Our 2018 Sustainability Report is Vermilion’s fifth report on how we manage economic, environmental, social and governance (EESG) factors, including impacts, risks and opportunities.
We have previously produced an online report that was updated once annually, with printable long- and short-form PDFs in our key languages.
With our 2017 report, we changed our format to one that will be updated online regularly through the year. We expect to augment this with a short highlights summary in key languages when the annual Performance Metrics cycle is complete each year. 102-49
This reporting approach establishes key areas of discussion for each of Vermilion’s nine identified Material Topics under the GRI Universal and Topic-Specific Standards:
Our goal is to streamline our annual reporting, allowing us to focus on updates to activities while maintaining the robust discussions needed under various reporting frameworks.
We continue to use the GRI Standards to guide our sustainability reporting, as the Global Reporting Initiative remains the leading framework for EESG reporting. We have prepared this report in accordance with the GRI Standards: comprehensive option, and incorporates GRI's 10 key Reporting Principles for defining report content and quality. 102-49
We note increasing external stakeholder pressure to expand issues of materiality beyond what we have identified. To aid sustainability and ESG analysts in this regard, we have expanded our GRI Content Index to include alignment with the SDGs, CDP, UN Global Compact, RobecoSAM, the EU Directive on Non-Financial Disclosures and the Task Force on Climate-Related Disclosure. We urge all ESG analyst and reporting organizations to focus their efforts on aligning reporting requirements beyond their own standards, in the spirit of SDG 17 to aid transparency while recognizing the increasing reporting burden on companies, particularly on small- and medium-sized enterprises.
This report covers Vermilion's operated business units, including Canada (CBU), France (FBU), Netherlands (NBU), Germany (GBU), Central and Eastern Europe Business Unit (CEE), Australia (ABU) and U.S. (USBU).
The report does not cover our non-operated interests in the Corrib gas field in Ireland, with the exception of reporting on organizational scale and staff count. In this case, the operating partner (Shell E&P Ireland) would include these projects under their sustainability reporting. 102-45
|Report Title||Performance Metrics Included|
|2017 Sustainability Report||2012-2016|
|2016 Sustainability Report (report title renumbered to publication year rather than Performance Metrics year)||2012-2015|
|2014 Sustainability Report||2012-2014|
|2013 Sustainability Report||2012-2013|