Company Performance – Awards and Ratings
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.
In both 2018 and 2017, Vermilion was recognized with a Leadership Level rating of A-. We were the top-rated Canadian oil and gas sector company, and placed within the top 2% of North American and top 5% of global oil and gas sector companies.
Vermilion ranked 11th in the 2018 Corporate Knights Future 40, which showcases the environmental, social, economic and governance performance of Canada's emerging corporate sustainability leaders. This is our fifth consecutive appearance on the list, and we are also the highest ranked oil and gas company in the ranking. Note that 2018 was the final year for this ranking.
Vermilion's MSCI ESG rating improved from A to AA in July 2019, and our Governance Metrics score continued to rank in the top decile globally.
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 2019, we were recognized by the Great Place to Work Institute® as a Best Workplace in Canada and Germany (Lower Saxony and Bremen Region). We were also certified by the Institute in France and The Netherlands.
We have been recognized annually for excellence in governance practices as part of the Globe and Mail annual Board Games survey since 2006. In 2018, 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.
Vermilion received ISS decile QualityScores of “1” for Environment and “2” for Social disclosures and transparency, ranking at the top of our peer group.
We were also recognized for excellence in managing governance risk with a decile score of “2” for Governance practices. 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.