Read our Sustainability Report
Vermilion Energy’s tenth annual sustainability report focuses on how we deliver the strategy and performance that shapes our purpose: to responsibly produce essential energy while delivering long-term value for our stakeholders.
Our 2023 Highlights
We provided over $2 million in community investment donations to non-profit and charitable organizations around the world.
We also committed $1.2 million over the next seven years to Inn from the Cold, the largest organization in the Calgary region that is dedicated solely to families experiencing a housing crisis. We believe as they do: that a community is possible where no child or family is homeless
We reduced our Scope 1 emission intensity to 0.017 tCO2e/operated boe, reflecting a 10% reduction over our baseline year of 2019 and on track to achieve our 2025 target of 15-20%.
In 2022, Vermilion produced approximately 31 million boe of oil and natural gas, thereby investing:
Our front cover photo features Sruwaddacon Bay, County Mayo in Ireland. A 4.6-kilometre section of the Corrib gas pipeline is installed in a tunnel under the Bay, which is a large tidal inlet and comprises part of a Special Protection Area for birds and an internationally important wetland (Ramsar) site. The area was monitored intensely for water birds before, during and for several years after the construction of the pipeline as part of the Corrib Biodiversity Action Plan. Related data on the habitats and species can be found here.
We closed two major acquisitions:
We closed one divestment:
The Global Goals
Launched in 2015, the Global Goals for Sustainable Development (SDGs) are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity.
Vermilion is already making a strong contribution to many of the SDGs through our business strategy that focuses on the importance of our people, the environment and our communities in our pursuit of long-term, sustainable and inclusive growth.
Click on each SDG below to see how we align our work with the goal, and how we are measuring our impact. You can also see how we’re embedding the goals within our sustainability strategy by visiting the dashboard page of each of our main sections, and by looking for the SDG icons throughout our report.