Sustainability​

Business model resiliency is a foundational commitment at MEG. It means generating attractive returns and integrating ESG matters into our business strategies to ensure value creation today and tomorrow.

Our Commitment to ESG​

Since our inception in 1999, MEG has worked diligently to deliver on our purpose: to supply the world with environmentally and socially responsible energy, while generating long term value for all our stakeholders.

We aspire to be a leader in our ESG advancements, led by a strong governance model, safe and reliable operations, and a dedicated team.
Our focus on innovative technologies has been integral to the growth of our business, and the centre of our sustainable operations.

Learn more about ESG at MEG

Environment

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Social

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Governance

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brief snapshot

MEG’s ESG Goals & Accomplishments

Environment

  • Low carbon energy from cogeneration
  • Conserve > 99.6% of methane
  • Allocated $2.6 million to caribou restoration since 2016
  • Fresh water use intensity is less than half the in situ average

Social

  • Zero employee lost time incidents in 2019, 2020, 2021 & 2022
  • $72 million spent on goods and services proved by Indigenous business in 2022 (a 30% increase over 2021)
  • Enhanced recruiting measures to source a diverse candidate pool representative of the communities in which we operate
  • Established and initiated a three-year strategic plan to advance Diversity, Equity & Inclusion.
  • Invested more than $2,900 per employee on training for an overall sprend of $1.2 million, with a large focus on safety training
  • 100% of MEG permanent employees participate in our Employee Performance Management (EPM) process

Governance

  • ESG indicators make up 35% of the corporate performance scorecard
  • Women currently comprise 33% of MEG's Board
  • 44% of the Board are diverse persons
  • 11% of Board members are Indigenous
  • 100% of Board members have ESG skills
  • Implemented an Operational Excellence Management System based on responsible operating principles
  • Disclosure aligned with Sustainability Accounting Standards Board (SASB), Task Force on Climate- Related Financial Disclosures (TCFD), and United Nations Sustainable Development Goals (SDG)

Incident Notification

Incident notification – April 30, 2016 – Meg Energy announces that today, at approximately 08:15 hrs, during work carried out on a natural gas well near the village of Edmonton in Alberta.

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