Progress against ESG goals and commitments continue
CALGARY,
AB, May 18, 2023 /PRNewswire/ - Enbridge
Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today
published its 22nd annual Sustainability Report
(Report), providing stakeholders with details of progress made in
environmental, social, and governance (ESG) performance.
"In 2020, we set ambitious goals across all aspects of E, S and
G with clear pathways to achieving them," said Pete Sheffield, Enbridge Vice President and
Chief Sustainability Officer. "This year's Report highlights
progress against these goals, aligned with a sustainable growth
strategy and our mission to be the first-choice provider of energy
for our stakeholders."
The 2022 Report includes:
- a detailed overview of sources of methane emissions from
Enbridge operations along with Company, industry and policy actions
to better monitor and mitigate emissions;
- progress on the Company's Indigenous Reconciliation Action
Plan, released last September;
- engagement with key suppliers regarding their emission profiles
as well as sector-leading Scope 3 emissions disclosures;
- additional trade association policy reviews and lobbying
disclosures, including specific climate-related lobbying report;
and
- an updated analysis, aligned with Task Force on Climate-Related
Financial Disclosures, of Enbridge's businesses under different
climate-related scenarios.
Enbridge is taking a practical approach to energy transitions in
North America and around the world
by providing the energy needed today, while simultaneously
advancing solutions for a cleaner energy future.
"World events in 2022 were a powerful reminder that energy
reliability, affordability and access remain critical
considerations alongside climate," said Sheffield. "At Enbridge,
we're focused on addressing all of these societal needs, and to
fostering engagement, inclusion and awareness across communities
and throughout the Company. This year's Report conveys our deep
commitment to this mission."
The 2022 Report is online and interactive and for the second
consecutive year includes a user-friendly ESG dashboard.
Please click here to see the full Report.
Enbridge Forward-Looking Information
Forward-looking information, or forward-looking statements,
have been included in this news release to provide information
about Enbridge Inc. ("Enbridge" or the "Company") and its
subsidiaries and affiliates, including management's assessment of
Enbridge and its subsidiaries' future plans and operations. This
information may not be appropriate for other purposes.
Forward-looking statements are typically identified by words such
as ''anticipate", "believe", "estimate", "expect", "forecast",
"intend", "likely", "plan", "project", "target" and similar words
suggesting future outcomes or statements regarding an outlook.
Forward-looking information or statements in this news release
include statements with respect to our corporate vision and
strategy; energy transition and lower-carbon energy, including our
approach thereto; our environmental, social and governance (ESG)
goals, practices and performance and targets, our plans to achieve
our ESG goals and targets and to monitor and report our progress
thereon; expected resiliency of our assets and growth opportunities
under climate change scenarios; our commitments under the Company's
Indigenous Reconciliation Action Plan; our planned monitoring and
mitigation of methane emissions; and our work with
third-parties regarding Scope 3
emissions.
Although Enbridge believes these forward-looking statements
are reasonable based on the information available on the date such
statements are made and processes used to prepare the information,
such statements are not guarantees of future performance and
readers are cautioned against placing undue reliance on
forward-looking statements. By their nature, these statements
involve a variety of assumptions, known and unknown risks and
uncertainties and other factors, which may cause actual results,
levels of activity and achievements to differ materially from those
expressed or implied by such statements. Material assumptions
include assumptions about the following: energy transition,
including the drivers and pace thereof; global economic growth and
trade; the expected supply of, demand for, and prices of crude oil,
natural gas, natural gas liquids (NGL), liquefied natural gas (LNG)
and renewable energy; anticipated utilization of assets; exchange
rates; inflation; interest rates; the COVID-19 pandemic and the
duration and impact thereof; operational reliability; maintenance
of support and regulatory approvals for our projects; anticipated
in-service dates; weather; governmental legislation; litigation;
our credit ratings; capital project funding; hedging program;
financial strength and flexibility; debt and equity market
conditions; and general economic and competitive conditions.
Assumptions regarding the expected supply of and demand for crude
oil, natural gas, NGL and renewable energy, and the prices of these
commodities, are material to and underlie all forward-looking
statements, as they may impact current and future levels of demand
for our services. Similarly, exchange rates, inflation and interest
rates impact the economies and business environments in which we
operate and may impact levels of demand for our services and cost
of inputs, and are therefore inherent in all forward-looking
statements.
Enbridge's forward-looking statements are subject to risks
and uncertainties, including, but not limited to those risks and
uncertainties discussed in this news release and in the Company's
other filings with Canadian and United
States securities regulators. The impact of any one
assumption, risk, uncertainty or factor on a particular
forward-looking statement is not determinable with certainty as
these are interdependent and Enbridge's future course of action
depends on management's assessment of all information available at
the relevant time. Except to the extent required by applicable law,
Enbridge assumes no obligation to publicly update or revise any
forward-looking statements made in this news release or otherwise,
whether as a result of new information, future events or otherwise.
All forward-looking statements, whether written or oral,
attributable to Enbridge or persons acting on our behalf, are
expressly qualified in their entirety by these cautionary
statements.
About Enbridge
At Enbridge, we safely connect millions of people to the
energy they rely on every day, fueling quality of life through our
North American natural gas, oil or renewable power networks and our
growing European offshore wind portfolio. We're investing in modern
energy delivery infrastructure to sustain access to secure,
affordable energy and building on two decades of experience in
renewable energy to advance new technologies including wind and
solar power, hydrogen, renewable natural gas and carbon capture and
storage. We're committed to reducing the carbon footprint of the
energy we deliver, and to achieving net zero greenhouse gas
emissions by 2050. Headquartered in Calgary, Alberta, Enbridge's common shares
trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn
more, visit us at enbridge.com
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Toll Free: (888) 992-0997
Email: media@enbridge.com
Investment Community
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com
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SOURCE Enbridge Inc.