“ With the many emerging opportunities that natural gas enables and the growing worldwide demand for natural gas, we believe Canadian gas will play a much larger role in the years ahead.”
Michael Rose
President, Chief Executive Officer & Chairman
- 55%
reduction in methane emissions intensity between 2018 and 2022 while growing production by 89%
Reducing Methane Emissions
- 140,000 mmbtu/d
delivered to supply LNG internationally — the equivalent of 1 LNG cargo per month
Expanding our Markets
- 110 million
litres of diesel displaced in our operations to date
Investing in Cleantech
- $7.1 billion +
of value distributed to our stakeholders in 2022
Providing Stakeholder Value
- 13%
reduction in scope 1 emissions intensity since 2018
Reducing Emissions Intensity
- Top 10%
Platinum Rating in pilot project on 60 NEBC wells ranked in North America
Top Performing Producer
We are Canada’s largest natural gas producer.
From our operations in British Columbia and Alberta, we are proud to send our natural gas across Canada, into the United States, and to international markets, improving the lives of many.
We focus on providing value for our shareholders in many ways. We are committed to responsibly developing natural gas, fostering a strong and passionate work force, continuously improving our environmental performance, and creating strong relationships in the communities we call home.
ESG Overview
Tourmaline is a leader in responsibly producing Canada’s world-class natural gas assets. We strive to continuously improve all aspects of our environmental performance, including the impact of our operations on air, water and land. To support our progress, we focus on technologies and innovative strategies that minimize our environmental footprint.
Environment
We are proud to invest in our team and the communities we call home. Whether we’re implementing our robust health-and-safety program, investing in community initiatives, or fostering our relationships with Indigenous peoples, at Tourmaline we prioritize people.
Social
Tourmaline’s Management and Board of Directors is committed to the highest standards of corporate governance. We believe that strong corporate governance is a key driver in long-term value creation for all stakeholders.
Governance
- Largest
natural gas producer in Canada
Industry Leader
- 78%
of our production is natural gas, a cleaner-burning hydrocarbon
Responsible Senior Producer
- Largest
Tier 1 natural gas inventory holder in North America
Significant Resource Owner
Pursuing our ESG strategy will enable us to provide the lowest-emission natural gas to the world. Our strategy is based on the following pillars:
High-Quality Reserves with Low-Supply Costs
Having vast high-quality, long-life reserves inventory and a low-cost structure allows Tourmaline to profitably provide low-emission and low-cost natural gas to the world.
Environmental Excellence
We strive to continuously improve our environmental performance, reducing our impacts on air, land and water in every possible way.
Investment in Innovation
The innovative application of technology is at the heart of everything we do. It’s the force that fuels continuous improvement in our ESG performance and enables us to reduce costs.
Market Diversification
We have diversified our natural gas markets to access multiple sales locations across North America and internationally, ensuring we receive the best pricing available in the most locations for our products while reinforcing the stability of our business model.
Financial Sustainability
To provide low-cost natural gas to the world, we maintain a conservative leverage profile. This allows Tourmaline to successfully navigate volatile commodity cycles.
Stakeholder Engagement
We continuously engage and listen to our stakeholders helping us to better ensure mutually beneficial outcomes for everyone involved.
Tourmaline’s success is built on developing strong relationships with our stakeholders through active dialogue and positive actions.
Communities
Shareholders & Lenders
Suppliers & Contractors
Government & Regulatory Bodies
Indigenous Communities
Employees
Our Approach to Sustainability Reporting
This report details our ESG performance for all businesses, assets, and partnerships that are owned and operated by Tourmaline for the period between January 1 to December 31, 2022, and includes reference to certain actions Tourmaline undertook in both 2022 and 2023.
Scope
As a responsible producer and leader in sustainability, we are committed to transparent, annual reporting on our ESG performance. We have developed our sustainability report in alignment with TCFD and SASB standards, while referencing GRI.
Standards & Frameworks
We track and report relevant data that is important to our stakeholders. To ensure we are sharing high quality information based on real-time data, we are constantly improving our processes and controls for data and measurement capture capability. See Disclosures for our third-party verified reports.
Assurances
Materiality Assessment
To develop our sustainability report, we review and highlight the most relevant sustainability priorities for our business and those that matter most to our stakeholders.
Based on our assessment, we have identified the following areas as material:
- Greenhouse Gas Emissions
- Water
- Business Ethics and Transparency
- Governance
- Indigenous Peoples' Rights
- Health and Safety
- Talent Attraction, Retention and Engagement
Engage
We engage actively with local communities to ensure we are respectful members of the community and everyone benefits from our operations.
Operate
We operate our business in a responsible manner that respects the air, land and water. We strive to ensure future generations will enjoy a better standard of living through affordable, secure energy access.
Invest
We invest capital in responsible, low-emission, profitable projects to deliver long-term value to our shareholders. We are strong financial stewards for our investors.
Protect
We protect our employees with a safe and respectful work environment. Our people drive our business, and we encourage their continued outstanding performance.
Ensure
We ensure our exceptional and loyal service providers benefit from Tourmaline’s operations and receive fair compensation when working with us. We ensure high-quality information based on real-time data.
Exceed
We meet and exceed the requirements as established by regulators and the government to ensure we are the best at what we do, as is the case in all aspects of our business.
Guiding Principles
- 2.018 million
m3 of water recycled in 2022 — the equivalent of over 800 Olympic-sized swimming pools
Water Management
- 24%
reduction in TRIF rating from 2018
Health and Safety
- 39%
of our employees are female
Gender Diversity
We have set ambitious targets to guide Tourmaline’s environmental performance improvement and help our business remain resilient and profitable as the world adopts lower-carbon-intensity energy. We have set shorter-term, measurable targets because we want to demonstrate that we can make a significant difference today.
Achieve a 25% reduction in corporate emission intensity (scope 1) from 2018 levels by 2027.
On Track
Target
Reduce methane emission intensity by 55% from 2020 levels by 2027.
On Track
Target
Eliminate the use of fresh water throughout our core gas operations.
On Track
Target
ESG Highlights
All
Environment
Social
Governance