“Our policy on respecting human rights is incorporated in our Code of Conduct and is guided by the United Nations Guiding Principles on Business and Human Rights, the International Bill of Human Rights, the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work and the Sustainable Development Goals (SDGs), namely SDG 3 (Good Health and Wellbeing), SDG 4 (Quality Education) and SDG 8 (Decent work and economic growth).”273 Suncor Energy Inc. Statements on Climate Change “Climate change is one of the most pressing challenges of our times and demands shared solutions. Suncor believes we have an important role to play in a lower carbon world”274 “We continue to pursue an ambitious goal of reducing the greenhouse gas (GHG) emissions intensity of our oil and petroleum production by 30% by 2030. Technology and innovation are pointing to a realistic path for reaching that goal and a low carbon future, which we believe will also move us towards ultimately bending the curve on our absolute GHG emissions.”275 “Public support for climate change action has grown in recent years. Governments in Canada and around the world have responded to these shifting societal attitudes by adopting ambitious emissions reduction targets and supporting legislation, including measures relating to carbon pricing, clean energy and fuel standards, and alternative energy incentives and mandates. There has also been increased activism and public opposition to fossil fuels, and oil sands in particular. Existing and future laws and regulations may impose significant liabilities on a failure to comply with requirements. Concerns over climate change, fossil fuel extraction, GHG emissions, and water and land-use practices could lead governments to enact additional or more stringent laws and regulations applicable to Suncor and other companies in the energy industry in general, and in the oil sands industry in particular.”276 “Increases in GHG emissions may impact the profitability of the company’s projects, as Suncor will be subject to incremental levies and taxes. There is also a risk that Suncor could face litigation initiated by third parties including litigation relating to climate change, including litigation pertaining to GHG emissions, the production, sale, or promotion of fossil and petroleum products, and/or disclosure.”277 Id. Suncor Energy Inc. (2018), Annual Report 2018, p. 9, available at https://www.suncor.com//media/Files/PDF/Investor-Centre/Annual-Reports/2018-AR/English/2018-annual-reportEN.pdf?modified=00010101000000&la=en-CA&hash=D2DAD0533F0DBB15436D78C6197A95B182C71D2B (last accessed on 12 September 2019). 275 Id. 276 Id., p. 59. 277 Id. 273 274 Annex D: Corporate Statements on Climate Change and Human Rights | 72