A letter from François: Delivering our energy future

In the last year, we also saw increasing momentum in the world’s push to decarbonize energy systems and stakeholders’ growing expectations around ESG matters. This aligns well with our longstanding track record of fostering a corporate culture founded in strong core values.

In 2021, we formally added innovation to our existing values of safety, responsibility, collaboration and integrity. Innovation is a dynamic concept within our organization and is particularly relevant as we navigate the evolution of the energy industry. We also:

• Developed a roadmap to reduce our GHG emissions intensity by 30 per cent by 2030 and position the company to achieve net zero emissions from operations by 2050
• Published our Indigenous Reconciliation Action Plan, progressed our goals for partnering with Indigenous groups and provided our Board of Directors with Indigenous cultural awareness training
• Directed more than $27 million to foster shared prosperity in our communities
• Promoted diversity of thought, opinion and perspectives by publishing and implementing our new Inclusion and Diversity Action Plan
• Expanded our ability to measure ESG performance by introducing new targets aligned to our 10 sustainability commitments

In 2021, we also further prioritized health and safety by expanding our conversations to encompass psychological safety and mental health – issues which have risen to the surface in society during the last two years.

• Identifying efficiencies on our existing systems – Through innovation and cost reductions.
• In-corridor growth – Making ongoing investments in expansions, extensions and modernization programs on our existing natural gas and liquids infrastructure.
• Liquefied natural gas (LNG) – Connecting North American natural gas supplies to coastlines, enabling LNG to reach growing global markets – and offsetting higher emission fuels such as coal.
• Renewable power and storage – Developing wind, solar and large-scale energy storage – including solutions to power our own pipeline network with renewables.
• Further energy system decarbonization – Leveraging our footprint, strong relationships and complementary capabilities to explore the broad development of renewable natural gas (RNG), hydrogen, and carbon, capture, utilization and storage (CCUS) solutions.