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.
From 2017 to 2020, Vermilion was recognized with a Leadership Level rating of A-. In 2020, we were one of only five Canadian oil and gas companies to receive this designation, and ranked in the top 10% of oil and gas companies globally.
In June 2020, Vermilion received a rating of "AA" 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 continues to reflect Vermilion's commitment to improving company ESG performance and enhanced disclosure on topics relevant to MSCI's detailed assessment process.*
In 2020, Vermilion received ISS decile QualityScores of “1” for Environment and 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 “4” 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.
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.
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.
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.
* 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.