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Values Matter
Sustainability Report
Values Matter
2016 Sustainability Report
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Stakeholder Engagement

We continue to regard our people, communities, investors, governments and regulators, and partners and suppliers as Vermilion’s key stakeholders: those who have the greatest impact on our business, or who are most impacted by our activities.

We base stakeholder identification and prioritization on our understanding and analysis of our value chain, with engagement that is guided by their impact and influence.102-42 ,413-1 

Our robust strategy for managing our economic, environmental and social performance reflects the respect we have for our key stakeholders. These groups influence our business and operations in important ways, including through the provision of capital to fund our activities, the provision of licenses for exploration and production, and the setting of expectations regarding safety and environmental performance. Meeting these expectations is the key to maintaining and growing our social license to operate, and we therefore engage with these stakeholders on a regular and ongoing basis. 102-43

Over the past several years, we have developed our corporate external stakeholder relations framework to reflect the importance of community and government support. We manage this on a business unit-specific basis. This includes Public and Government Relations staff in France, The Netherlands, Ireland, Germany, and Central and Eastern Europe, and a regulatory specialist in the United States. In Canada, our Land department plays a key role in community and Indigenous Peoples relations. In Australia, we have engaged external stakeholders as part of our Safety Case and Environment Plan, and through our leadership of the Oiled Wildlife Response project, which brought universities, industry partners, suppliers and government together to improve wildlife protection.

While external stakeholder engagement is guided by regulations in some of these cases, our approach is to proactively communicate in all cases with our community and government stakeholders – both individually and in venues such as town halls, open houses and visitor centres, where we provide information about our activities (planned and ongoing) and invite feedback. In the near term, for example, Vermilion will continue to evaluate and prioritize the exploration opportunities available on our land base. As we complete these assessments, we will present exploration activity plans to partners, government and regulatory authorities, and public and community stakeholders. These plans will reflect our efforts to manage the environmental and social impact of our activities. As environmental impact assessments are a critical element of the acceptance and permitting process, Vermilion will ensure that they are conducted in the most rigorous manner feasible.

For stakeholders with lesser degrees of impact or influence, our engagement is more specific and generally involves direct issue-related communication.

The following table details how we engage with our stakeholders, topics raised, and how we have responded. 102-40,102-42,102-43,102-44

Current & potential investors
Engagement ChannelsTopics RelatedResponse
  • Annual General Meeting and webcast, distribution of financial statements & proxy statement
  • Annual benchmarking against peers through Globe and Mail Board Games
  • Business updates, analyst conference calls
  • Ongoing presentations to investor and industry conferences, with webcasts posted on external Vermilion website and intranet
  • Ongoing monitoring of and response to investor relations e-mail and phone inquiries
  • Ongoing monitoring of and response to social media including LinkedIn and Twitter
  • Media monitoring/ media appearances
  • News releases
  • Responses to sustainability-related queries from, and engagement with, ESG investment agencies, potential investors and current shareholders, many of whom are signatories to the UN’s Principles for Responsible Investment 
  • Feedback for TCFD and SASB proposed changes, directly and via industry groups


  • Financial results
  • Increasing emphasis on transparency and sustainability reporting
  • Recommendations from the Task Force on Climate-Related Financial Disclosures and the Sustainability Accounting Standards Board (Value Reporting Foundation)
  • Ongoing communication of material issues and results
  • Confidential industry benchmarking project for CDP reporting
  • CDP Climate Change Response
  • Sustainability report
  • Response to requests for interviews and other input
  • Reviews of evaluations by ESG rating agencies, including corrections, responses and engagement
  • Changes to sustainability reporting
  • Input into business strategy
  • First submission into CDP Water Security in 2020


Engagement ChannelsTopics RelatedResponse
  • Great Place to Work® program confidential staff survey, communication of results to staff through e-mails and meetings, ongoing engagement of staff in feedback and improvement action planning meetings from department to team levels
  • Global town halls, with executive question-and-answer sessions based on questions submitted anonymously in advance, or during the meeting
  • Additional confidential staff surveys on topics such as HSE (Perception Survey), compensation and strategic community investment (choices of non-profit partners, activities, etc.)
  • Additional town halls in each of our business units with leadership question-and-answer sessions
  • Extensive annual lunch and learn program with company, industry and wellness topics
  • Whistleblower policy, 24/7 (referred to internally as “Reporting of Inappropriate Activity”)
  • Company-wide working groups established to refresh our strategic plan
  • Strategic direction of the company
  • Employee engagement and satisfaction
  • Communication (internal and external) of strategic community investment program
  • Clear communication and implementation of HSE program
  • Executive Committee response to town hall suggestions and questions
  • Implementation of suggestions from staff working groups
  • Implementation of Fair Culture Policy in all business units
  • 2021 implementation of our refreshed VET Vision, with strategy to 2030
Partners & Suppliers
Engagement ChannelsTopics RelatedResponse
  • HSE Pre-qualification screening and auditing of operations to ensure compliance
  • Safety meetings, including both Vermilion staff and our contractors and partners
  • Briefings from Vermilion staff on expected standards of behavior, including our Code of Business Conduct and our Anti-Discrimination and Harassment Policy
  • Meetings, etc. to review requirements and negotiate contracts, as needed
  • Daily operations, including inspections and field audits
  • Meetings, phone calls, e-mails as issues or concerns arise


  • HSE performance
  • Access to opportunities
  • Production and financial results
  • Development of HSE High Five personal safety initiative
  • Focus on operational excellence
  • RFPs and invitations to bid
Engagement ChannelsTopics RelatedResponse
  • Stakeholder engagement programs, including proactive communications (letters, town halls, open houses, visitor centres, surveys, etc. ) to provide information and gather feedback
  • Meetings, phone calls, e-mails with landowners, as needed
  • Contract negotiation with landowners, as needed
  • Ongoing partnerships with key social agencies
  • Meetings, e-mail, phone calls with other local social agencies & councils, ongoing
  • Customized community investment program for each location, ongoing
  • Communication of community investment via external website & LinkedIn, ongoing
  • Engagement with Indigenous Peoples communities as rightsholders, including provision for consultation, free, prior and informed consent, business opportunities and community investment OG-9, DMA Social
  • Community support and capacity building
  • Public safety
  • Environmental stewardship
  • Progressing community investment program in all locations based on community and staff engagement (see Our Communities in this report) and guided by the concept of Creating Shared Value
  • Discussions with local communities regarding impacts and potential partnerships
  • Increased engagement with Indigenous Peoples communities, including business opportunities and community investment
  • Implementation of online community investment applications to streamline process for community groups
Engagement ChannelsTopics RelatedResponse
  • Regulatory requirements in all of our locations
  • Meetings, phone calls, conferences with government officials, ongoing
  • Government-Industry working groups


  • Compliance
  • Technical expertise
  • Economic and community development
  • Compliance with or exceeding all regulatory requirements
  • Audits and inspections to confirm compliance
  • Proactive community investment and sustainability programs
  • Alignment of sustainability strategy with SDGs
NGOs: industry, environment, social
Engagement ChannelsTopics RelatedResponse
  • Ongoing participation in industry meetings and conferences
  • High-level review of NGO positions and topics
  • Meetings with NGO representatives


  • Increasing transparency and communication of sustainability performance
  • Environmental concerns and performance based on location, location (see our Environment section)
  • Annual CDP submission and engagement
  • Alignment of sustainability strategy with UN SDGs
  • Active engagement with ESG rating agencies, including CDP, Sustainalytics, MSCI, Vigeo-Eiris, ISS and S&P Global
  • Focus on operational excellence, including compliance with or exceeding all regulations
  • Use of feedback in developing internal environmental and social programs


Values Matter
Vermilion Energy