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Suncor Energy 

Suncor Energy Inc. is a publicly listed integrated oil and gas company headquartered in Canada. In 2020, it had USD 24.66 billion in revenue and a reported 12,591 employees*. Suncor is one of world’s largest producers of oil sands. It has recently made a commitment to achieve net-zero scope 1 and 2 emissions by 2050, but its emissions reduction trend does not yet support this ambition.

Ranking position
#36/100
Total score
8.1/100
Performance score
3.4/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

18.1 /100 #19

Material Investment

3.4 /100 #60

Intangible Investment

16.2 /100 #9

Sold products

6.2 /100 #25

Management

53.8 /100 #16

Supplier Engagement

36.3 /100 #11

Client Engagement

13.8 /100 #23

Policy Engagement

30.0 /100 #27

Business Model

15.0 /100 #15

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Suncor receives a trend score of -. If the company were reassessed in the near future, its score would like decrease. Even if the company meets its target for a 30% reduction in its scope 1 and 2 emissions intensity by 2030, it is projected to fall short of what is required by its 1.5°C pathway. Further, its ambition to become reach net-zero emissions by 2050 does not include scope 3 emissions. Its plans to develop renewables and biofuel production will improve its alignment with its 1.5°C pathway, but they will need to be rapidly scaled up to replace fossil fuel production and achieve a low-carbon transition.

Progress towards the Paris Agreement

More about the company

Headquarters
Calgary, Canada
Group revenue
USD 24.66 billion
Ownership structure
Publicly listed
Number of employees
12,591
Scope of activity
Fully integrated
Website
https://www.suncor.com/en-ca