ESG is at the heart of Crew’s DNA
At all levels within Crew, we live and breathe the belief that our long-term success and sustainability requires careful consideration of people, the planet and profitability. From our Board of Directors to every single employee, we have created a culture that supports and advances ESG principles at every turn.
Board of Directors
Responsible for the overall governance and stewardship of Crew; assigns Environmental, Social and Governance related responsibilities to its GEHS&S Committee.
Oversee policies, procedures, internal control systems and strategies relating to sustainability, environment, health, safety and related governance matters.
Responsible for Crew’s ESG performance by implementing ESG management strategies, plans, and disclosure.
An employee-led ESG Steering Committee educates and engages staff on ESG-specific initiatives, gathers data, and develops targets related to Crew’s ESG performance.
Board of Directors
Crew’s ESG oversight starts at the Board level, with assigned ESG responsibilities to its GEHS&S Committee.
The Governance and Environment, Health, Safety, and Sustainability (“GEHS&S”) Committee develops and oversees corporate policies, practices, and programs relating to emission tracking, water use, climate-related risks, environmental protection, health and safety, and governance matters. Quarterly, management reports to the Committee and collaborates with the Board on areas for continuous improvement.
Oversees fundamental policies, procedures, internal control systems, and strategies related to climate-related issues, environmental protection, health and safety, and related governance matters.
Reports to the Corporate GEHS&S Committee regarding Crew’s ESG initiatives, opportunities, performance, and compliance and are responsible for Crew’s ESG performance by implementing ESG management strategies, plans, and disclosure. Management continually reviews actual performance in material ESG areas relative to corporate objectives, regulatory requirements, and industry peers. Quarterly and annually ESG performance is reported to the Board through the COO. All ESG-related initiatives and materials are reviewed and approved by the CEO. Additionally, an ESG Steering Committee was established that includes management and employees across different organizational functions.
Executes strategies and initiatives while monitoring data to determine performance and areas of improvement. An employee-led ESG Steering Committee educates and engages staff on ESG-specific initiatives, gathers data, and develops targets related to Crew’s ESG performance. However, the committee’s mandate will evolve with the development of our ESG disclosure, our commitments and targets, and the follow-on advancement of monitoring our performance based on these goals and targets.
Compensation Linked to ESG Performance
To further promote a culture focused on corporate responsibility and sustainability, the compensation of Crew employees and executives is tied to core financial and operational performance measures that include but are not limited to governance, social, health, safety, and environmental performance.
Management of the Legal and Regulatory Environment
We seek to work collaboratively and transparently with all regulatory agencies.
Crew is a member of The Explorers and Producers Association of Canada (“EPAC”), with Crew’s Vice President of Government & Stakeholder Relations participating as a member of EPAC’s Board of Governors.
Through EPAC, Crew is able to provide input on the legal and regulatory process for policy. Additionally, Crew meets regularly with Government representatives in the various provinces we operate to receive updates on changing policy and to provide direct input on proposed changes.
Managing ESG Related Risks
Risk evaluations are integral in the planning and execution of every project and investment we undertake. Crew’s process for risk management is a tiered approach using prevention, detection, and mitigation techniques.
- Prevention – Crew has actively engaged with Work Safe B.C. to evaluate potential Process Safety incidents and has jointly developed scenarios and risk mitigation for these assessments.
- Detection – Early detection of issues related to process safety events, or loss of containment is critical to prevent escalation of events, and includes differential meter monitoring on liquids pipelines to enable early detection and shutdowns on our multiphase pipeline systems.
- Risk Mitigation – Pre-planning meetings and ongoing open and honest dialogue with stakeholder; regularly reviewing our integrity management plans and programs; having a robust Emergency Response Plan (“ERP”) in place; and continually conducting training to ensure that our response is effective.
All incidents are reported immediately to the Operations and Environmental, Health and Safety (“EH&S”) teams. These incidents are reviewed quarterly on an operational level and the Board level through the Corporate GEHS&S Committee. Additionally, the Board reviews any significant reports by regulatory agencies, external environment, health and safety consultants or auditors concerning Crew’s performance in environment, health and safety. This review includes necessary corrective measures to address issues and risks identified by Crew, external auditors, or regulatory agencies.
Crew’s strategy to mitigate ESG risk is similar to our corporate risk management approach, as noted above, with the identification, assessment, and management of each risk. Through the process of conducting a materiality assessment Crew has been able to identify risks and sustainability concerns that have the most significant impact on its business. As part of this assessment, one of Crew’s significant business risks identified is Greenhouse Gas (“GHG”) Emissions and Reduction.
Understanding that Crew plays a critical role in contributing to a more sustainable and lower carbon future, Crew manages climate and GHG emissions risks at the Board level under the responsibilities of the Corporate GEHS&S Committee. To effectively address climate change risk, Crew’s Board oversees the following:
- Crew’s policies, procedures, internal control systems and strategies relating to climate-related issues to ensure due assessment, consideration and management of risks, opportunities and potential performance improvement relating thereto;
- Review of Crew’s business strategy and financial planning that integrates and takes into consideration climate-related issues;
- Review of periodic reports from management regarding Crew’s initiatives and opportunities to optimize its climate-related performance, including processes to reduce emissions and reduce or substitute energy; and
- Consider and review the setting and performance against appropriate targets, benchmarking, procedures and reporting methods used by Crew to measure its climate performance.