and coastal ecosystems

We comply with or exceed regulations regarding wastewater and marine environment management, proactively improving western Australia’s capacity for oiled wildlife recovery.

SDG 15.1 Protect, restore and promote sustainable use of terrestrial ecosystems

15.5 Take urgent action to reduce or halt biodiversity loss

 Vermilion has environmental impact assessment procedures that comply with or exceed all regulations in our business units, and we proactively work to ensure our operations protect local biodiversity 

2019-2021 Updates

Strong CDP Results

Vermilion’s performance in the annual CDP Climate Change questionnaire scoring, which consistently places us at the top of our peer group, demonstrates the focus we have placed on understanding and managing the impact of our operations on climate change. This is a significant achievement for a company of our size, and reflects the efforts from our HSE and Operations teams worldwide to increase energy efficiency and decrease greenhouse gas emissions, and to develop and implement renewable energy projects that support a circular economy. In 2020, we responded to investor feedback by submitting our first CDP Water Security questionnaire.

In 2020:

For more information on our approach to climate-related risks and opportunities, including our emission reduction targets, please see our Energy Transition section.

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Vermilion Energy