Assessment of Indigenous Perspectives embodied in Sustainability Reporting and ESG Disclosure Practices of Canadian Exploration and Production Companies
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2022-08
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Abstract
Environmental, social and governance (ESG) reporting plays an increasingly important role in Canadian business. Indigenous rights are emerging as key disclosure criterion for ESG reporting in Canada s energy sector. A matrix of potential ESG performance metrics was developed of known concepts and key words associated with Indigenous Peoples' rights and ways of knowing. The matrix was applied to qualitative assessments of 47 sustainability reports published between 2010 and 2020 by the largest publicly traded Canadian oil and gas companies. Indigenous engagement as a financially material ESG factor evolved over time with emphasis on relationship building, consultation, capacity building, indigenous procurement initiatives and partnerships. The 2020 sustainability reports had dedicated sections for indigenous engagement and community investment. Absence of actionable, measureable steps to achieve indigenous engagement targets reflects that sustainability reports are used to highlight corporate achievements rather than report on corporations' sustainability management and ESG performance shortcomings.
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Markvoort, K. (2022). Assessment of Indigenous Perspectives embodied in Sustainability Reporting and ESG Disclosure Practices of Canadian Exploration and Production Companies (Unpublished master's project). University of Calgary, Calgary, AB.