Measuring Our Results
Targets and Metrics: The link between ESG factors and executive pay
Each year, we set corporate objectives that are aligned with our strategic plan. These objectives fall under our four measures of success: outstanding financial performance, safe, healthy and rewarding workplace, clean environment and supportive communities. Performance against specific targets under these objectives forms the foundation for a portion of annual employee and executive compensation. See our most recent management proxy circular for more information on how executive compensation is determined.
While we saw a significant improvement in our financial performance (earnings and cash flow) as our tier-one production increases and our average realized price reflects the improving market, our results still do not reflect our expected long-term run rate performance. As our long-term contract portfolio continues to grow and our tier-one production continues to ramp up, we believe that the strategic actions we have taken have helped to pave the way to stronger financial performance over time. Additionally, we will not compromise our commitment to safety, people and our environment.
Outstanding financial performance
2023 Objectives | |
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Earnings measures | Results |
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Cash flow measures | |
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Safe, healthy and rewarding workplace
2023 Objectives | |
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Workplace safety measure | Results |
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Clean environment
2023 Objectives | |
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Environmental performance measure | Results |
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Supportive communities
2023 Objectives | |
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Stakeholder support measure | Results |
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2024 Objectives
Outstanding financial performance
- Achieve targeted financial measures focused on controlling costs and generating cash.
Safe, healthy and rewarding workplace
- Improve workplace safety performance at all sites.
Clean environment
- Improve environmental performance at all sites and continue to execute on our Low Carbon Transition Plan.
Supportive communities
- Build and sustain strong stakeholder support for our activities.
Caution about Forward-Looking Information
Please click here for additional information about the assumptions applied in making the forward-looking statements on this page and the factors that could cause results to differ materially.