Addressing climate change and providing the secure and reliable energy the world needs requires investment, technological advancement, product innovation, regulatory support and collaborative partnerships. Direct, or scope 1, emissions result from our operations; indirect, or scope 2, emissions result from the use of purchased energy such as heat and electricity, and scope 3 emissions occur elsewhere in our value chain.
Scope 1 and 2 emissions
We are focused on reducing base business emissions and optimizing current assets, while investing in the development and deployment of new technology. In 2021:
- our equity interest scope 1 and 2 GHG emissions were 28.5 megatonnes (Mt) and our operated emissions were 21.6 Mt
- equity-based scope 1 and 2 emissions intensity was 11.8 kilograms of carbon dioxide equivalent per barrel of oil equivalent production (kg CO2e/BOE) and on an operated basis, intensity was 10.9 kg CO2e/BOE.
Scope 3 emissions
Suncor has reported on its direct and indirect emissions for over a decade and began reporting aspects of its scope 3 emissions in 2021. We are:
- seeking to further understand all 15 scope 3 emissions categories and where we can have the most impact
- continuing our analysis of GHG emissions across our value chain
- working with suppliers to help reduce their emissions and supporting customers looking for cleaner energy choices
- encouraging and supporting system-wide carbon reductions
- providing additional scope 3 disclosure to demonstrate our journey to more widespread decarbonization.
We are continuously evaluating appropriate disclosure opportunities to ensure we provide a transparent and wide-ranging perspective on our climate strategy over the long term, while recognizing the challenges of providing forward-looking information within regulatory financial disclosure requirements.