Company Performance – Awards and Ratings
From 2017 to 2020, Vermilion has been recognized with a Leadership Level rating of A- in the CDP Climate submission. In 2020, we were one of five Canadian oil and gas companies to receive this designation, and ranked in the top 10% of oil and gas companies globally. 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.
Vermilion received a B for our CDP Water Security submission in 2020, the first year in which we participated.
In June 2021, Vermilion received conformation of its "AA" rating, on a scale of AAA (leader) to CCC (laggard) in the MSCI ESG Ratings(2) assessment, which reflects exposure to industry-specific ESG risks and the ability to manage those risks. This consistent rating from 2019-2020 continues to reflect Vermilion's commitment to improving company ESG performance and enhanced disclosure on topics relevant to MSCI's detailed assessment process.*
As of June 2021, Vermilion received ISS decile QualityScores of “1” for Environment and "2" for Social disclosures and transparency. 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.
In 2020, we were recognized by the Great Place to Work Institute® as a Best Workplace in Canada and Germany (Lower Saxony and Bremen Region).
We have been recognized annually for excellence in governance practices as part of the Globe and Mail annual Board Games survey since 2006. In 2020, we ranked 5th amongst our peer group and 7th amongst Canadian oil and gas companies.
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.
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.
* The use by Vermilion Energy Inc of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Vermilion by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.