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Values Matter
2016 Sustainability Report
Values Matter
2016 Sustainability Report
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2016

Our Regulatory & Reporting Framework

The following table illustrates the significant reporting and regulatory bodies under which we operate:

Business UnitRegulatory or Voluntary Reporting BodyReporting, Monitoring and Action Activities
All Business Units CDP We initiated reporting under CDP in 2013, beginning with a base year of 2012. In 2015, Vermilion was recognized by CDP with the award of being a Climate Disclosure Leader. The Climate Disclosure Leadership index (Canada 200) represents the top 10% of companies of all submissions. Note: As Vermilion continues to grow, our base year emissions will be adjusted in accordance with the GHG Protocol.
All Business Units Montreal Protocol We have phased out Freon-22 in our C3 cooling plants in Netherlands to reduce the risk that this substance could be released.
Canada Specific Gas Emitter Regulation Reduction requirements do not apply, as Vermilion is below the threshold of 100,000 tonnes of CO2 e annually; our current and projected CO2 e reductions indicate that even with a 20% reduction in this threshold, we would still be below it. Although Vermilion meets our regulatory requirements, we maintain a detailed initiative database to identify and implement CO2 e reduction projects where practical.
Canada Greenhouse Gas Reporting and National Pollutant Release Inventory reporting under the Canadian Environmental Protection Act Reduction requirements for Greenhouse Gas Reporting do not apply, as Vermilion is below the threshold of 50,000 tonnes of CO2 e annually; our current and projected CO2 e reductions indicate that even with a 20% reduction in this threshold, we would still be below it. We report under the National Pollutant Release Inventory (NPRI) requirements.
Canada Alberta's Directive 039 (2013) A regulatory change in Directive 039 led us to plan and begin the implementation of additional elements in our facility engineering and maintenance program to reduce benzene emissions associated with glycol dehydrators.
France Register and the Annual Reporting of Emissions and Transfers of Pollutants and Waste We report operations water, waste and greenhouse gas (GHG) information annually.
Netherlands Netherlands Long-term Agreements with Industry (MJA3) We report operations energy efficiency and emissions information annually.  
Australia National Greenhouse and Energy Reporting Act (2007) We report under the robust emissions accounting required by this Act, and have examined three potential carbon taxation pricing scenarios and budgeted the costs associated with compliance.
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Vermilion Energy