Our 2016 Sustainability Report is Vermilion’s third annual report on our economic, environmental, social and governance (EESG) impacts, the content of which emphasizes our activities throughout the 2015 calendar year. Our intent is to produce an updated downloadable full report on an annual basis; however, in the spirit of environmental stewardship, we are electing not to produce print versions of these reports annually.
We continue to use the GRI-G4 framework to guide our sustainability reporting, as we believe the Global Reporting Initiative remains the current 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. Our 2016 report follows the same four-step process of Identification, Prioritization, Validation and Review as we followed for our 2013 report, and incorporates the key principles of Sustainability Context, Materiality, Completeness and Stakeholder Inclusiveness. G4-32
This report covers Vermilion's operated business units, including the Canadian Business Unit (CBU), France Business Unit (FBU), Netherlands Business Unit (NBU), Australia Business Unit (ABU) and U.S. Business Unit (USBU). To effectively serve our stakeholders, we produce both a full online report and a 20-page Highlights report, and we make translations available of at least one of these formats in French, Dutch, German, Croatian and Hungarian.
The report does not cover our non-operated interests in the Corrib gas field in Ireland, or in Germany, with the exception of reporting on organizational scale and staff count. In both instances, the operating partners (Shell E&P Ireland and ExxonMobil respectively) would include these projects under their sustainability reporting. G4-17, G4-18
There is one significant change to the report structure, in that we have changed the year on the report to better reflect its publication date. Using our previous numbering system, our current report would have been our 2015 Sustainability Report; it has been renamed the 2016 Sustainability Report (with performance metrics reflecting the 2015 calendar year). G4-23