Company Performance – Awards
Vermilion was one of only 193 companies globally to achieve CDP Climate "A" List recognition in 2016 and the only North American energy company on the list. Across all sectors, only three Canadian companies, including Vermilion, were awarded a position on 2016's Climate "A" List. Vermilion was one of only five oil and gas companies in the world to be named to the Climate "A" List.
In 2017, Vermilion was recognized with a Leadership Level rating of A-. We were the only Canadian Energy Sector company, one of only two in North America, and 18 globally to achieve a Leadership Level score this year. As context, only 8.8% of 6,028 companies achieved an 'A or A-' grade for performance in 2017.
Vermilion ranked 13th in the 2017 Corporate Knights Future 40, which showcases the environmental, social, economic and governance performance of Canada's emerging corporate sustainability leaders. This is our fourth consecutive appearance on the list, and we are also the highest ranked oil and gas company in the ranking.
Between 2013 and 2017, Vermilion's MSCI ESG (environment, social and governance) rating increased from BB to A, and our score on MSCI's Governance Metrics Report ranks Vermilion in the 90th percentile globally. These recognitions reflect our continued focus on achieving robust shareholder returns combined with environmental, social and governance performance.
Our geothermal heat partnership with tomato growers in Parentis, France has been recognized by the Government of France’s 2013 Circular Economy Award for Industrial and Regional Ecology.
In 2017, we were recognized by the Great Place to Work Institute® as a Best Workplace in Canada and France for an eighth consecutive year, and in The Netherlands for a fourth consecutive year.
We have been recognized annually for excellence in governance practices as part of the Globe and Mail annual Board Games survey since 2006. In 2017, Vermilion governance practices resulted in a rank of 4th among oil and gas companies in Canada.
Year-over-year recognized by the Canadian Coalition for Good Governance for best practices for proxy disclosure in the area of corporate governance relating to directors’ independence and benefits and perquisites. Golden Gavel Award recipient for Best Disclosure of Governance Practices and Approach to Executive Compensation by a small or mid-sized issuer.
Recognized for excellence in governance practices by Institutional Shareholder Services QualityScore with a decile rating of 1, representing the highest score attainable. ISS QualityScore is a scoring solution supported by data on board structure, compensation, shareholder rights and audit, designed to help institutional investors identify governance risk within portfolio companies.
Recognized by EPAC as the 2014 Top Canadian-Based International Producer. Evaluated on seven financial and operating performance benchmarks (75% of score), including: Total return, Production growth per debt-adjusted share, Corporate cash margin, Proved-plus-probable reserves growth per debt-adjusted share, Proved-plus-probable FD&A costs per boe (including future development capital), Recycle ratio. Remaining 25% of score was based on industry leadership and corporate culture, including HSE, community investment, innovation, training, and other sustainability-related programs.