SaskEnergy 2020-21 Sustainability Report

SaskEnergy 2020-21 Sustainability Report

SUSTAINABILITY REPORT 2020-21

Table of Contents

President’s message

3

About SaskEnergy

4

Our business

5

Our commitment to sustainability

6

Reporting on performance

6

Governance

7

Risk management and disclosure

8

Our sustainability framework

9

Pillar one: Environment

10

Pillar two: Prosperity

18

Pillar three: People

22

Our future

28

Measures and standards: key indicators

29

2020-21 Sustainability Report

President’s message

President’s message

On behalf of SaskEnergy, I am pleased to present our 2020-21 Sustainability Report. This report is an important milestone in our sustainability journey and provides an overview of our continued progress on environmental, social and governance (ESG) principles such as stewardship, community collaboration and socially conscious business practices. It also provides an outlook on the long-term goals and objectives we have set for the Corporation. While this is SaskEnergy’s first sustainability report, the information presented demonstrates how ESG principles have long been incorporated into our business plans, operations and actions, and in our areas of focus for future success. We recognize that access to safe, reliable, affordable energy is critical to the residents, businesses and industries we serve. We are also mindful of our responsibility to contribute to the protection of the environment while supporting the social and economic prosperity of Saskatchewan communities. Natural gas provides residents and businesses with a resilient and reliable source of energy, especially during some of the country’s most extreme weather. As the largest distributor of energy in the province, it is important that SaskEnergy can continue to serve the people of Saskatchewan for decades to come. It is through our commitment to ESG principles that we will remain sustainable. At the same time, natural gas utilities are facing increasing pressure and a clear call to action — reduce emissions as we move into a lower-carbon future. SaskEnergy knows the important role we play in reducing greenhouse gas emissions (GHG) while providing critical energy for a greener Saskatchewan.

Sustainability is at the core of every decision we make. We are proud of our strong history of ESG leadership and will build on this legacy as we continue to advance our sustainability efforts. SaskEnergy has made a commitment to reduce our emissions from operations by 35 per cent by 2030. We also commit to supporting customers in making their homes and businesses more energy efficient, which has an immediate environmental impact of up to a 50 per cent reduction in GHG emissions. Over the last 10 years, SaskEnergy has invested more than $6.3 million in rebates to help customers improve their gas appliance efficiency and we will double our annual investment in the upcoming years. Collaboration and strong relationships with customers, stakeholders and Indigenous communities — as well as a strong workforce reflective of the Saskatchewan population — will also continue to be important areas of focus. I want to thank all SaskEnergy employees for their dedication during a challenging year and for all their work, past and present, to pursue our vision of environmental sustainability and economic prosperity for future generations.

Ken From President and Chief Executive Officer

2020-21 Sustainability Report

3

About SaskEnergy

Values

About SaskEnergy

Safety

We are always committed to our personal safety, the safety of our team and the public.

As a provincial Crown corporation, SaskEnergy’s roots are deep. Our natural gas system has served Saskatchewan and its people for close to seven decades. We are defined by our commitment to environmental sustainability and economic prosperity for future generations and we strive to provide our service in a way that meets the expectations of our customers. Our number one priority is to safely provide reliable and affordable energy to our residential, business, farm, commercial and industrial customers. SaskEnergy delivers essential energy to 337 communities throughout the province and has a highly extensive rural distribution network. We are committed to a low-carbon future — both within our own operations and together with our customers through programs, services and education.

Vision

Environmental sustainability and economic prosperity for future generations.

Spirit

We support a respectful, dynamic and a diverse work environment that encourages achievement.

Corporate vision

Providing critical energy for a greener Saskatchewan and reducing our emissions from operations by 35 per cent by 2030.

Integrity

We are accountable for our decisions, our actions and the results.

Mission

Relationships

We succeed through strong internal and external collaboration, trust and open communication.

SaskEnergy delivers natural gas and energy solutions responsibly to the residents, businesses and industries of Saskatchewan.

Stewardship

We are responsible in our use of all resources.

2020-21 Sustainability Report

4

Our business

Our Business

1,100 dedicated employees working in more than 50 locations

400,000+ customers in 93 per cent of Saskatchewan communities

$21 million dividend declared to Crown Investments Corporation in 2020-21

$3.294 billion total assets in 2020-21

15,209 kilometres of transmission lines

71,305 kilometres of distribution lines

$227 million committed to responsible decommissioning of assets in the future

89% overall residential customer satisfaction rating

99.99% reliable service

2020-21 Sustainability Report

5

Our commitment to sustainability

Board Chair Vice Chair 58% of Board members 38% of Executive members 41.4% women in management roles

Our commitment to sustainability

Women in leadership

At SaskEnergy, we are focused on improving our core operations while advancing the Corporation in our environmental, social and governance (ESG) performance. As a Crown corporation and energy utility that serves the people of our province, SaskEnergy contributes to the ESG priorities of the Government of Saskatchewan to achieve our sustainability efforts. Our sustainability path is aligned with the policy direction of the Government’s Prairie Resilience: A Made-in-Saskatchewan Climate Change Strategy aimed at reducing greenhouse gas (GHG) emissions in the province. Included in this strategy is SaskEnergy’s Associated Gas Conservation Program, which is designed to help the oil and gas industry collect and conserve more of the methane that would otherwise be flared or vented into the atmosphere.

13,000 tonnes carbon dioxide equivalent (CO 2 e)

Reductions in greenhouse gas emissions from operations

Favourable rating of corporate safety by employees

88%

Reporting on performance

Record safety performance in 2020-21

1.43 recordable injuries per 100 employees

SaskEnergy’s sustainability framework is aligned with applicable standards that demonstrate our progress to date as well as our commitment to continuous improvement. This report shows SaskEnergy’s performance on 16 key indicators (page 29), including reference to the Global Reporting Initiative (GRI) standards, provincial targets, and a number of corporate performance indicators. GRI is an international, independent standards organization that helps businesses, governments and other organizations communicate the impacts of their sustainability efforts in a consistent and credible way. As ESG principles further evolve, we will evaluate our performance indicators annually while continuously improving our >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31

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