1、2019SustainabilityReportWHO WE AREPEOPLEENVIRONMENTETHICS&GOVERNANCEAPPENDIXAbout IPCOur industry in the global contextAdvancing our ESG reportingOur approach to sustainabilitySafetyHealthEmploymentCommunitiesGHG emissions&climate strategyLand&biodiversityWater managementWaste managementCorporate go
2、vernanceRevenue transparencyAnti-corruptionHuman rightsSustainability dataGRI indexAbbreviations.2.4.5.6.9.12.14.15.17.22.26.27.29.31.31.32.34.36.4028162834ContentsThroughout 2019 we set out an ambitious development and optimisation plan in each of our operating regions.Thanks to the performance of
3、our high calibre teams we were able to deliver an impressive production increase of more than ten percent.Our teams have demonstrated operational excellence once more with the many successes in 2019.In Canada,we safely delivered a 26 development well programme in the Suffield area,upgraded the Onion
4、 Lake Thermal facility and completed the drilling and commissioning of the new F-Pad.In France,we successfully delivered the drilling of the first horizontal wells in our Rhaetian reservoir as part of the Vert-la-Gravelle field redevelopment project.In Malaysia,through our third infill drilling camp
5、aign,we saw the successful delivery of an additional three wells at the Bertam field.The challenges we faced and overcame in 2019,such as the extreme cold weather in Canada,refinery shutdowns in France and rig delays in Malaysia,now seem small in comparison to the unprecedented situation that we fac
6、ed in 2020.The COVID-19 pandemic disrupted the global economy,put peoples health at risk and led to the collapse in oil demand and prices.At IPC we rapidly adapted our working practices to keep our people safe whilst continuing to run our operations with business continuity plans in place.The profou
7、nd weakness in oil prices in the first half of 2020 required swift action to reset our business plan to preserve the financial strength of IPC for brighter times ahead.Today,the focus on the industrys contribution to address environmental challenges that the planet faces is higher than ever.We belie
8、ve that it is critical for IPC to demonstrate to all of our stakeholders how we integrate sustainability into the responsible execution of our projects,the management of our workforce and in our corporate governance.Our sustainability strategy encompasses our commitment to protecting people and the
9、environment,as well as upholding the highest standards of business ethics.We foster a respectful work environment with a strong safety culture,where employees are given the support needed to develop competency as well as having various forums to contribute and raise questions or concerns.In 2019,we
10、have had a good health and safety performance with only low severity incidents.We recognise that every incident is one too many.Therefore,we make sure that every safety incident,no matter how small,is recorded and improvement measures implemented.It is our priority to make sure everyone comes home s
11、afely.Responsible operatorship and ensuring that we adhere to the highest principles of business conduct have been an integral part of how we do business since the creation of IPC in 2017.Over the past three years,IPC has rapidly grown our business with the completion of three acquisitions in Canada
12、 as well as significant investments in our French and Malaysian businesses.In parallel,we have made a concerted effort to further develop and improve our sustainability strategy.An important part of this journey involves the measurement and transparent reporting of a broad range of ESG metrics.I am
13、very pleased to present to our stakeholders for the first time,IPCs inaugural Sustainability Report.Our engagement with local communities became a more prominent area of involvement in 2019 with the integration of the northern assets in Alberta and Saskatchewan.The Onion Lake Cree Nation is one of o
14、ur key stakeholders and business partners,and we share the benefits from our activities at Onion Lake with them.We also supported local economic development by investing more than USD 14 million with indigenous suppliers in 2019.Climate change has become an increasing topic of interest among our sta
15、keholders.To align with growing expectations in this field,we have developed our climate strategy with a five-year horizon.Operational efficiency has been our main contribution to reduced levels of emission in the past.Today,we continue to pursue new operational emission reduction opportunities and
16、engage in carbon offsetting to compensate for our direct emissions.I am very pleased to advise that starting in 2020 we have made the commitment to progressively invest in carbon offsetting projects to lower our carbon footprint by up to 50%of our CO2 emissions over the next five years.While a great
17、 focus is on reducing CO2 emissions,we must also focus on terrestrial and marine environmental conservation.These are at the core of our environmental stewardship in all our operating regions where we monitor potential impacts to preserve the surrounding biodiversity.The backbone of our responsible
18、business is the strong corporate governance we have in place.Our Board of Directors oversees all aspect of our business and ensures that we apply the necessary checks and balances at all times.We have zero tolerance for any form of fraudulent or corrupt practices and we promote revenue transparency.
19、I am please to announce that IPC has joined the United Nations Global Compact in 2020,the year of the 20th anniversary of this leading global initiative for good corporate citizenship.We support and are committed to upholding the 10 Principles of the UN Global Compact on human rights,labour,environm
20、ent and anti-corruption.This report is our first Communication on Progress to the UN Global Compact and we look forward to reporting on our progress in the years aheadYours Sincerely,Mike NicholsonPresident and CEOMessage from the CEO1IPC Sustainability Report 2019FranceCanada Creation of IPC as spi
21、n-off from Lundin Petroleum ABApr 2017 Phase 2 infill drilling,Bertam field,MalaysiaDec 2017 Acquisition of BlackPearl Resources Inc.Sale of non-operated gas assets in the Netherlands Dec 2018201720192018 Acquisition of the Suffield area oil and gas assets in southern Alberta,CanadaJan 2018The Berta
22、m field in Malaysia is an offshore asset with light,high quality oil.The field is operated with a wellhead platform and a floating production storage and offloading vessel(FPSO)at approximately 170 km offshore Peninsular Malaysia.In France,IPCs assets are comprised of two main operating basins,the P
23、aris Basin,which is operated by IPC,and the Aquitaine Basin,which is operated by a subsidiary of Vermilion Energy Inc.Production from IPCs oil and gas assets in France is light,high quality oil.Our vision is to grow a successful upstream exploration and production company in a safe and environmental
24、ly responsible manner for the long-term benefit of all stakeholders.Established in 2017,IPC is now operating on three continents with assets in Canada,France and Malaysia.IPC operates its assets in Canada,France(Paris Basin)and Malaysia and owns non-operated interests in France(Aquitaine Basin).Our
25、growth strategy involves investment in organic growth to ensure that the full resource and value potential of our assets can be realised as well as the acquisition of additional reserves and resources at the production and/or development stage,allowing us to mature those resources and additional sha
26、reholder value over time.In Canada,IPCs oil and gas assets are located in Alberta and Saskatchewan.The Suffield area oil and gas assets and the recently acquired Ferguson oil asset are high quality conventional assets in southern Alberta.The Onion Lake,Mooney and Blackrod assets are heavy crude oil
27、assets with conventional and steam assisted development methods in northern Alberta and Saskatchewan.2IPC Sustainability Report 2019International Petroleum Corporation(IPC)is an internationally focused upstream oil and gas company with a portfolio of exploration and production assets in Canada,Malay
28、sia and France.About International Petroleum CorporationFranceMalaysiaDevelopmentProductionExplorationFPSO Facility First horizontal development well online at the Vert-la-Gravelle field,FranceSep 2019 Acquisition of Granite Oil Corp.Mar 20202020 Phase 3 infill drilling,Bertam field,MalaysiaJun 2019
29、Operatingcost12.8USD/boeReserves&resources1,389MMboeProduction46MboepdCapitalexpenditure181MUSDOperatingcash flow308MUSDTotalrevenues554MUSD2019 Highlights3IPC Sustainability Report 2019UpstreamOil&gas exploration,drilling,development,production&sales of crude oil Storage,transportation&distribution
30、Refining,retail&marketingof petroleum productsMidstreamDownstreamOil&gas explorationand productionTransportand storageProduct preparationand usageAt the Heart of Energy SupplyAir transportOil and gasusageRoad transportSea transportChemicalsPharmaceuticalsRoadsImprovingstandards of lifeBuildingmateri
31、alsOur Industry in the Global Context4IPC Sustainability Report 2019One of the most relevant contributions of the oil and gas industry is providing affordable and reliable energy to the world.Heat,light and mobility have lifted millions of people out of poverty in the past century.Today,the world is
32、 at an intersection;balancing the need to continue to provide affordable energy while addressing the complex environmental challenges it faces.At IPC,we believe that energy lies at the heart of the global economy and will remain an integral part of our modern lives.We understand that the global ener
33、gy system is undergoing rapid and significant change and it is likely that renewable energy sources will become the fastest growing source of energy to meet the IEAs Sustainable Development Scenario.Oil and gas represent 60%of global energy sources today and will continue to be an essential part of
34、the energy mix in the foreseeable future where world energy demand is predicted to increase by 30%over the next two decades.Oil and gas are integral to modern life.Beyond their use as fuels,oil and gas are used across many sectors in a wide variety of products and manufacturing applications ranging
35、from everyday items,to life-saving medical equipment.GHG emissionsEmission reductionsCarbon offsetsBiodiversityArchaeological&cultural sitesLand reclamationWater&wasteHuman rightsHealthSafetyCOVID-19 responseEmploymentContractorsCommunitiesEmergency preparednessDiversityCorporate governanceRevenue t
36、ransparencyExecutive remunerationRisk managementAnti-corruptionWhistleblowingCarbon pricingEthicsEnvironmentPeopleMaterial TopicsWe strive to continuously improve our sustainability reporting and will engage with our stakeholders to ensure our disclosures are relevant and focused.We will continue to
37、 evaluate our approach to materiality as we progress in our disclosures and conduct materiality assessments both through internal and external methodologies with a view to refining the topics we report on and remaining aligned with stakeholders evolving expectations.Reporting on dataData presented i
38、n this report covers the entire Company with our three operating countries and operations offices unless otherwise stated.The terms“IPC”,“International Petroleum Corp.”,“our”,“we”,“us”,“the Company”and“organisation”,refer to International Petroleum Corporation combined with its subsidiaries.Any data
39、 limitations are explicitly noted within the performance figures.The data contained in this report includes data through to December 31,2019 and all financial information is presented in USD unless otherwise stated.While the reporting period is 2019,key developments in early 2020 have been provided
40、for additional context given the extraordinary nature of Q1 and Q2 2020.About this reportIn guiding the development of this report,IPC implemented the reporting frameworks and best practices in the oil and gas industry including the Global Reporting Initiative(GRI)Standards and the International Pet
41、roleum Industry Environmental Conservation Association(IPIECA)reporting guidance.The report aligns to the GRI standard disclosures,and GRI principles have defined our reporting approach.The GRI index is included on pages 36-37 and indicates where specific disclosures are addressed within the report.
42、The index also cross references progress on the UN Global Compact principles,as well as contributions to the SDGs.In 2019,we updated our environmental reporting using the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard.Materiality for sustainability reportingMateriality in sustai
43、nability reporting is determined by the potential of a particular topic to affect,positively or negatively,a companys performance and external opinion.To determine our material topics,we sollicited internal and external stakeholder views through dialogue,media articles,public reports and trends in s
44、ustainability and ESG assessments.IPC then benchmarked these results against those topics most reported by our industry peers.In the process of defining the report content we adopted a stakeholder identification and engagement approach in line with IPCs Stakeholder Relations Policy.The content of th
45、e report reflects the most material areas of focus to the Company and its stakeholders,and has been approved by the Executive Committee and the Board of Directors(“Board”).5IPC Sustainability Report 2019Advancing our ESG ReportingThis is the first sustainability report for IPC.We report on how we ma
46、nage environmental,social and governance(ESG)factors,including impacts,risks and opportunities.14.3 MUSDspent withFirst Nationsbusinesses30%First Nationsworkforce atOnion Lake29%womenemployees98%localhiring2.3 MUSDspent towardsasset retirementZerosevereinjuries71.9 MUSDpaid in taxesand royalties 1In
47、tegration ofUN GlobalCompactprinciples24,000 t CO2eoffsets generated150,000 t CO2eannual reductionsZeroincidents ofdiscrimination or humanrights grievance1 Including fees,production entitlements,bonuses 2019 HighlightsIPC has created a sustainability framework under which we integrate environmental,
48、social and governance issues across all aspects of the Company.Responsibility and accountability for the conduct of our activities lies with the Board of Directors,our highest governing body,and its dedicated Reserves and HSE Committee.Strategic decision making with respect to IPCs sustainability st
49、rategy sits with the Executive Committee.In our operating regions,General Managers have the overall responsibility for the safe and sound conduct of operations.We have established sustainability task forces and health&safety committees,recognising that our sustainability journey requires the involve
50、ment of everyone.In working towards defining and executing on our sustainability strategy,we align with the United Nations Global Compact Principles and seek to contribute to the United Nations Sustainable Developments Goals(SDGs).We believe all members of society have a role to play in achieving th
51、e SDGs,and IPC contributes positively to a number of the SDGs,such as SDG 8(Decent Work and Economic Growth),and we are working to improve our impact on others,such as SDG 13(Climate Action).Based on the estimated demand for oil and gas in the coming decades,we understand our main contribution is to
52、 ensure that this demand is met in a responsible way.The SDG icons within this report help the reader navigate the report through a SDG lens.In 2019,the Board adopted a Sustainability Policy which provides high-level guidance and reflects how sustainable business practices are part of every aspect o
53、f our activity.The overall policy is further supported by subject specific policies and procedures setting clear expectations and providing guidance to our countries of operations,ensuring we apply the same high standards across IPC.This structure creates accountability throughout IPC from the Board
54、 and executive level to the operations in each country.The Sustainability Policy sets out the following overarching principles that guide IPC in developing and implementing its sustainability strategy:Deliver energy to meet the needs of society by:Responsibly developing our assets in a manner that m
55、inimises adverse impacts to the environment and to people;and Supporting the economic and social well-being of our stakeholders and the communities in which we workEach of these principles is further explored and developed through the lens of three focal areas;namely,People,Environment and Ethics&Go
56、vernance.People drive our performance and are key to our success.Positive relationships are fundamental to maintaining our social licence to operate and enable IPC to have a positive impact on people by providing opportunities and increased quality of life.We manage the environmental effects of our
57、operations and work to continuously improve upon the ways in which we interact with and impact the environment.We operate in a manner that seeks to preserve biological diversity and safeguard ecosystems,species and genetic diversity for future generations.Strong governance starts at the top of our o
58、rganisation.Our Code of Ethics and Business Conduct is the foundation of our corporate values.We place responsibility on each and every employee to comply with and uphold these standards.At IPC,we are driven by values of fairness and transparency.We promote a culture of open and honest dialogue with
59、 our stakeholders and recognise the principles set out in the UN Guiding Principles on Business and Human Rights.Our journey continues2019 marks the first year of IPCs sustainability reporting.With that we are embarking on the journey of disclosing our management of ESG aspects and pursuing our sust
60、ainability vision.Our sustainability goals represent the elements which provide the foundation on which IPC continues to refine its sustainability strategy towards achieving broad integration of sustainability across all areas of our business.6IPC Sustainability Report 2019Our Approach to Sustainabi
61、lity123412341234EnvironmentEthics&GovernancePeopleFoster a safe and healthy work environment that promotes dignity,respect and diversity Recognise and value the contributions of all employeesStrive towards a goal of zero harm to people Continuously reinforce our safety culture and competence through
62、 appropriate measurement and analysis of KPIsWork with our communities in the planning of our projects and contribute to theirdevelopment Share in the benefits that come from our operations,including through job creation,local sourcing and align with community needsEngage with the Onion Lake Cree Na
63、tion and other First Nations and Mtis communities,with an approach of respect,openness and transparency Operate in a manner that recognises the historical and cultural importance of the lands and work collaboratively with the First Nations and Mtis communities to enhance their wellbeing through empl
64、oyment and other opportunitiesReduce direct emissions Identify,invest and implement technologies in operations that reduce emissions,and undertake carbon offsetting to further reduce environmental footprintDevelop and execute on our asset retirement strategy Return lands to equivalent land capabilit
65、y after operations are complete Minimise,manage and remediate any adverse impacts of our operations on native species Conduct environmental impact studies,surveys and monitoringMinimise the occurrence of spills Incorporate preventive measures and response plans to safeguard the environmentEnsure app
66、ropriate governance in line with international best practice Implement policies and control mechanisms to address the 10 principles of the UN Global CompactEnsure a consistent approach to enterprise risk management across the whole company Conduct regular risk review processes both at the country an
67、d corporate levelAdhere to a zero tolerance policy for any fraudulent or corrupt acts Communicate on a regular basis fundamental policies and practicesProvide employees and other stakeholders a means of raising concerns Employ systems that protect anonymity and integrity,and encourage concerns to be
68、 brought forward Our Sustainability Goals7IPC Sustainability Report 2019IPC Sustainability Report 20198Health and safety of employees and contractors working for IPC always comes first.We are committed to a goal of zero harm to people and to providing our workforce with a safe,healthy and productive
69、 work environment wherever we operate.PEOPLEmosteffectiveleasteffectiveEliminationSubstitutionEngineering ControlsAdministrativeControlsPPERemove the hazardReplace the hazardIsolate worker fromthe hazardChange the wayof workingProtect theworkerHierarchy of ControlsSafety planning for drilling Drilli
70、ng programmes involve a coordinated effort from staff across various disciplines at IPC.As part of our 2019 drilling season preparations in Canada,Malaysia and France,we conducted a two-phased approach which included a“drilling a well on paper”(DWOP)exercise,as well as large-scale drilling safety me
71、etings.The intent of the DWOP is to ensure a common understanding of the technical features of the well,including identification of any potential hazards.That information then forms the basis of the drilling safety meeting held primarily with field operations,including staff and service providers,wh
72、ich allows operation teams to anticipate and prepare for the drilling programme.During drilling operations,safety tailgate meetings are held at the beginning of each day in the drilling programme to ensure that staff and service providers are aligned from a safety and technical perspective and to sh
73、are key learnings from the previous days activities.SafetyApproach to safety in our workplaceIPC is committed to developing and maintaining a strong safety culture across our organisation.IPC pursues a goal of causing zero harm to people by providing our workforce with a safe,healthy and productive
74、work environment that promotes a culture in which all employees have shared ownership and accountability towards safety.IPC strives to ensure that we can deliver strong business performance,maintain our reputation as a responsible operator,and keep staff fully engaged in our operations and safety cu
75、lture.Safety is integrated into every aspect of our operations,and ownership and responsibility for safety is shared across all levels of the organisation.Our priority is ensuring that every employee,contractor and service provider at IPC returns home safely.Safety cultureIPC recognises that a cultu
76、re of safety requires a strong commitment from the highest levels of the organisation.As part of that commitment,members of our senior leadership team participate in regular safety meetings held with field staff.These meetings encourage staff and management to share safety moments and to learn from
77、one another.Daily reports and toolbox talks,weekly site-level safety meetings and monthly management meetings form part of the day-to-day integration of safety planning and execution in our operations.Analysis of safety performance and targets is also important for the leadership team,with managemen
78、t performance evaluated in part through key safety performance indicators.In order to mitigate risks to our culture,IPC safety advisors are integrated into the day-to-day operations.This also helps to promote a collaborative approach to safety,as well as prioritising safety as a defining aspect of o
79、ur overall culture.Health and safety management systemsThe IPC Health&Safety Policy and Health&Safety Management System set the context for the local health and safety management systems in our operating regions.Executing our operations in a safety conscious manner also means providing staff with ad
80、equate and relevant guidance,regular training opportunities and involving them in the reviews of key policies,procedures and safe practices.Online training modules and quick reference guides are daily reminders of safe work practices.Fundamental to ensuring our activities are conducted in a safe man
81、ner is the identification,elimination or minimisation of hazards,which we do according to the hierarchy of safety controls.Workplace hazard identification and control,qualitative and quantitative risk assessments,safe work procedures and permit-to-work systems,safe work observations,stop card system
82、s,incident reporting and investigation are intrinsic parts of our management of health and safety.9IPC Sustainability Report 20191 Employees&contractors0Fatalities4LTIs1RWIs2MTIs2.2Million hoursworked 12019 Performance10IPC Sustainability Report 2019Health and safety reportingOur health and safety p
83、erformance is shared across the Company from field operators to the Board.Incidents that are classified as high-potential or result in a reportable injury are reported,analysed and lessons learnt are shared and integrated in work practices.Consolidated health and safety performance data are evaluate
84、d to identify trends and to develop focused incident and injury prevention strategies.Over the years 2018 and 2019 we have leveraged on modern technology by implementing in all our Canadian assets a software application through which data is continuously collected,recorded and reviewed.Switching to
85、this online HSE data management system allows field workers to record incidents or hazard identifications in real time from their mobile device.A notification is sent to the competent supervisor who can act quickly to address the reported incident.Collected data is then analysed to understand emergi
86、ng trends,and shared in regular safety meetings where staff are given the opportunity to share key learnings and raise awareness around potential hazards.Performance indicatorsWe measure our health and safety performance using a combination of leading and lagging indicators.Leading indicators help u
87、s identify strengths and weaknesses in our health and safety systems and procedures,and highlight areas where we need to address potential hazards to safety or health to prevent incidents from occurring.Leading indicators include occurrences like near-misses,workplace inspections,identified hazard r
88、eports,workplace safety observations and health and safety suggestions.Lagging indicators help us to learn from incidents and to improve our existing practices using that knowledge.Our primary lagging indicators for measuring health and safety performance are lost time incidents(LTI)and total record
89、able incidents,which is the sum of fatalities,LTIs,restricted work incidents(RWI)and medical treatment incidents(MTI).We account for employee and contractor incidents equally.In 2019,we recorded in total four low severity LTIs;two in Canada and two in France,as well as one RWI and two MTIs in Canada
90、 for 2.2 million hours worked.Safe offshore transportation in MalaysiaOn September 1,2019 IPC operated its first flight for routine crew change to the Bertam field in Malaysia.Months of planning and coordination with the helicopter operator,authorities and industry partners preceded the first flight
91、.Industry recognised offshore survival training is mandatory for all passengers,with safety controls and measures enhanced by robust boarding and departure compliance protocols.Additionally,there are stringent metocean condition limitations and monitoring requirements to be met prior to any planned
92、helicopter takeoff.Helicopters service offshore oil and gas operations.Not only are they utilised for routine crew change operations,they are also key to emergency transportation such as vessel evacuation,medical evacuation,and search and rescue operations.IPC joined a Malaysian industry initiative
93、to substitute vessels with helicopter crew transfers during the monsoon season.In 2019,the helicopter services operated for 18 weeks and a total of 177 flight hours with no safety incidents.No helicopter transfer for emergency transportation was required for 2019.11IPC Sustainability Report 2019Offs
94、hore oil spill response trainingIn April 2019,IPCs FPSO Bertam operation team completed a 3-day advanced oil spill response training course provided by our partner Pimmag,Malaysias oil spill response organisation.ContractorsIPC engages contractors as part of its regular ongoing operations.Responsibl
95、e contractor management starts with a due diligence process at pre-qualification stage,during which contractors are screened using HSE criteria.Our agreements with contractors contain clauses respecting their obligation to abide by nationally and internationally recognised safety standards and highe
96、st standards of business conduct.After we have ensured that contractors meet our high safety standards,they are introduced into our operations,and integrated into our safety practices and culture through continued engagement with our staff.Developing strong relationships with our contractors helps t
97、o ensure that we are aligned in our operations and promotes learning opportunities across all members of our team.In France,we organise an annual contractor safety day with more than 100 people representing approximately 80 contracting companies.General managers,HSE managers and health and safety co
98、mmittee members attend our safety day where operational updates,safety statistics and requirements,and lessons learnt are communicated.It is also a unique opportunity for our contractors to learn about IPCs development activities and participate in site visits.Finally,one-on-one sessions are held wi
99、th each contractor for a final review of the previously established risk assessments of their activities.Through the conduct of these safety days we ensure to engage with our contractors in a meaningful manner prior to the start of the work,to establish individual prevention plans and meet regulator
100、y requirements.Emergency preparednessCrisis management,emergency response and site-specific contingency plans are in place at all of our operations.We ensure appropriate levels of emergency response preparedness through regular training and simulated emergency exercises at site,country and corporate
101、 level.In addition,each operation maintains emergency response capabilities and equipment suited to the operating environment and the associated risks.Spill prevention and responseOil spill contingency plans,training and affiliations with oil spill response organisations are key elements to effectiv
102、e prevention and remediation of spills.Every operation has arrangements with regional oil spill response organisations in order to obtain assistance in the event of a spill that would exceed IPCs internal response capabilities.We are also a member company to the world largest oil spill preparedness
103、and response organisation,Oil Spill Response Limted(OSRL),as an additional tier to our oil response capabilities.In 2019,we had no reportable oil spills in our offshore operations.In Canada,releases reported to the regulator include emulsion leaks due to top drive seal failure and nipple fitting cor
104、rosion at Suffield and handling error during tank fill operations at Onion Lake.Due to access constraints at Suffield,one spill resulted in 30 m3 of emulsion,composed of 98%of produced water and 2%of oil.The spill did not spread on land as all fluids were contained within the wellhead caisson.Recove
105、ry and remediation is deployed as soon as a release is identified.A steam and vacuum technique is used to remove the released fluids.Top soil is removed and replaced where required,and native grass sowed.Our goal is to recover as close to 100%of the released volumes as possible within the shortest t
106、ime frame.Spill management in Canadian onshore operationsIPCs operations involve more than 6,000 km of pipelines,oil and gas processing facilities as well as over 10,000 wells.We actively strive to minimise the occurrence and impact of oil or produced water spills in a variety of ways.IPC has develo
107、ped an asset integrity plan which guides us in our spill reduction efforts.The plan is supplemented by a newly implemented pipeline management software that incorporates operational parameters along with static pipeline data to quantitatively aid in determining which pipelines present the highest ri
108、sk.In addition,IPCs Emergency Response Plan ensures that spills receive timely action when they occur.Through continuous investment in proven technologies and engaging in collaborative working sessions between management,operations and engineering,IPC works to proactively safeguard the surrounding e
109、nvironment where our assets are situated.In 2019,IPC strengthened its approach to spill management through various operational implementations.IPC completed the installation of leak detection in the Suffield asset which transmits data through radio networks to its supervisory control and data acquis
110、ition systems.This has resulted in a more than 50%improvement in response time to pipeline failures,thus minimising spill volumes.Additionally,IPC increased cathodic protection measures on pipelines and conducted leak detection surveys to reduce the likelihood of spills.Staff are trained internally
111、to recognise early signs of potential leaks,and spills are tracked and analysed with historical data being used to understand spill sources and predict potential areas for further investigation.IPC Sustainability Report 201912HealthOccupational healthIndustrial hygiene and occupational health are an
112、 integral part of our overall health and safety management system.We have stringent measures in place,from product selection and storage,operating practices to PPE requirements,to prevent exposure to chemical substances,noise or other potential hazards.We continuously monitor the control of exposure
113、s to chemical,biological,physical and ergonomic risks at our sites to prevent acute illness and long-term chronic occupational disease.Health assessments and fitness-for-work examinations include hearing tests,respiratory evaluations and workplace drug and alcohol screenings.Health promotionOur occu
114、pational health efforts go beyond regulatory requirements.IPC employees globally benefit from medical insurance coverage and paid medical leave.We also promote sound health practices and encourage office and field staff to adopt healthy habits.Health campaigns conducted in 2019 include:General healt
115、h awareness Stress management and mental health Ergonomics campaign Availability of sport facilities Promotion of bike to work2020 Global ChallengeIn January 2020,IPC participated for the first time in the Global Challenge.We had 259 participants from IPC Canada,France,Malaysia and Switzerland.Durin
116、g the 100-day challenge we walked:4,75 times around the world or 190,596 kmThe Global Challenge benefits:71%of IPC participants walked 10,000+steps per day(vs 17%before the programme)62%of IPC participants report greater awareness about what they eat 74%of IPC participants lost weight IPC participan
117、ts slept on average 47 minutes more per night“This journey took me to a better place by helping me be more aware of my choices,stimulating me to be more active and as a bonus,helping me shed a few pounds.”Carmen Koch Senior Facilities Engineer CanadaProactivemeasuresBusinesscontinuityplanningCaseman
118、agement Awareness campaign Promotion of personal hygiene Travel restrictions Operational impact assessment Supplier management Staggered work shifts Spread prevention Work from home Health monitoring Preventive isolation of close contacts Engagement with local regulatorsIPC COVID-19 Response13IPC Su
119、stainability Report 2019COVID-19 responseThe impact of the novel coronavirus(COVID-19)has touched every corner of the globe in 2020.At IPC,we have been working across our organisation in response to these unprecedented circumstances that our people,communities and business have faced.Operating pract
120、ices had to rapidly adapt,including a swift response incorporating recommendations from governments on dealing with the outbreak.Throughout the peak of the pandemic,we held daily meetings with emergency response teams,leadership and senior management to address and respond to the ever-changing condi
121、tions in the countries where we operate.Robust processesSince January 2020,we have been closely monitoring the evolving epidemic,putting proactive measures in place to safeguard the health and safety of our employees and contractors.Our pandemic response plans were swiftly adapted to ensure business
122、 continuity during the COVID-19 pandemic and activated measures to address COVID-19 in accordance with the guidance of local health authorities and the World Health Organization(WHO).To date,we have not experienced any serious disruption to our operations directly due to the coronavirus.Protecting p
123、eopleTo allow work from home for a portion of our workforce,and thus reduce interactions through commuting or close contact with co-workers,we have enhanced IT systems and security,and ensured the internal control framework,financial reporting and review process remain active.We have site specific b
124、usiness continuity plans in place at our operating sites to make sure we can continue to produce oil and gas,one of the key sectors recognised as an essential service during this crisis.We implemented processes and PPE to protect those workers involved in critical operations and required to continue
125、 to work at their normal workplace.This includes operating robust protocols for health and pre-mobilization checks,travel and workplace access,social distancing and isolation.Credible informationAs the situation related to the spread of the coronavirus evolved,we recognised the importance of sharing
126、 credible information on the virus to counteract to the myths and false information spread across the internet.We regularly updated our staff with the latest information from credible sources such as local health authorities and the WHO,touching on topics such as transmission,signs and symptoms,risk
127、s of exposure and preventive actions.COVID-19 response working groupIPC also participates in a COVID-19 response working group with other Lundin group companies and coordinated by the Lundin Foundation.A broad spectrum of socio-economic and health aspects brought to light during this crisis continue
128、s to be addressed through sharing of best practice and lessons learnt.Common areas of concern and interest include stakeholder communication,building community trust,mental health,crisis preparedness and a possible rebalancing of ESG interest in favour of social aspects by the investor community pos
129、t COVID-19.26%ManagersWomenin ourBusiness17%Seniormanagement14%Board ofDirectors29%EmployeesIPC Sustainability Report 201914EmploymentPeople drive our performance and are key to our success.IPC aims to create a safe work environment that promotes dignity and respect,and in which diversity and the co
130、ntributions of all employees are recognised and valued.Our approach to human resourcesWe believe that success depends on a skilled and motivated workforce.Our corporate culture is based on the values of trust,integrity,respect,transparency and accountability.We strive to attract,retain and develop t
131、alented and enthusiastic people who are dedicated to creating a respectful environment of high performance and achievement.We are committed to the training and development of our people.We offer in-house and external training in the areas of health and safety,technical expertise and courses that enh
132、ance team performance and capability.Our workforceAs of December 31,2019,IPC had a total of 285 full-time employees.IPCs global workforce in 2019 constituted of 529 people,including employees(54%)and contractors(46%).Local hiringEconomic development is supported through our local recruiting efforts.
133、It is a priority at IPC to draw our workforce from our host countries,regional and local communities,to ensure the economic benefit of employment remains in the communities near our operations.IPC recruits its workforce locally,with 98%of our global workforce hired in our countries of operations.We
134、also promote youth education and work experience by offering internships to students with a variety of backgrounds.In 2019,we welcomed interns at our operations office as well as regional offices in Canada,France and Malaysia.Four post-secondary students from the First Nations participated in our in
135、ternship programme at IPC Canada.In France,IPC sponsored and mentored one student from the French petroleum institute IFP School for the academic year 2019-2020.Working together with the Onion Lake Cree NationIn our operations on the Onion Lake Cree Nation(OLCN)lands,located in Saskatchewan,we partn
136、er with the local community to support employment opportunities.In 2019,members of the OLCN represented 30%of our workforce at Onion Lake.Through its operations,IPC has aided in the establishment and contracting of service companies that are owned and operated by the OLCN or its individual band memb
137、ers.The services provided are directly translatable to other operations and provide opportunities for OLCN members to work across the industry.In addition,students in related post-secondary programmes can apply for an internship with IPC where they receive direct,hands-on field training.After comple
138、tion of the programme,interns are placed on a priority list for hiring.Diversity in the workforceWe are committed to diversity in the workplace and equal opportunity between women and men.As outlined in our Diversity Policy,we value individual differences and diversity in our workforce,and recognise
139、 its benefits in accessing a broad pool of quality employees and ensuring employee retention.IPC fosters a work environment free from all forms of discrimination and harassment,and promotes an inclusive environment where employees have equal opportunity to contribute to our success.The Nominating an
140、d Corporate Governance Committee of the Board of Directors is responsible for making recommendations on the election or re-election of Board nominees and considers a range of factors,such as performance,skills and diversity,including identification and nomination of female directors.15IPC Sustainabi
141、lity Report 2019“This service means the world to the Suffield employees of IPC and our families that want us safe.Its a security blanket for our families knowing that we,their loved ones,work for a company that cares enough about us to help this service stay in the air and available to us if the nee
142、d arises.”Brad Christian Foreman Suffield Field OperationsCommunities Meaningful engagement with communities nearby our operating assets is key to ensuring sustainable operations.Operating contextWe currently operate in three different countries,each with unique and diverse cultures,languages,landsc
143、apes and levels of economic development.Our approach to community engagement is tailored to these differing operational contexts,making sure we respect and consider the rights,concerns and traditional land uses of nearby communities.Through inclusive dialogue,we are able to develop long-term relatio
144、nships built on trust and mutual understanding.Our approach to stakeholder engagementWe continuously engage with all of our stakeholders.Engagement takes place with regulators,mayors,local communities,indigenous communities and employees,and can take the form of in person meetings,town hall meetings
145、,consultation processes or written communications.For instance,engagement with the Onion Lake Cree Nation community,living 10 km away from the Onion Lake asset,takes place on an ongoing basis.IPCs Senior Vice President Canada is in direct regular contact with the communitys Chief and Council to shar
146、e and discuss any activity being planned by the Company.In France,local municipalities are engaged with on a regular basis.In annual meetings with the mayors of surrounding towns our IPC France General Manager shares past performance and future plans.In 2019,we have also organised site visits for co
147、mmunity representatives during the VGR drilling campaign and hosted an open door day for high school students sharing our knowledge about geology and oil&gas with the next generation.Community investmentIPC believes in providing financial support to the communities in which we operate in a way that
148、supports continued community development is key to our community investment strategy.We align our contributions with the areas that matter most to our stakeholders and that impact the success of our business.For the past two years,IPC has made financial donations to HALO Air Ambulance,a dedicated ai
149、r ambulance helicopter for the south-east corner of Alberta which is able to reach remote areas and locations with difficult accessibility.HALO serves all area residents and is critical to ensuring that community members can reach emergency medical care with minimum delay.IPC has also committed to e
150、nsuring that local emergency responders are equipped properly to respond to emergencies and provided the Slave Lake fire departments oil field training response centre with funding to secure safety specific equipment for oil and gas operations.IPC engages with the OLCN to support initiatives that ar
151、e meaningful to its members and to the ongoing development of the community.IPC provided financial support for the building of a community centre as well funds towards a housing initiative,both of which represented key infrastructure projects geared at community well-being.Chief Henry Lewis Onion La
152、ke Cree NationChief Henry Lewis Onion Lake Cree NationOur partnership with the Onion Lake Cree NationIPC is proud of its long-standing relationship with the Onion Lake Cree Nation(OLCN).As our stakeholder,the OLCN is consulted at each stage throughout the development project in Onion Lake,Canada.As
153、our partner,the OLCN is encouraged to participate as a working interest owner in the day to day business in addition to receiving a royalty on every barrel produced.IPC strives to be recognised as part of the OLCN community and we work closely with the community to ensure that they share in our succ
154、ess.We contribute funding for various community driven projects as well as support for spiritual and educational initiatives.IPC is committed to minimising the environmental impact of our operations and we respect the importance for the OLCN to preserve the land for future generations.As part of our
155、 continued presence on the lands,we seek to learn and understand stewardship of the land from the OLCN perspective guided by their historical and spiritual connection to the landsOur partnership with the Onion Lake Cree NationIPC is proud of its long-standing relationship with the Onion Lake Cree Na
156、tion(OLCN).As our stakeholder,the OLCN is consulted at each stage throughout the development project in Onion Lake,Canada.As our partner,the OLCN is encouraged to participate as a working interest owner in the day to day business in addition to receiving a royalty on every barrel produced.IPC strive
157、s to be recognised as part of the OLCN community and we work closely with the community to ensure that they share in our success.We contribute funding for various community driven projects as well as support for spiritual and educational initiatives.IPC is committed to minimising the environmental i
158、mpact of our operations and we respect the importance for the OLCN to preserve the land for future generations.As part of our continued presence on the lands,we seek to learn and understand stewardship of the land from the OLCN perspective guided by their historical and spiritual connection to the l
159、ands.ENVIRONMENTIPC Sustainability Report 201916We recognise the need to conserve ecosystems and living organisms and we aim to avoid,minimise,restore or offset potential impacts resulting from our operations.IPC operates in an environmentally responsible manner everywhere we operate.We integrate en
160、vironmental considerations in all phases of our project planning and seek to minimise risks to the natural environment.This includes measures such as environmental assessments,continuous monitoring,rehabilitation,and the implementation of new or improved technologies for the management of resources
161、and facilities.We aim to make the most efficient use of natural resources recognising the valuable ecosystem services they provide.We account for and report on our emissions to air,effluents and waste.We seek to limit greenhouse gas(GHG)emissions and optimise natural resource use where operationally
162、 possible.We are committed to applying the Best Available Technique(BAT)principle and operate our facilities with enhanced operational efficiency.17IPC Sustainability Report 2019GHG emissions&climate strategyWe understand that impacts related to greenhouse gas(GHG)emissions are increasing in importa
163、nce for our stakeholders and society as a whole,and that it is our responsibility to mitigate these effects.Our operations are subject to GHG emissions regulations,including carbon cap and pricing policies.These are in constant evolution as governments are refining their policies post the Paris Agre
164、ement on climate change.Having a climate strategy helps us mitigate climate-related risks to our business and informs our approach in a changing industry and society.IPC is committed to minimising emissions that pose potential climate risks while recognising the importance of economic viability of d
165、evelopment activities.Methane reductionIPC recognises its responsibility to continue to address emissions reductions in its operations,not only to meet regulatory requirements,but also to remain a credible operator.Under the Pan-Canadian Framework,as well as under Canadian provincial legislation,the
166、 government has set rigorous goals relating to emissions reductions and targets.In advance of the 2023 regulatory deadline,steps were taken at the Suffield asset to reduce emissions through retrofitting and upgrading older equipment.All pneumatics have been converted from high bleed to low bleed,or
167、to instrument air,with the effect of reducing methane venting.In addition,various pieces of equipment have been fitted with engine fuel management and vent gas capture technologies which work to reduce fuel usage and vented emissions of natural gas from engine driven gas compression facilities throu
168、gh engine fuel management and using ventilated natural gas as supplementary engine fuel.Emission reduction targetDuring 2019,more than 80%of our production came from our Canadian business.Our average emissions intensity of 39.86 kg CO2e/boe was more than one third below the Canadian average emission
169、s intensity of 59 kg CO2e/boe.As part of our commitment to continually improve our emissions performance our Board of Directors has approved our plan,commencing in 2020,to reduce our emissions intensity over the next five years to the global average of 20 kg CO2e/boe through a combination of identif
170、ying and implementing operational emissions reductions as well as investing in carbon offsetting projects.205939.920GlobalAverage 1CanadianIndustry Average 1IPCIPCpost footprintreduction1 Sources National Inventory Report Canada and International Association of Oil&Gas ProducersEmission Reduction Ta
171、rgetkg CO2e/boeDrillingBusinesstravel byairBusiness travel bycarElectricityOwn carsOwn oil/gasuseSCOPE 1Direct GHGemissionsSCOPE 2Energy indirect GHGemissionsSCOPE 3Other indirect GHGemissions696,699t CO2e138,404t CO2e33,171t CO2eGHG Emissionsby Scope18IPC Sustainability Report 2019GHG emission data
172、To implement a climate strategy that effectively evaluates costs,risks and opportunities,IPC must have a clear understanding of its carbon footprint.We have therefore developed a reporting approach that includes mandatory and voluntary reporting requirements to track our GHG emissions and measure pe
173、rformance on an annual basis.We maintain an emissions inventory and identify emission sources for each asset we operate.GHG emissions from our operations are classified as scope 1,scope 2 and scope 3.Scope 1 emissions are direct emissions from owned or controlled assets.Scope 2 emissions are indirec
174、t emissions from the generation of purchased electricity.Scope 3 includes emissions from sources owned or operated by a third party.The reporting boundaries applied reflect operational control,and we account for 100%of emissions from operated assets.GHG emissionsIn 2019,our emissions intensity was 0
175、.039 tonnes of CO2e per barrel produced.IPC began to measure its emissions using more advanced methodologies in 2019,in line with the GHG Protocol and including the implementation of industry recognised software.Our 2019 data for stationary fuel combustion at the Onion Lake Thermal asset has been ve
176、rified by a third-party engineering firm.Verified emissions account for nearly 50 percent of our total 2019 scope 1 emissions.Scope 1 emissions are primarily generated by the combustion of hydrocarbons in support of operations in northern Alberta,Canada.Scope 2 emissions originate 95%from purchased
177、electricity for the Suffield asset,and IPCs scope 3 emissions include business travel by air and land,crew transfer by air and sea as well as drilling operations.-30%-25%-25%ONION LAKESUFFIELDBERTAMEmissions to AirReductions by Assets19IPC Sustainability Report 2019Enhanced operational efficiencyIPC
178、s onshore and offshore facilities have been designed or adapted to enhance energy efficiency and reduce emissions to air.With current processes in place we save more than 20%of CO2 emissions compared to the base case,with Suffield achieving a 30%reduction and Onion Lake Thermal and Bertam each reali
179、sing a 25%reduction when compared to the base case.This results in a total annual saving of 150,000 t CO2e.These are achieved mainly through:Heat recovery using process heat to pre-heat feed water for boilers Gas recovery reducing flaring and fugitive emissions by reusing the waste gas as fuel gas O
180、perational efficiency reducing the need for fuel gas by aligning operational requirements and equipment capacityWe recognise that further reductions of this magnitude will be difficult to attain in the future,but we continue to assess new opportunities and technologies to reduce our operational emis
181、sions.We monitor R&D developments and emerging technologies in low carbon oil and gas extraction.Carbon credit generationIPC has been actively participating in carbon offset generation and the carbon markets.In 2018 and 2019,through the operation of engine fuel management and vent gas capture system
182、s as well as pneumatic device conversions in Canada,IPC has validated nearly 11,000 t CO2e of offsets and has generated another 13,000 t CO2e carbon credits.IPC expects to generate a further 30,000 t CO2e carbon credits in 2020,and will evaluate how to best apply these offsets as we continue to unde
183、rstand the carbon tax regime in Canada as well as opportunities to reduce our emissions.Operational emission reductionsOperational efficiencies:IPC has implemented several design features at its Onion Lake facility which result in operational efficiency.The installation of a single glycol heater for
184、 both Phase 1 and 2,rather than two glycol heaters,one in each phase,results in increased efficiency.The piping in the entire facility is insulated providing various benefits;namely,protecting people from piping heat in case of contact,retaining heat energy and reducing heating cost.IPC estimates th
185、at these measures save approximately 7,740 t CO2e per year.Capture and recovery:Vent gas capture systems installed at 14 facilities in IPCs Suffield operation prevent venting of methane,by capturing and reusing it as fuel gas.Similarly,vapour recovery units recover tank vapours and route these back
186、through the hydrocarbon recovery process.The estimated savings from these two initiatives have resulted in savings of approximately 15,000 t CO2e per year.Power:In addition to powering approximately 97%of drive heads using electricity instead of combustion of propane or gas,IPC has installed electri
187、cally driven pumps on various glycol pumps,preventing more than 10,000 t CO2e from being emitted.Instrument air and high bleed to low bleed pneumatics:Pneumatic devices are required for control and management of valves of critical site equipment and have the potential to emit methane when controlled
188、 with gas.They are the largest source of methane emissions in Alberta.In order to reduce or eliminate methane venting,the majority of IPC facilities in Suffield have low bleed or instrument air systems.The result is an approximate reduction of 25,000 t CO2e per year of emissions from its operations.
189、Flare reduction:In 2019,IPC installed three micro-turbines as part of the Vert-la-Gravelle(VGR)development in France.Associated gas is used as the energy source to fuel turbines generating electricity on site.The produced electricity supplies power to the VGR1 production centre which gathers the gas
190、 produced on the field.The use of micro-turbines at VGR contributes to a 30%reduction of flaring emissions.Electricity reduction:At the Villeperdue site in France IPC enhanced the efficiency on water injection pumps in 2019.These have been modified to reduce the need for electricity by approximately
191、 30%.Affordable and clean energy:Solar energy is an emissions-free sourceof electricity.The addition of the powerplant sustainably reduces the gap betweensupply and demand in Indias power grid.While focusing on reducing greenhouse gas emissions,the project also generates multiple co-benefits support
192、iveof the Sustainable Development Goals.Industry,innovation and infrastructure:This project supports the implementation ofsolar power and the installment of new powerlines in India.Sustainable cities and communities:By increasing Indias power supply with renewable sources,the project helps supportIn
193、dias development without increasing itsoutput of carbon emissions.Climate action:According to the IEA,11 of the worlds 20 mostpolluted cities are located in India.This is largelydue to the heavy reliance on coal.Supporting thedevelopment of renewable alternatives activelycontributes to cutting the c
194、ountrys emissions.Solar energy project contribution to the SDGsIPC Sustainability Report 201920Carbon offsettingVoluntary carbon offsetsIPC is committed to compensating for emissions that cannot be avoided or reduced.In the first half of 2020,we have invested in a carbon offset project and retired 5
195、0,000 t CO2e carbon credits.This accounts for 7%of IPCs 2019 scope 1 emissions.IPC has partnered with First Climate,one of the worlds leading providers of climate protection solutions,and currently engage in an offset project through which we contribute to the development of renewable energy.Support
196、ing solar energyThe carbon offsets we have acquired though First Climate originate from a solar energy project in northern India.The project consists of two solar parks with a total capacity of 100 MW.It delivers 166,440 MWh of renewable electricity to Indias national grid and meets the electricity
197、needs of over 200,000 people per year.This is particularly relevant in India where 75%of energy is fuelled by coal and where 25%of the population is still disconnected from the grid.The project is certified by Verra and received certification from the Verified Carbon Standard(VCS),a global standard
198、for the validation and verification of voluntary carbon emission reductions.Emissions reductions from VCS projects must be real,measurable,permanent,additional,unique,transparent,and third-party verified.The VCS certification gives assurance on the additionality of a project in terms of emission red
199、uctions and its contribution to sustainable development.The project contributes to the reduction of GHG emissions by replacing electricity from fossil-fuelled power plants.It has been demonstrated to be 100%additional on the basis of the“Approved consolidated Baseline and monitoring methodology ACM0
200、002“published by the Clean Development Mechanism under the Kyoto Protocol.Without the additional revenues generated by voluntary carbon offsetting,this project would not have been economically viable and therefore would not have been realised.This ensures that supporting the energy project generates
201、 real benefits and maximum impact.CO2CO2When CO2emissions cannotbe avoided.1This projectreduces CO2emissions thatotherwise wouldnot be avoided.3.an investment can bemade in a projectelsewhere.2.and issues carboncredits that can be retiredto demonstrate that carbon emissions have been offset.41234How
202、 Carbon Offsets Work21IPC Sustainability Report 2019Carbon pricingAs the carbon pricing regime continues to evolve in Canada both federally and provincially,particularly as benchmarks are being established,there remains potential for changes to the price of carbon in Canada where 80%of IPCs producti
203、on and 94%of GHG emissions originate from.We currently model and implement a carbon price into our operational expenditures using assumptions which we have developed internally in relation to scope 1 and 2 emissions and in line with regulatory programmes established in the provinces we operate in.Al
204、berta and Saskatchewan have implemented programmes which have received equivalency from the Canadian Federal Government in respect of carbon pricing.We participate in programmes administered by each of the Alberta and Saskatchewan governments,such as the output-based performance standard(OBPS),throu
205、gh which we are measured against a facility-specific benchmark.As a result of participation in the various carbon tax programmes,our facilities are required to meet performance standards that are expected to increase in stringency over time in accordance with established benchmarks.The regular carbo
206、n price for 2020 sits at CAD 30 per tonne CO2e in Alberta and Saskatchewan,based on equivalency agreements with the Federal government,and a carbon price of CAD 40 per tonne CO2e for 2021 and CAD 50 per tonne CO2e for 2022 is foreseen.IPC also evaluates future projects with consideration for carbon
207、pricing impacts and is working towards the development of a carbon based model which incorporates the benefits of reduced emissions as they relate to carbon pricing.National Wildlife AreaSuffield rightsSuffield CFBMain facilitiesSuffieldSASKATCHEWANALBERTA0Miles0KM1010Medicine HatSuffieldNatural Env
208、ironmentNatural environment in southern AlbertaIPCs assets in southern Alberta,Canada,are located exclusively within grasslands.It is characterised by level to undulating landforms covered predominantly with semi-arid grasses and occasional shrubs.Trees are generally restricted to river valleys.Desp
209、ite the aridity,the area hosts diversity of over 1,100 species,including plants,mammals,birds,reptiles,amphibians,and insects.It is common to see large mammals like pronghorn and elk as well as hear birds like meadowlarks and pipits.Five snake species,including the prairie rattlesnake,and a small va
210、riety of amphibians are known to occupy wetlands.Regularly cited species at risk are present on the lands where we operate in and include the ferruginous hawk,burrowing owl,ords kangaroo rat and spragues pipit.To protect these species,we abide by the Species at Risk Act and the Alberta Wildlife Act,
211、conduct regular environmental assessments and adapt our operational plans where they are present.Environmental assessments at CFB SuffieldEnvironmental assessments are conducted prior to submitting all new applications for activities which involve ground disturbance.The environmental assessments inc
212、lude field studies to determine the presence or absence of individual species,wetlands,topographical constraints,soil types,and historical or archaeological features.The results of the field studies are incorporated into the land acquisition process to ensure developments have minimal impact to the
213、land while still achieving resource development objectives.Due to the time between initial studies and project commencement,additional field studies are often completed prior to field mobilization to again confirm absence of sensitive features.Land&biodiversityThrough environmental impact studies,su
214、rveys and monitoring,we work to limit our impact on the surrounding biodiversity and plan for efficient land use.We risk assess,mitigate and remediate any adverse impacts.Our management approachWe are committed to the preservation of biological diversity,to safeguard ecosystems,species and genetic d
215、iversity.Through environmental baseline and impact studies we acquire information and understanding of the environments we operate in and how to best act to preserve the natural environment.Regular monitoring and sampling are used to assess any potential impact on biodiversity in the most sensitive
216、places in which we operate.We also support local biodiversity efforts,from planting trees to preserving coral reefs in areas where we operate.CFB Suffield land useOil and gas operations at the Canadian Forces Base(CFB)Suffield commenced in the mid-1970s under a series of agreements between the feder
217、al and provincial governments that enabled exploration and development on a military base.In addition to oil and gas activities,the lands at CFB Suffield are used for military training exercises,cattle grazing,and elk hunting.CFB Suffield has distinct areas used for research,oil facilities and a des
218、ignated wildlife protection area.Successful co-existence is founded on an approach of mutual understanding and cooperation between the various users of the lands.In order to recognise the varying uses,IPC accesses sensitive areas only during dry and frozen ground conditions,constructs infrastructure
219、 underground,and removes equipment from sites at different times of the year.In addition,IPC has strategically placed its facilities to be able to operate them year-round during the periods of military training and exercises.CFB Suffield National Wildlife AreaApproximately 2%of IPCs assets at CFB Su
220、ffield in southern Alberta are located within the CFB Suffield National Wildlife Area.While the National Wildlife Area does not have an international classification,it is considered nationally significant as it contains some of the largest tracts of native prairie grassland in Canada.As a result,it
221、contains species at risk endemic to the prairie environment.The combination of designation and protection under the Canada Wildlife Act,the listing of critical habitat for species at risk under the Species at Risk Act,and no public access as a result of being on lands under the administration of the
222、 National Defense Act arguably make the Suffield National Wildlife Area one the most protected areas in Canada.Interference between the natural environment and IPC activities is minimal as much of IPCs infrastructure is below ground with compressor stations and the oil battery appearing above ground
223、 in designated areas.22IPC Sustainability Report 2019Air monitoringGroundwater monitoringAbove ground pipelineSurface water monitoring Onion LakeSASKATCHEWANALBERTA0Miles0KM1010Onion LakeEnvironmental MonitoringEnvironmental monitoring at Onion LakeIPC and its predecessors have been monitoring ambie
224、nt air since 2014 through nine passive exposure stations.This helps to ensure there are no adverse effects from industry emissions.Sites are continually monitored and collect data to determine ongoing air quality which is shared with neighbouring communities.IPC has installed 76 shallow groundwater
225、monitoring wells to assess the quality of the shallow groundwater within our thermal facilities and well pads.Additionally,water samples are collected from seven surface sampling locations to detect any potential changes in surface water quality.Wetlands are continually monitored from 77 monitoring
226、stations to preserve the functional health of each wetland as they affect the abundance and distribution of aquatic and terrestrial species.Continued long term monitoring of wetlands provides important data in terms of proper wetland management,how specific wetlands are reacting to site specific con
227、ditions and influences,and for future planning purposes.IPCs wildlife monitoring programme is designed to monitor the wildlife populations which are listed under the Canada Species at Risk Act.In addition,the programme monitors the long-term cumulative effects of IPCs operations on the abundance and
228、 biodiversity of wildlife present in the region.Data is collected through annual visual and auditory surveys for breeding birds,water birds,common nighthawk and amphibians as well as winter track surveys for mammal species.Archaeological and cultural sites in southern AlbertaThere are archaeological
229、 and cultural sites located in IPCs southern Alberta assets.Albertas Historical Resource Act currently applies on both CFB Suffield and Alderson,creating the regulatory requirement of seeking clearance under that act.Significant historical sites on CFB Suffield are already permanently out of bounds(
230、i.e.Ellis Medicine Wheel),but tipi rings are regularly encountered on hill tops and other prominent landscape features.Lands with historical features like tipi rings are assigned a historic resource value and trigger the need for an archaeological assessment.IPC conducts archaeological assessments o
231、n lands with historic resource values to ensure archaeological or cultural features are preserved.Onion Lake natural environmentThe Onion Lake asset is situated within the mid-boreal ecoregion,which is characterised by continuous land cover of aspen and mixed-wood forests pitted with wetlands.The ar
232、ea has a rich and diverse wildlife population of which a number of species are considered as endangered species under the Canada Species at Risk Act,such as the tiger salamander,horned grebe,common nighthawk,and the barn swallow.The presence of provincially rare plant species,as well as bird and amp
233、hibian species at risk,are monitored through IPCs environmental programmes.At its Onion Lake assets,IPC works with the local community,the Onion Lake Cree Nation,to steward the land in a manner that respects the Nations traditional uses.As part of our commitment,IPC has developed environmental monit
234、oring programmes and has conducted traditional land use and cumulative effects studies to better understand the short and long-term effects of our operations on the environment.23IPC Sustainability Report 2019Land reclamation and asset retirement obligationsIPCs activities therefore include the fina
235、l steps of putting the lands back to equivalent land capability for the use of future generations.To accomplish this,IPC has a robust asset retirement obligation(ARO)strategy in which we plan the retirement of our assets in the near and long term,including the costs associated with abandonment and r
236、eclamation.IPC continues to invest in reducing its ARO through setting annual budgets and developing strategies that look to retiring sites that have the greatest environmental impact.Full details of IPCs ARO obligations for 2019 are disclosed in its audited consolidated financial statements for the
237、 year ended December 31,2019 and is available on SEDAR at .In addition,in 2019,IPC participated in Albertas Area Based Closure Programme,which required it to commit to spending 4%of its deemed liability on closure activities during the year.In Alberta,IPC contributes financially,on an annual basis,t
238、o the Orphan Well Association,which is tasked with cleaning up sites which have been left orphaned by defunct oil and gas companies.Preserving the surrounding environment in FranceIn France,we conducted environmental impact studies to determine whether IPCs activities at the Vert-la-Gravelle site wo
239、uld have a negative impact on the diverse bird population in the adjacent nationally protected area.Recommendations from the studies were implemented in the development of the Vert-la-Gravelle project to minimise the impact of IPCs activities on the surrounding fauna and flora.Coral reef preservatio
240、n in MalysiaIPC is partnering with the Institute of Oceanography&Environment of the University Malaysia Terengganu(UMT)on the project“Coral Reef Conservation&Restoration Towards Sustainable Ecosystem”.The project aims at assisting the scientific community in generating information for a better under
241、standing of coral reef and ways to conserve it,as well as preserving and restoring deteriorated coral reef areas involving local communities.In the course of this 3-year project UMT researchers recover live coral cover at the damaged reef and restore coral-related species assemblages,improve food we
242、bs and contribute to healthy reef ecosystem,including the recovery of coral reef species and associated marine benthic communities.As a result of this in situ work,a sustainable coral restoration model will be developed and put in application to empower local stakeholders to take part in reef manage
243、ment.IPC Sustainability Report 201924Tree planting in MalaysiaIn 2019,IPC participated in an environmental rehabilitation programme in Malaysia promoting environmental awareness among employees and their families.The IPC team planted 120 trees in the north Selangor peat swamp forest.Coral reefs and
244、climate changeCoral reefs harbour the highest biodiversity of any ecosystem globally and provide unique ecosystem services.Coral reefs assist in carbon and nitrogen fixing,protect coastlines from flooding and erosion,provide shelter for marine organisms which are the source of essential nutrients fo
245、r marine food chains essential to the fishing industry,and directly support over 500 million people worldwide.But coral reefs are among the most threatened ecosystems on earth,largely due to climate change.An increase of 1-2C in ocean temperatures sustained over several weeks can lead to coral bleac
246、hing,a stress response turning corals white.If corals are bleached for prolonged periods,they eventually die.Sustaining and restoring coral reefs is key to avoid their disappearance.25IPC Sustainability Report 201918 million m3 per dayNorth Saskatchewan Riverdaily flow2,500 m3 per day(0.0001%of the
247、total)Onion LakeCommunity use6,245 m3 per day(0.0004%of the total)Onion LakeThermal Project useOnion Lake ThermalWater Withdrawal 2019Compared to daily river flowWater and climate changeClimate change manifests itself primarily through changes in the water cycle with uneven consequences across the g
248、lobe,which range from droughts to floods and severe storms.The resulting impact can be felt in alterations to agricultural patterns and water availability.Water is a shared resource upon which people,cities,businesses and nature depend.Its availability is varied among geographic regions due to natur
249、al topographies and impacts of climate change.As a company,we identify risks related to water scarcity and quality and work to ensure water is sourced in a way that is socially equitable and environmentally sustainable.Water managementOur management approachWe are committed to responsible use of thi
250、s natural resource and to minimising any negative impact on water sources.Environmental stewardship of water resources includes protecting water bodies,such as oceans,lakes and rivers,as much as pursuing water efficiency in our operations.We take a location-specific approach,complying with or exceed
251、ing water and operating regulations in all of our countries of operations and engaging with key stakeholders.Water sourcing for the Onion Lake Thermal project The water required for steam injection at the Onion Lake asset is sourced from the North Saskatchewan River in Canada.IPCs use of the water i
252、s approximately 0.0004%of the total daily flow from the river and represents the entirety of IPCs water withdrawal in the area.Water is sourced and withdrawn in accordance with local regulations and after obtaining prior informed consent from the Onion Lake Cree Nation(OLCN).As part of IPCs ongoing
253、relationship with the OLCN,IPC recognises the importance of prioritising access to water for the OLCN,such that the OLCN will always have first rights to river water use and withdrawal.The exposure to water risks in this region is low,and the water withdrawal from North Saskatchewan River is minimal
254、 compared to its daily flow.Protection of water bodiesWe source and dispose of water in a manner that seeks to reduce our impact on water supply and the surrounding environment.We protect water bodies through water management and contingency planning,including water recycling and reinjection.None of
255、 our operations take place in areas that are considered water stressed under local regulation.However,we take seriously our responsibility to protect water bodies close to our operations.Water withdrawal,recycling and dischargesWe seek to reduce water extraction from natural water systems through op
256、erational efficiency,water re-use and water recycling.Reflecting the diversity of natural environments in which IPCs operations are located,our assets rely on different sources of water for operational and potable water needs,including desalinated seawater,surface water,municipal water and groundwat
257、er.IPC monitors its water withdrawals and discharges.Produced water is reinjected or disposed of in accordance with regulatory requirements and corporate standards.The installation of the ECO3 produced water recycle system at IPCs Onion Lake Thermal site in 2019 is the first implementation of the te
258、chnology in a steam assisted gravity drainage(SAGD)operation.The ECO3 facility separates water from emulsion and cleans it to be used as boiler feed water,thereby reducing the need for fresh water intake.IPCs innovative approach to water recycling in SAGD has been proven a technical success and will
259、 continue to be evaluated for economic implementation.26IPC Sustainability Report 2019REDUCEREUSERECYCLE3R PrinciplePlastic reduction on Bertam FPSOIn 2019,IPC launched a plastic bottle reduction campaign in its offshore operations in Malaysia.Bottled water has been replaced with water dispensers to
260、 reduce the amounts of single-use plastic items onboard,including items such as cups and drinking bottles.Recycling in MalaysiaTwo third of IPCs offshore waste is being recycled at the onshore scheduled waste treatment facility.Gloves,cotton rags,drums,activated carbon and wood are recycled into reu
261、sable drums,rags,and fuel pellets.Waste managementWe manage waste to minimise,segregate and dispose safely any waste generated in our operations.IPCs Environmental Policy incorporates the 3R principle,i.e.reduce,reuse and recycle to minimise the waste generated and for the continual improvement of w
262、aste management processes.Everywhere we operate,we have waste management plans in place,and handle and dispose of waste in accordance with local regulations.We aim at reducing waste production and minimising the potential for environmental or health and safety impacts.All waste is identified,charact
263、erised and tracked from generation to final disposal to ensure there is minimal risk related to our waste production and transportation.Drilling wasteWaste from drilling operations are singular to oil and gas operations and have been optimised with various technologies to reduce volumes and maximise
264、 the opportunity for reuse of drilling fluids.Drilling waste generally consists of rock,clay and other sediments with small amounts of entrained drilling fluids,and are termed cuttings.Drilling fluids are stripped from the cuttings as much as possible and reconditioned and re-used where practical.Sp
265、ent portions of drilling fluids,not suitable for reuse,are safely disposed to off-site treatment plants or by injection into specially classed disposal wells at approved facilities.10 tonnes/yearFPSO Bertam27IPC Sustainability Report 2019ShareholdersIndependentqualifiedreserves auditorInternal audit
266、External auditCEO and Executive CommitteeBoard of DirectorsCommitteesAuditNominatingand CorporateGovernanceCompensationReservesand HSEGovernance StructureIPC Sustainability Report 201928Strong governance starts at the top of our organisation.Our Code of Ethics and Business Conduct is the foundation
267、of our corporate values.We place responsibility on each and every employee to comply with and uphold these standards.At IPC,we are driven by values of fairness and transparency.We promote a culture of open and honest dialogue with our stakeholders.ETHICS&GOVERNANCEOur Code of Ethics and Business Con
268、duct commitments Act in a fair,honest and equitable way Observe local laws and regulations Respect local customs and traditions Observe applicable international laws and standards Accurately reflect all transactions in books and records Comply with the highest standard of integrity throughout the or
269、ganisation Be honest and forthcoming with the Companys internal and independent auditors Avoid actual or apparent conflict between a directors or an employees own personal interests and the interests of the Company Protect the assets of the Company and use them efficiently to advance the interests o
270、f IPCThe Board has also adopted a mandate which acknowledges its responsibility to supervise the management of the Company,and through the Executive Committee Charter has delegated the day-to-day management of the Company.The Boards fundamental objectives are to enhance and preserve long-term shareh
271、older value,to ensure IPC meets its obligations on an ongoing basis and to ensure that the Company operates in a reliable and safe manner.Board composition and independenceIn 2020,the Board is composed of seven members,six of whom are independent,non-executive directors.Ashley Heppenstall,Don Charte
272、r,Chris Bruijnzeels,Torstein Sanness,Daniela Dimitrov and Harry Lundin are independent for the purposes of the Canadian regulation NI 58-101(a director is independent if he or she has no direct or indirect material relationship with the Company).There is an independent Chair of the Board and the rol
273、e of the Chair and CEO is separated.The Board carries out its responsibilities directly and through its four standing committees:Nominating and Corporate Governance Committee Audit Committee Compensation Committee Reserves and Health,Safety&Environment(HSE)CommitteeCorporate governanceThe Board of D
274、irectors sets the tone and standards for IPC.The Boards fundamental objectives are to enhance and preserve long-term shareholder value,to ensure IPC meets its obligations on an ongoing basis and to ensure that IPC operates in a reliable and safe manner.IPC adheres to principles of corporate governan
275、ce found in both internal and external rules.Through our corporate policies we ensure that all employees understand our values and commitments and that ethical business practices are applied throughout the Company.Sustainability PolicyIn 2019,IPC adopted a Sustainability Policy articulating the appr
276、oach around three components:people,environment and ethics.IPC recognises that people are key to the Companys success and confirms the commitment to ensure health,safety and well-being at work.In respect of the environment,IPC seeks to conserve ecosystems and living organisms and aims to avoid,minim
277、ise,restore or offset potential impacts resulting from our operations.We are also driven by values of fairness and transparency and adopt high standards of professional integrity and ethics.The Board has also adopted and implemented policies to address and ensure appropriate governance in respect of
278、 the 10 principles of the UN Global Compact.IPCs Human Rights Policy affirms IPCs commitment to respect internationally recognised human rights and not to infringe on individuals human rights,nor be complicit or contribute directly or indirectly to human rights abuses.IPCs Anti-Corruption Policy pro
279、hibits all forms of corruption,including direct,indirect,active and passive forms,in all of the Companys activities.IPCs Anti-Fraud Policy has the objective of preventing fraud and enhancing the Companys governance and internal control standards for its business activities.Our Anti-Money Laundering
280、Policy states IPCs commitment to the highest standards of integrity and compliance in striving to prevent money laundering or potential unintended financing of criminal activities.Board of DirectorsThe Board of Directors is primarily responsible for the oversight of management,as well as IPCs strate
281、gy and business affairs.The Board ensures that appropriate governance mechanisms are in place to monitor the Companys activities,and that relevant information and reporting are provided,including progress and continuous improvement efforts with respect to its operational,financial and ESG performanc
282、e.The Board is committed to sound corporate governance practices which are both in the interest of its shareholders and contribute to effective and efficient decision making.The Canadian National Policy 58 201 Corporate Governance Guidelines(“NP 58-201”)establishes corporate governance guidelines wh
283、ich apply to all public companies.The Company has reviewed its own corporate governance practices in light of these guidelines to ensure compliance.The Board has adopted a Code of Ethics and Business Conduct for the Companys directors,officers and employees that sets out the Boards expectations for
284、the conduct of such persons in their dealings on behalf of the Company.29IPC Sustainability Report 2019Executive remunerationThe Compensation Committee receives information and makes recommendations to the Board and,if applicable,shareholders,on matters relating to the principles of compensation,as
285、well as all remuneration and other terms of employment of executive officers.Individual compensation of the Board of Directors and IPCs five highest paid executive officers is communicated via the annual Information Circular.Sustainability performance is reflected in IPCs executive officers compensa
286、tion.Performance in the core areas of safety and environment is linked to incentive compensation for all executives.The 2019 goals for corporate and operational performance for management were:production(15%),proved plus probable reserves replacement(15%),net asset value accretion(15%),ESG performan
287、ce(10%),financial performance based on capital and operating expenditures and cash flow generation(20%)and operational and corporate strategic targets(25%).Starting 2020,the ESG performance target includes the carbon intensity reduction as per IPCs climate strategy.30IPC Sustainability Report 2019Ri
288、sk managementOne of the key roles of the Board and the Executive Committee is to provide risk oversight,including sustainability related risks,and ensure adequate controls and mitigations are put in place.IPC has a systematic approach to identify,analyse,evaluate and manage business risks.Our risk m
289、anagement process is based on the COSO ERM framework that considers a broad spectrum of stakeholders and risk exposures,both internal and external.We conduct risk assessments to assess operational,health and safety,environmental,financial and reputational risks and opportunities,among others,at both
290、 a country and corporate level.Our risk review process is conducted twice per year with country and corporate level risk reviews.Risk exposures are captured in risk registers,and ranked based on the anticipated impact severity and likelihood of an event occurring in consideration of potential human,
291、environmental,social licence to operate and financial consequences.Serious risks are those that are assessed as having the potential to result in a major impact on the Company and its stakeholders.We track the effectiveness of controls and the implementation of related risk mitigation strategies.Ide
292、ntified key risks are monitored and reported on a bi-annual basis to the Executive Committee and inform the internal audit plan.Risks associated with climate change are part of the risk review process and are ranked for each country of operation.We assess implications and identify mitigating measure
293、s that are required to limit or reduce risk and potential liabilities to an acceptable and manageable level.WhistleblowingIPC is committed to conduct operations in an honest,transparent and ethical manner and encourages employees,former employees and contractors of the Company or any of its affiliat
294、es who have serious concerns about any aspect of the business to raise them and to disclose any information which relates to improper,unethical or illegal conduct in the workplace,including questionable accounting or auditing procedures.Whistleblowers are protected from reprisals and victimization f
295、or raising concerns in good faith.In 2019,we have revised our Whistleblowing Procedure and introduced an independent third-party service for the reporting and investigation of concerns regarding improper,unethical or unlawful conduct in the workplace.Individuals governed by the Whistleblowing Policy
296、 are entitled to report any such improper conduct on a confidential and,if preferred,anonymous basis,including by submitting a report to the independent third-party service provider,via online platform,telephone,email or mail.The Whistleblowing Policy and Procedure are available on our website.Reven
297、ue transparency We believe revenue transparency in the natural resource sector advances good governance by providing citizens with information to hold their government representatives accountable,ensuring revenues from the natural resource extraction support economic growth and enhance social develo
298、pment.IPC complies with applicable tax laws wherever we operate and we are transparent about our tax payments to governments.Payments to governments in countries where we operate are disclosed in the Extractive Sector Transparency Measures Act(ESTMA)report available on our website.Canada is a suppor
299、ting country to the Extractive Industries Transparency Initiative(EITI),which has confirmed that ESTMA provides an equivalent level of reporting to the EITI Standard.In our ESTMA report we publicly report on payments totaling CAD 100,000 or more which are made to all governments both in Canada and a
300、broad related to the commercial development of oil and gas.Types of payments reported include taxes,royalties,fees,production entitlements,bonuses,dividends,and infrastructure improvement payments.Anti-corruptionIPC is committed to maintain the highest business standards at all times.We have policie
301、s on anti-corruption,anti-fraud,anti-money laundering and anti-competition in place to ensure ethical business practices throughout the Company.IPC prohibits all forms of corruption,bribery,money laundering and other illegal behaviour,and we encourage anyone working for us to report suspected wrongd
302、oing.We conduct internal audits of all our subsidiaries and have robust financial controls and processes in place for monitoring and oversight with respect to the financial aspects of operations.There were no known incidents of corruption in 2019.31IPC Sustainability Report 2019Grievance mechanismIP
303、C provides various channels through which affected stakeholders can communicate their grievance.Any grievance against the Company is taken very seriously and due process is followed to ensure adequate mitigation is implemented and any potential harm addressed.The most appropriate grievance mechanism
304、 is selected for each stakeholder group and location.In Canada,landowners adjacent to the Suffield and Alderson block are provided with direct points of contact within the Company with whom they can raise concerns.For indigenous communities in the areas of our operations the communitys consultation
305、office brings forward any questions or concerns by the community members.Further grievance and dispute settlement mechanisms are determined in the agreements we have entered into with First Nations communities.To date there have been no grievances brought against the Company.Human rightsProtecting p
306、eople is one of the three key areas around which IPCs sustainability approach is articulated.Safeguarding the health,safety and security of our employees,contractors and the public is our priority.Respecting human rights also means offering fair and equitable employment terms and respecting indigeno
307、us rights.Respect for human rights is a fundamental commitment,consistent with IPCs Code of Ethics and Business Conduct,Human Rights Policy and UN Global Compact commitment.We recognise the principles of the Universal Declaration of Human Rights,International Covenant on Civil and Political Rights,I
308、nternational Covenant on Economic,Social and Cultural Rights,UN Declaration on the Rights of Indigenous Peoples and International Labour Organizations(ILO)Conventions.IPC understands the responsibility of businesses to protect human rights in respect of the UN Global Compact,OECD Guidelines for Mult
309、inational Enterprises and UN Guiding Principles on Business and Human Rights.We have policies in place to support these principles throughout our operations,including the creation of an equal-opportunity workplace,free of discrimination and harassment,and maintaining constructive engagement and rela
310、tionships with local communities.No human rights-related grievances were filed against the Company in 2019.There were no recorded incidents of discrimination at our operations during the reporting period.IPC Sustainability Report 20193233IPC Sustainability Report 2019PEOPLE 12019Health and safety 2F
311、atalitiesEmployees0Contractors0Total0Lost time incidentsEmployees0Contractors4Total4Restricted work incidentsEmployees0Contractors1Total1Medical treatment incidentsEmployees0Contractors2Total2Lost time incident rate 31.8Total recordable incident rate 43.1Exposure hoursEmployees(hours)523,617Contract
312、ors(hours)1,692,813Total(hours)2,216,430Near misses with high potential 52EmploymentEmployees 6Canada156Malaysia62France47Switzerland20Total285Contractors244Employee turnover(%)710.4New hire rate(%)731.7Gender diversity 8Number of men203Number of women82Women in workforce(%)829Women in senior manage
313、ment(%)17Women in the Board of Directors(%)14Employees by age groups(%)50 years25Board of Directors by age groups(%)50 years86ENVIRONMENT 92019Unplanned releases to sea or landOil spills 10Number1Volume from spills(m3)30Produced water spills 11Number1Volume from spills(m3)350Chemical spills 12Number
314、0Volume from spills(m3)0WaterWater withdrawalSurface waterFresh surface water(m3)2,313,541Saline surface water(m3)868,902Ground waterFresh ground water(m3)95,176Saline ground water(m3)413,203Total water withdrawal(m3)3,690,822Withdrawal from areas with high water stress(m3)130Water recyclingVolume(m
315、3)57,628Produced waterVolume(m3)26,010,608Disposal of produced waterProduced water reinjected into the reservoir(m3)22,162,998Produced water injected into disposal wells(m3)3,157,547Produced water discharged to sea(m3)14690,063Produced water discharged to surface water(m3)0WasteDrilling wasteDrill c
316、uttings(t)3,610 Oil-based drilling fluid(t)3,328 Water-based drilling fluid(t)15,761 Other wastes generated during drilling(t)1,155 Hazardous waste generated(t)3,596 Hazardous waste recovered or recycled(t)317 Non-hazardous waste generated(t)20,247 Non-hazardous waste recycled(t)340 GHG emissionsEmi
317、ssion intensity(kg CO2e/boe)1539.86Scope 1 GHG emissions(t CO2e)16696,699Scope 2 GHG emissions(t CO2e)17138,404 Scope 3 GHG emissionsBusiness travel by air(t CO2e)18410Offshore travel and logistics(t CO2e)5,332Sales trucking(t CO2e)2,077Drilling activities(t CO2e)25,35234IPC Sustainability Report 20
318、19Sustainability dataENVIRONMENT(continued)2019EnergyEnergy consumption(KWh)19220,221,327Energy intensity(MWh/bbl)0.012Carbon offsetVoluntary carbon offsets purchased(t CO2e)1850,000Carbon credits earned(t CO2e)21 24,000 BiodiversityIUCN Red List species with habitats in operating areas 22Critically
319、 Endangered0Endangered1Vulnerable5Near Threatened3National conservation list species with habitats in operating areas 22 23Endangered9Threatened18ETHICS&GOVERNANCE 242019Human RightsIncidents of discriminationNumber of incidents0Incidents of indigenous rights infringementNumber of incidents0Anti-cor
320、ruptionConfirmed incidents of corruptionNumber of incidents0WhistleblowingCritical concernsNumber of incidents0ComplianceDisputes associated with operations0Significant fines 25Number0Value(USD)0Environmental fines 25Number0Value(USD)0Non-monetary sanctionsNumber0Environmental non-monetary sanctions
321、Number01The People data boundary includes Canada,France,Malaysia and Switzerland.2HSE data is based on assets where IPC has operational control,excluding Aquitaine Basin asset where IPC has no operational control.3Lost time incident rate is a rate calculation based on the 2019 total hours worked(emp
322、loyee+contractor).It indicates the number of lost time injuries and fatalities per 1,000,000 hours worked.4Total recordable incident rate is a rate calculation based on the 2019 total hours worked(employee+contractor).It indicates the number of recordable injuries(medical treatment incidents+restric
323、ted work incidents+lost time injuries+fatalities)per 1,000,000 hours worked.First aid injuries are not included.5Near miss with high potential incidents are incidents or near miss events which in combination of potential consequences(people,environment,asset)and likelihood are assessed to be in the
324、red area of the risk matrix.6We account for permanent and fixed term employees by end of year.7Employee turnover and new hire rate reflect organisational changes resulting from amalgamation of IPC Alberta Ltd.and BlackPearl Resources Inc.8Gender diversity figures include employees only.9The Environm
325、ent data boundary includes Canada,France and Malaysia.Data is represented as 100%ownership interest regardless of actual share owned by IPC with acquisitions and divestitures reflected using the effective date of the transaction.10Significant oil spills greater than 100 barrels or 15.89 m3.11Produce
326、d water spills greater than 100 barrels or 15.89 m3.12Chemical spills greater than 100 barrels or 15.89 m3.13Based on the 2019 national water stress rankings,World Resource Institute.14Discharged produced water with a ppm content of 23 ppm,below the 40 ppm regulatory limit.15Emission intensity inclu
327、des scope 1 CO2e emissions.16Scope 1 is accounted for on an operated basis accounts for all direct emissions to air from operated assets.17Scope 2 is accounted for on an operated basis accounts for indirect emissions from electricity consumption.18Business travel emissions include Switzerland.19Ener
328、gy consumption includes electricity only.20Voluntary carbon offsetting was initiated in 2020.21Carbon credits were validated in 2019 covering the years 2018-2019.22IUCN and national conservation list species reported for Canadian assets.23National conservation list species are based on Canadian nati
329、onal list-ings,including COSEWIC and SARA.24The Ethics&Governance data boundary includes Canada,France,Malaysia and Switzerland.25We apply a reporting threshold of USD 50,000 reflecting the size of our company and qualification of significant monetary sanction.26The report on payments to governments
330、(ESTMA)with details of payments is available on www.international-Note:IPC will report sutainability data on an annual basis with 2019 as baseline year for 2020 reporting.Payments to governments(TUSD)26TaxesRoyaltiesFeesProductionEntitlementsBonusesCanada6,26023,8407,890280France11,150Malaysia660220
331、21,62035IPC Sustainability Report 2019StandardDisclosureDescriptionReferenceIPIECAUN SDGUN Global CompactGRI 102:GENERAL DISCLOSURES(2016)1.Organisational profile102-1Name of the organisationSR front cover102-2Activities,brands,products,and servicesSR 2-3102-3Location of headquartersAIF 9/SR back co
332、ver102-4Location of operationsSR 2-3102-5Ownership and legal formAIF 9102-6Markets servedSR 4/AIF 14-23102-7Scale of the organisationSR 2-3,14,34/AIF 24,49,56,60102-8Information on employees and other workersSR 14,348.2,8.5,10.3102-9Supply chainSR 4102-10Significant changes to the organisation and i
333、ts supply chainAIF 10-12,24102-11Precautionary Principle or approachSR 16,22102-12External initiativesSR 5-7,29,32,36-37102-13Membership of associationsSR 11,312.Strategy102-14Statement from senior decision-makerSR 1102-15Key impacts,risks and opportunitiesSR 6-7,31/AIF 37-433.Ethics and integrity102-16Values,principles,standards,and norms of behaviourSR 14,28-29/Code of Ethics and Business Conduc
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