About This Report

We are committed to transparent reporting

We are proud to share our approach to sustainability and responsible operations, with details on our ESG practices and procedures, which underpin the Company’s commitment to serving our stakeholders with transparency and integrity.

This is the inaugural sustainability report for Crew Energy Inc. (“Crew”).

This report is intended for Crew’s stakeholders and is a demonstration of our commitment to transparency and accountability, indicating performance details on varied segments of Crew’s operations.

Company leadership, across multiple disciplines, are continuously engaged to identify, review, and prioritize the critical ESG risks and opportunities that impact Crew’s stakeholders.

We have developed our report using Sustainability Accounting Standards Board (“SASB”), the Task Force for Climate-related Financial Disclosure (“TCFD”), the United Nations Sustainable Development Goals (“SDGs”), and the Global Reporting Initiative (“GRI”) standards to help identify and prioritize sustainability issues that impact Crew’s stakeholders.

This report has been produced in accordance with the SASB’s Extractives & Minerals Processing Sector: Oil and Gas – Exploration & Production Sustainability Accounting Standard and the GRI framework. Refer to the SASB Data Performance Table and the GRI Data Performance Table within this disclosure.  Based on the information included in the report, Crew does not disclose all the necessary requirements to be fully compliant with the TCFD or GRI frameworks.

In March 2021 Crew engaged various stakeholders to identify specific environmental, social, and governance risks, issues, and concerns. A materiality matrix was developed to populate the results using best practice guidance from SASB and GRI frameworks.

Unless otherwise stated, financial data is in Canadian dollars, environmental data is in metric units, and production data is in barrels of oil equivalent (“boe”).

Unless otherwise stated, this report includes performance data for the year ended December 31, 2020. When available, data from the three preceding years is included to indicate quantitative performance trends, improvements, and challenges.  While the reporting period is 2020, key developments in early 2021 have been included for additional context to indicate Crew’s ESG progression.

Within this report, the terms “Crew”, “our”, “we”, and the “Company”, refer to Crew Energy Inc.

This report’s accuracy is of considerable importance. As such, Crew’s Board of Directors, senior management and relevant employees have reviewed all included information and believe it is an accurate representation of the Company’s performance in the reported years.

The data within this report is calculated by standard industry calculations and methodologies. If industry standards were not used, the appropriate techniques and methodology for the calculation is stated within the data.

Throughout this report, we refer to our “stakeholders”. Our stakeholders are those who are directly impacted by our operations or who impact our operations, which includes:

  • Our employees and contractors
  • Our Indigenous partners
  • Our community partners
  • Suppliers and business partners
  • Our investors, shareholders, and capital providers
  • Governments and regulators
  • Our youth partners
For questions regarding this report, please contact sustainability@crewenergy.com

For further operational or corporate information, including details on production or reserves, please refer to Crew’s Annual Information Form, which is filed on SEDAR and can be found on the Company’s website here.

This report includes forward-looking information pertaining to Crew’s internal expectations and projections relating to the Company’s future performance. Refer to Forward-Looking Statements within this report.