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Sustainability

At Bonterra, we place high importance on doing what is right for our stakeholders, the environment and long-term value creation for shareholders.

We strive to understand the various impacts our business has on the environment around us, and we are constantly seeking to minimize our footprint while expanding and enhancing production and reserves. Bonterra’s license to operate ultimately depends on advancing both a commitment to strong environmental, social and governance (ESG) mandates and our ability to achieve competitive operational and financial results that can drive long-term profitability.

Being a Canadian oil and gas operator, we are subject to some of the world’s most stringent environmental regulation and legislation for resource development. Canada is globally recognized for our environmental leadership and an impeccable human rights record.

Further, Bonterra’s Board of Directors and leadership team stand behind the prioritization of integrity and responsibility across all aspects of our business, underscored by the following commitments.

  • Employ minimal disturbance techniques to reduce the overall impact to the environment
  • Ensure all employees, contractors, and representatives are provided with applicable health, safety, security and environmental and regulatory training
  • Secure a safe work environment with robust policies, procedures, and equipment
  • Provide timely and effective response to any incidents that may occur
  • Implement and follow vigorous asset integrity programs
  • Consult internal and external stakeholders that are impacted by our operations, and remain committed to working with involved parties to resolve any concerns

2022 Sustainability Report

Bonterra is committed to responsible operations and we strive to consistently improve on our environmental, social and governance record, year over year.

2022 ESG Report
Previous ESG Reports: 2021 ESG Report

As a responsible Canadian upstream oil and gas operator, Bonterra recognizes the importance of balancing economic growth with environmental stewardship and social responsibility.

We are committed to meeting or exceeding all applicable environmental regulations and standards, which are among the most rigorous of anywhere in the world. To that end, we have taken a comprehensive approach to ESG principles, including implementing best practices to minimize our impact on the environment, such as:

  • Efforts to Minimize Greenhouse Gas (GHG) Emissions
  • Land Impact and Footprint Minimization
  • Liability Management + Abandonment & Reclamation Obligations
  • Asset & Operational Integrity
  • Water Management

Bonterra believes in collaboration as a way to enhance the health and well-being of our communities, focusing on addressing actual and potential impacts. Further, we strive to develop initiatives that can drive lasting positive social and economic benefits.

As part of this, we seek to sustain and elevate Bonterra’s working relationships with all stakeholders, including the integral role our employees play in our success.

Our priorities include:

Health & Safety

Bonterra is committed to the protection of life and property and we have implemented extensive policies, proactive procedures and an Emergency Response Plan (“ERP”) designed to protect our people and local communities, along with the environment.

Employee Engagement

The people at Bonterra represent our most important asset. Our team includes qualified and highly technical professionals who not only comply with the Company’s internal code of conduct and policies, but are also held to a high standard of ethics and self-regulation due to membership with organizations such as the Association of Professional Engineers and Geoscientists of Alberta (APEGA). As such, we strive to create an empowered culture where our people can thrive as individuals, and collectively contribute to the long-term success of our business.

Economic Impacts, Community Contributions & Indigenous Engagement

Bonterra believes that we represent the community, and the community represents us. As such, we aim to provide meaningful economic contributions by hiring local community members or third-party contractors for employment, relying on local businesses for services with the ultimate goal of uplifting local economies. In addition, we make meaningful indirect financial contributions through the payment of taxes and royalties which help to develop the broader community.

Bonterra has a long track record of demonstrating our commitment to ethical and transparent governance, ensuring that all stakeholders’ interests are taken into consideration and that our actions align with stakeholders’ expectations for ESG.

By engaging in responsible business practices and contributing to the well-being of communities, we creates positive impacts on society and the environment, which serves to enhance our reputation and helps instil trust to attract new shareholders. We believe that a commitment to corporate responsibility and governance is a key component of Bonterra’s long-term success and that this approach helps to mitigate risk and liability and contribute to a more sustainable future for all.

Finally, our Board has remained focused on human capital planning and leadership development internally as we believe these are essential components that can ultimately support our long-term sustainability.

Code of Business Conduct and Ethics

Articles of Incorporation

Company By-Laws

Majority Voting Policy

Mandate of Board of Directors

Audit Committee Charter

Diversity Policy

Whistleblower Policy

ESTMA

Dedicated to transparent and responsible reporting

Find out more about ESTMA and view Bonterra's committment to responsible reporting. Learn More
2022 ESTMA Report