Our 2017 Sustainability Report is Vermilion’s fourth annual 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.
This report changes our format to one that will be updated online regularly through the year. We expect to augment this with a short highlights summary in those languages when the annual Performance Metrics cycle is complete each summer. G4-23
This reporting approach establishes key areas of discussion for each of Vermilion’s nine identified Material Aspects under the G4 Specific Standard Disclosures section:
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-G4 framework to guide our sustainability reporting, as the Global Reporting Initiative remains the leading framework for EESG reporting. The information we have shared to date is largely reflective of our decision to report in accordance with GRI’s comprehensive reporting option. This report follows the same four-step process of Identification, Prioritization, Validation and Review as we followed for our previous reports, and incorporates the key principles of Sustainability Context, Materiality, Completeness and Stakeholder Inclusiveness. G4-32
We note, however, an 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), Australia (ABU) and U.S. (USBU). It also begins reporting for our Central and Eastern Europe Business Unit, which has now established offices in Hungary and Budapest.
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. G4-17, G4-18
|Report Title||Performance Metrics Included|
|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|