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Cenovus Energy

Cenovus Energy Inc. is a publicly listed company headquartered in Canada. In 2021 its revenue was USD 36.97 billion. Cenovus is an integrated oil and gas company with a focus on oil sands. The company has operations in Canada, the United States, China and Indonesia.
Ranking position
#34 /99
Total score
18.2 /100

10.3 /60
Core social indicators
6.0 /20
Just transition
1.9 /20

ACT score components

Performance score
2.2 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-99)


#1 12.9 /100 #31

Material investment

#1 5.8 /100 #52

Intangible investment

#1 0.0 /100 #11

Sold products

#1 8.9 /100 #13


#1 42.3 /100 #42

Supplier engagement

#1 3.8 /100 #42

Client engagement

#1 0.0 /100 #45

Policy engagement

#1 12.0 /100 #64

Business model

#1 9.4 /100 #48
Indicates the score for the top performing company.

Act Assessment

Leading Practices

No leading practices were identified for this company.

Risks and Opportunities


Cenovus Energy Inc. receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company has set targets for its scope 1 and 2 emissions including a 35% reduction by 2035 compared to 2019, however, the ambition of this target is not aligned with the company’s 1.5°C pathway. The company has not set any targets for its scope 3 emissions which account for the majority of its emissions. The company does not have a transition plan and does not provide a vision of how it will be profitable in a low-carbon economy.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core Social Assessment

See results for

  1. 2021

More about the company

Calgary, Canada
Publicly listed
USD 37 billion

This company is part of the SDG2000, the 2,000 most influential companies

See company profile SDG2000