- Conduct our business with high standards of ethical conduct and corporate governance
- Integrate sustainability into our governance and corporate strategy.
- Meet or exceed all rules, regulations, policies, and standards governing and supporting the development of new energy projects in Alberta
- Provide a safe work environment
- Protect the environment for future generations
- Engage stakeholders throughout our projects and work collaboratively with our Indigenous Partners
LETTER TO STAKEHOLDERS
We’ve made significant strides in our ESG reporting and we are proud of the progress we have made to date. However, we know we need to continually raise the bar to meet and exceed the expectations of our communities and stakeholders.
At Hammerhead Resources we believe that accountability, innovation, debate, and respect thrives in an environment of continuous improvement. This environment fosters safe, sustainable, long-term, risk-managed value creation, enabling us to move forward with our goal to safely, responsibly, and profitably produce oil and gas for the benefit of our investors, employees, external stakeholders, and communities.
We’ve started dedicating resources and investing in new initiatives and technologies to reduce our carbon footprint, seeking to better understand how we will follow through on our commitment to become net-zero by 2050. We’ve made significant strides in our ESG reporting and we are proud of the progress we have made to date. However, we know we need to continually raise the bar to meet and exceed the expectations of our communities and stakeholders. Moving forward, we intend to further refine our sustainability goals and mission as we continue working to identify the short-term and long-term climate-related risks and opportunities facing our business, industry, and stakeholders.
We are working to identify these risks throughout each of our departments, so we can continue to improve our climate-related disclosures through more robust, detailed frameworks in the future. We have expanded our reporting to include the United Nations’ (UN) Sustainable Development Goals (SDGs), the Global Reporting Initiative’s (GRI) Sustainability Reporting Standards, and Sustainability Accounting Standards Board (SASB) Standards. This combination of frameworks enables Hammerhead to report on our sustainability impacts transparently and credibly.
We are planning to start aligning our disclosures with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) over the upcoming years. This approach will further demonstrate the resiliency of our business strategy while we transition to a low-carbon economy.
Hammerhead is a growth-oriented private company based in Calgary, Alberta with production and development focused in the multi-zone, Montney light oil window.