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Values Matter
Sustainability Report
Values Matter
2016 Sustainability Report

Our Approach to Environmental Stewardship

MATERIALITY: PROTECTING WHAT’S IMPORTANT

We seek to operate our business in the most environmentally responsible manner possible.

The diversity and beauty of the environments in which we operate and live are daily reminders of the value of protecting the environment. To do so, we not only operate in compliance with all environmental regulations across all business units, but strive to lead the development of industry best practice standards in our operations worldwide in order to fulfill our commitment of pursuing Best-in-Class HSE and Integrated Sustainability.

Our commitment to pursuing Best-in-Class HSE is also a commitment to pursuing continuous improvement in all that we do. In addition to continuing to build processes to meaningfully track and understand our sustainability impacts, we are committed, wherever possible, to use processes that will reduce our environmental impact.

Our approach to environmental stewardship emphasizes four main areas for continuous improvement:

MANAGEMENT

In addition to our overall HSE Management System and our Risk ManagementG4-EC2 process, we have established additional management tools and processes that are specific to environmental stewardship.

Environmental Impact Assessments: We conduct Environmental Impact Assessments and implement management plans as required by regulations in all of our business units, and wherever needed based on conditions in our operating locations. This includes, but is not limited to, the following examples:

Project Development and Management: We have altered our project management framework to include aspects of sustainability and climate change – including regulatory change, water use, emissions reduction and footprint reduction to reduce ecosystem fragmentation. We begin by ensuring compliance with regulatory requirements & standards, and alignment with Vermilion’s economic assessment criteria at the investigation phase of the project. Other project development factors include:

Our technical teams across the organization communicate with each other, collaborate on current and upcoming sustainability initiatives, and bring in technical expertise to augment project execution.

Values Matter
Vermilion Energy