Goals & Targets

2022 was a significant year for ESG initiatives at Crew.

Existing Goals & Targets Progress 

Updated 2023+ Goals & Targets

2022 was characterized by notable achievements and positive progress. As we move forward, the path ahead is even more promising, filled with prospects and opportunities for further progress in our ESG commitments.

Our commitment to excellence means an unwavering dedication to continuous improvement. Our sustainability journey is guided by a set of principles, goals, and targets that encourage and challenge us to make a positive impact on the environment, people, and communities where we operate.

Environmental Goals and Targets Progress

Protecting the environment is a principle we firmly stand behind. At Crew, we embrace innovative industry-leading technologies to reduce our environmental footprint while remaining focused on generating value for shareholders.

Emissions

Existing Goals
  • Continuously improve GHG emissions intensity.
  • Improve Crew’s total methane emissions through investing in innovative reduction opportunities.
Existing Targets
  • Reduce our Scope 1 GHG emissions intensity by 20%, relative to the Company’s baseline in 2019, by 2025.
2022 Status / Progress1
  • Crew reduced Scope 1 GHG Emission intensity by 54% relative to the Company’s baseline in 2019.
Exceeding Target
  • Crew reduced methane emissions (tCO2e) by 77% since 2019.
Achieving Target

Water

Existing Goals
  • Minimize freshwater use where possible.
Existing Targets
  • Ensure less than 50% freshwater use for hydraulic fracturing operations in West Septimus 2021 – 2025.
  • Reduce freshwater use in North Septimus and Groundbirch operations as development matures.
2022 Status / Progress1
  • Crew used 46% freshwater use in West Septimus for hydraulic fracturing operations.
Achieving Target
  • Crew increased produced water usage at both Groundbirch and North Septimus, which previously relied exclusively on freshwater.
Achieving Target

Land & Biodiversity

Existing Goals
  • Effective learning from asset integrity events.
  • Continue to review asset Integrity Management Plans (“IMPs”) and performance annually to improve effectiveness and minimize potential future problems.
  • Integrity verification of pipeline management plans.
Existing Targets
  • Complete a root-cause assessment for any spill of significance and implement corrective actions.
  • Undertake at least 1 inline pipeline inspection each year.
2022 Status / Progress1
  • Root-cause assessments completed, and corrective actions implemented for two asset integrity events in 2022.
Achieving Target
  • Crew’s IMPs are formally reviewed by management each year.
Achieving Target
  • Crew completed 3 inline pipeline inspections in 2022.
Exceeding Target

Abandonment & Restoration

Existing Goals
  • Achieve a reduction in our idle well count.
  • Continue to invest in Abandonment and Restoration (“A&R”) activities (inclusive of government grants).
Existing Targets
  • Reduce by 20% in 2022 from 2020 levels.
  • Net investment of $20 million from 2020 to 2030.
2022 Status / Progress1
  • Crew reduced the number of non-producing wells by 85% between 2020 and 2022.
Exceeding Target
  • Crew invested heavily towards A&R in 2022. Our net investment from 2020 to 2022 is $21.0 million, which includes government funding
Exceeding Target

Social Goals and Targets Progress

Crew recognizes that the energy driving our production and success comes from our people. Our people and their safety are Crew’s highest priority. We strive to make a meaningful and positive impact on the communities we work and live in and foster strong and supportive relationships with our stakeholders.

Crew recognizes that the energy driving our production and success comes from our people. Our people and their safety are Crew’s highest priority. We strive to make a meaningful and positive impact on the communities we work and live in and foster strong and supportive relationships with our stakeholders.

Protecting our Crew

Existing Goals
  • Improve the safety of our operations.
  • Continue to build strong and trustworthy relationships with our contractors through Crew’s contractor Environment Health and Safety (“EHS”) auditing program.
  • Increase the presence of Crew’s Executive and Management Team during field inspections.
Existing Targets
  • Outperform peer average total recordable injury frequency (“TRIF”) on a 3-year rolling average basis.
  • Commit to 95% compliance with key field training requirements annually.
  • Perform 20 contractor EHS audits each year.
  • 75-100 field visits per year.
2022 Status / Progress
  • Despite our three-year average TRIF of 0.71, which remains slightly above the industry average of 0.69, we have made significant improvements over the last year. In 2022 our TRIF was 0.58, or 8% lower than the industry average.
Behind Target
  • We met our training requirement of 95%.
Achieving Target
  • Crew performed 22 EHS audits.
Exceeding Target
  • Our Management Team made 195 field visits.
Exceeding Target

Our Crew

Existing Goals
  • Engage the Crew team through honest and open communication.
  • Treat our employees as family and focus on ensuring Crew is a fun and rewarding place to work, learn, and grow.
  • Empower the youth of the future through Crew’s summer student Ninja program.
Existing Targets
  • Townhalls two times annually.
  • 3 Mullet Crew social events per year.
  • 20 summer students from 2021-2025.
2022 Status / Progress
  • Crew held two townhalls.
Achieving Target
  • Crew held 4 Mullet Crew social events.
Exceeding Target
  • 9 students have been employed in our summer student Ninja program between 2021 and 2022.
Exceeding Target

Community Partnerships and Giving

Existing Goals
  • Provide donations and employment opportunities to support the local communities in which we operate.
  • Encourage employees to engage with our Crew Cares program and volunteer within the community.
Existing Targets
  • 120 volunteering hours annually (beginning in 2022).
2022 Status / Progress
  • Crew continues to support the communities where we live and work and have donated $785,000 since 2017.
Achieving Target
  • Crew volunteered 158 hrs.
Exceeding Target

Indigenous, First Nations, and Metris Partnerships

Existing Goals
  • On-going active engagement with First Nations communities.
  • Continuous discussion with various First Nation communities to create synergies and innovative ideas.
Existing Targets
  • Hold semi-annual meetings with various Chief and Councils in the areas we operate.
  • Quarterly meetings with community Lands departments in the areas we operate.
2022 Status / Progress
  • Crew held 10 separate Chief and Council meetings in 2022.
Exceeding Target
  • Crew held 23 separate Land Department meetings with Indigenous communities.
Exceeding Target
  • In 2022, the ranching initiative expanded to include 300 cattle and 50 bison, as well as a haying operation within 2,200 acres of Crew land.
Achieving Target

Governance Goals and Targets Progress

Crew believes strong corporate governance, transparency, and integrity set the foundation for ethical and effective decisions while contributing to the alignment between our Board, management, and stakeholders.

Policies and Mandates

Existing Goals

Crew will require an acknowledgment of our code of business ethics by all employees annually.

2022 Status / Progress

Crew’s Code of Business Conduct and Ethics was signed off by all employees.

Achieving Target

Board Diversity

Existing Goals

Maintain Board diversity.

2022 Status / Progress

Crew’s Board composition includes 33% women, and among our independent Board members, 40% are women. Our Board’s diversity of knowledge and expertise was upheld in 2022.

Achieving Target

In 2023, we conducted a thorough review and meticulous adjustment of our goals and targets.

Crew’s 2023 goals and targets adjustment ensures alignment with our refined eight priority material topics and our current operations. While we established targets in 2021 to monitor our ESG progress, our commitment to excellence has driven us to surpass some of these targets, prompting their refinement to sustain our drive for continuous improvement. Moreover, with the divestment of our heavy oil assets in 2021, we recognized the need to modify certain targets and baseline years to maintain their relevance and maximize their impact.

2023 and Beyond Goals and Targets

Emission Reduction

Goals for 2023 and Beyond
  • Continuously improve our GHG emission intensities through investing in innovative reduction opportunities.
Targets for 2023 and Beyond
  • Reduce our Scope 1 and Scope 2 GHG emission intensity by 25% by 2030, relative to the Company’s baseline in 2021.2
  • Reduce our total methane emission intensity (tCO2e/boe) by 60% by 2025, relative to the Company’s baseline in 2014.3,4

Water Management

Goals for 2023 and Beyond
  • Minimize freshwater use throughout our operations.
Targets for 2023 and Beyond
  • Ensure less than 50% freshwater use for hydraulic fracturing operations in West Septimus between 2021 – 2025.
  • Reduce freshwater use in North Septimus and Groundbirch operations as development matures.

Asset Integrity and Environmental Spill Management

Goals for 2023 and Beyond
  • Maintain the integrity of our assets and infrastructure by implementing proactive prevention strategies and consistently monitoring performance indicators.
Targets for 2023 and Beyond
  • Undertake at least 1 inline pipeline inspections annually.
  • Complete a root-cause assessment for any significant asset integrity and implement corrective actions.

Abandonment & Restoration

Goals for 2023 and Beyond
  • Maintain ongoing investment in Abandonment and Restoration activities.
Targets for 2023 and Beyond
  • Reduce our idle well count by 50% by end of 2025, relative to the Company’s baseline in 2021.5,6
  • Net investment of $30 million from 2020 to 2030.7

Protecting Our Crew

Goals for 2023 and Beyond
  • Reinforce a culture that places a high priority on health and safety and proactive risk management.
Targets for 2023 and Beyond
  • Out-perform peer average TRIF on a 3-year rolling average basis.
  • Commit to 95% compliance with key field training requirements annually.
  • Perform 20 contractor EHS audits annually.
  • Complete 75 to 100 field visits by Crew’s Management Team annually.

Community and Stakeholder Relations

Goals for 2023 and Beyond
  • Facilitate meaningful community engagement and foster social investment to empower and support the local communities where we operate.
Targets for 2023 and Beyond
  • Employ 20 summer students between 2021 and 2025.
  • Volunteer 140 hours annually.

Indigenous Relations

Goals for 2023 and Beyond
  • Strengthen partnerships with Indigenous communities through effective communication and supportive relationships.
Targets for 2023 and Beyond
  • Enhance First Nation community initiatives, with a focus on health, education, and cultural awareness.
  • Participate in three cultural learning events annually.

Business Ethics and Integrity

Goals for 2023 and Beyond
  • Uphold robust corporate governance practices that promote ethical conduct and foster accountability across the organization.
Targets for 2023 and Beyond
  • Require an acknowledgment of our Code of Business Conduct and Ethics by all employees annually.
  • Maintain compensation tied to ESG Performance.
  • Maintain Board Diversity with at least 30% female representation of independent Board membership.
  1. Due to Crew’s divestment from our heavy oil assets in 2021, we will redefine our baseline year for certain emission and abandonment and restoration targets.
  2. Due to Crew’s divestment from our heavy oil assets in 2021, we’ve had a significant change to our emission profile. As a result, we have adjusted our base year to 2021, specifically focusing on our B.C. GHG and intensity metrics. This ensures that our reduction targets are set relative to a baseline year that reflects a more accurate representation of our operations.
  3. Crew is using our 2014 B.C. methane intensity of 0.004 tCO2e/boe to highlight our progress against the Government of British Columbia’s methane reduction regulations.
  4. As per the B.C. regulations for 2022, Envirosoft uses the Intergovernmental Panel on Climate Change (“IPCC”) 5th assessment global warming potentials (1 CO2: 28 CH4) to calculate CO2e of methane emissions. In previous years, Envirosoft used IPCC’s 4th assessment global warming potential (1 CO2: 25 CH4).
  5. Due to Crew’s divestment from our heavy oil assets in 2021, we’ve had a significant change in the number of idle wells. Considering this, we have adjusted our base year to 2021, specifically focusing on our B.C. idle well metrics, which were 131 in 2021. This ensures that our reduction targets are set relative to a baseline year that reflects a more accurate representation of our operations.
  6. Idle wells do not include drilled but uncompleted (DUC) wells.
  7. A&R net investment includes non-operated spending, as well as government funding for 2020, 2021, and 2022 only.