Page 31 - AIF - English

SIGNIFICANT POLICIES

Suncor has a Standards of Business Conduct Code
Aboriginal Peoples and outlines Suncor’s responsibilities and
(the Code), which applies to Suncor’s directors, officers, commitments, and is intended to guide Suncor’s business

employees and contract workers. The Code requires strict decisions on a day-to-day basis. Suncor is committed to
compliance with legal requirements and sets Suncor’s working closely with Canada’s Aboriginal Peoples and

standards for the ethical conduct of our business. Topics communities to build and maintain effective, long-term and
addressed in the Code include competition, conflict of mutually beneficial relationships. The policy makes it clear

interest, the protection and proper use of corporate assets that responsible development takes into account Aboriginal
and opportunities, confidentiality, disclosure of material issues and concerns about the effects, positive and

information, trading in shares and securities, negative, of energy development on communities and their
communications to the public, improper payments, traditional and current uses of lands and resources.

harassment, fair dealing in trade relations, and accounting, Suncor remains committed to reducing overall greenhouse
reporting and business controls. The Code is supported by
gas (GHG) emissions intensity, in addition to other goals
detailed policy guidance and standards and a Code related to improving energy efficiency, reducing water use,
compliance program, under which every Suncor director,
increasing land reclamation and reducing air emissions. We
officer, employee and contract worker is required to actively work to mitigate our environmental impact,
annually read a summary of the Code and affirm that he
including taking action to reduce GHG emissions, investing
or she has reviewed the summary, affirm that he or she in renewable forms of energy such as wind power and
understands the requirements of the Code, and provide
biofuels, accelerating land reclamation, installing new
confirmation of his or her compliance with the Code emissions abatement equipment, investing in technology
during the preceding year. Compliance is then reported to
research and development and pursuing other
Suncor’s Audit Committee.
opportunities, both internally as well as through joint

Suncor has a Human Rights Policy, which affirms Suncor’s initiatives, such as our role in COSIA. The Environment,
responsibility to respect human rights and ensures that Health, Safety and Sustainable Development Committee of

Suncor is not complicit in human rights abuses. Suncor is the Board of Directors meets quarterly to review Suncor’s
subject to the laws of the countries in which it operates effectiveness in meeting its obligations pertaining to EH&S.

and is committed to complying with all such laws while The committee also reviews the effectiveness with which
honouring international human rights principles, such as Suncor establishes appropriate EH&S policies, including

those described in the Universal Declaration of Human environmental performance, given legal, industry and
Rights and the Voluntary Principles on Security and Human community standards. Management systems are maintained
Rights. The policy includes principles committed to a by this committee to implement such policies and ensure

harassment-free and violence-free working environment, compliance.
which respects the cultures, customs and values of the
Suncor has an Environment, Health and Safety (EH&S)
communities in which we operate. The policy makes it policy, which affirms Suncor’s aspirations to be a
clear that the scope of Suncor’s human rights due diligence
sustainable energy company by meeting or exceeding the
includes its own operations and, where we can influence environmental, social and economic expectations of our
our third-party business relationships, the operations
current and future stakeholders. The policy reflects Suncor’s
of others.
belief that our EH&S efforts are complementary and

Suncor has a Stakeholder Relations Policy, which reflects interdependent with our economic and social performance.
Suncor’s values. The policy provides that Suncor is The policy makes it clear that Suncor management is

committed to developing and maintaining positive, responsible for ensuring that employees under their
meaningful relationships with stakeholders in all of its direction are competent to manage their EH&S

operating areas and provides Suncor’s principles for guiding responsibilities and are knowledgeable of the hazards and
the development of stakeholder relations (respect, risks associated with their jobs, and that all Suncor

responsibility, transparency, timeliness and mutual benefit). employees and contractors are accountable for compliance
The policy makes it clear that successful stakeholder with relevant acts, codes, regulations, standards and

engagement fosters informed decision-making, resolving procedures, and for their own personal safety and the
issues with timely, cost-effective and mutually beneficial safety of their co-workers. To support and highlight the

solutions and supporting shared learning.
goals of the EH&S policy, Suncor holds an Annual
President’s Operational Excellence Awards, which honour
Suncor has an Aboriginal Affairs Policy, which affirms
Suncor’s desire to work in collaboration with Canada’s employees and contractors who demonstrate an
exceptional commitment to health and safety. The awards
Aboriginal Peoples to develop a thriving energy industry
that allows Aboriginal communities to be vibrant, ceremony highlights progress on safety initiatives and
provides educational opportunities for all employees.
diversified and sustainable. The policy provides a consistent
approach to the company’s relationships with Canada’s

SUNCOR ENERGY INC. ANNUAL INFORMATION FORM 2014 29