Values Matter
Sustainability Report
Since our founding more than 20 years ago, Vermilion has been guided by our core values of Excellence, Trust, Respect and Responsibility. We believe that producing energy for the many people and businesses that rely upon it to meet their daily needs and sustain their quality of life is both a great privilege and a great responsibility.
Excellence. Trust. Respect. Responsibility. These four core values guide what we do and how we do it.
Our strong culture is the single most important factor in our long-term success.
Vermilion’s highest priority is conducting our business in a way that ensures the health and safety of our people and those involved directly or indirectly in our operations.
Vermilion focuses on a shared value approach to strategically investing in our communities. This is embodied in our company mission statement: to deliver superior rewards to investors, employees, partners and the communities in which we operate.
Since our founding more than 20 years ago, Vermilion has been guided by our core values of Excellence, Trust, Respect and Responsibility. We believe that producing energy for the many people and businesses that rely upon it to meet their daily needs and sustain their quality of life is both a great privilege and a great responsibility.
Excellence. Trust. Respect. Responsibility. These four core values guide what we do and how we do it.
Our strong culture is the single most important factor in our long-term success.
Vermilion’s highest priority is conducting our business in a way that ensures the health and safety of our people and those involved directly or indirectly in our operations.
Vermilion focuses on a shared value approach to strategically investing in our communities. This is embodied in our company mission statement: to deliver superior rewards to investors, employees, partners and the communities in which we operate.
The issues identified for this report have been cross-referenced to the GRI Standards, along with topic boundaries. A Boundary Assessment for each issue determined that the outcomes of the original assessment have not changed as to its relevance to Vermilion or the stakeholders throughout our value chain. 102-49
For each issue, we have reevaluated whether they were of high, medium or low impact on Vermilion, and high, medium or low impact from the perspective of our key stakeholder groups. As a result, we have adjusted our materiality matrix, reflecting an increased importance of regulatory frameworks and community support, for example, and an increasing focus on water management, biodiversity and supply chain risk.
We use the following parameters to assess the level of impact on Vermilion:
| High | Medium | Low |
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We use a similar approach to assessing potential impact of these issues on stakeholders. We analyze our engagement results with different groups of stakeholders, to identify issues and rate their importance reflecting the critical/high, important/medium, and small/low definitions from the table above. We also take into consideration how directly affected the stakeholders were (for example, employees and fenceline communities are more directly affected by Vermilion's operations than NGOs). We then integrate those results to identify where issues had a common impact or concern spanning several key stakeholder groups. 102-46 102-47
The resulting summary of all GRI Aspects is contained in our full GRI Materiality Analysis, which you can find in our additional information.102-47 103-1
