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Key SRI topics
We recognise that there are some areas of our business which invite a significant number of questions from our socially responsible investors. For convenience we have grouped the materials on these topics.
We were one of the first energy companies to acknowledge the threat of climate change, to call for action by governments, our industry and energy users, and to take action ourselves.
Canada’s oil sands are one of the largest oil deposits on Earth. With global energy demand predicted to double in the first half of this century, they are an important part of the global energy mix.
The number of cars on the road is expected to triple by 2050. The world will need all the sustainable transport fuel options available to help meet this growing demand, with fewer CO2 emissions. We believe that blending these fuels with sustainable biofuels offers the best, commercially viable way to reduce CO2 emissions from road transport fuels over the next 20 years. In 2011 we established the Raizen joint venture with Cosan.
Tracking our performance against a range of environmental and social indicators helps us to focus our efforts to improve into the future. We participate in the Carbon Disclosure Project and are included in the FTSE4Good Index.
We have clear requirements for safety, environmental and social performance, based on our Business Principles and Code of Conduct. This includes a set of standards and manuals covering requirements for road and process safety, biodiversity, managing greenhouse gas emissions, and respecting the human rights of our neighbours as we work to provide security.