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Cenovus Receives Double Honours For Corporate Responisibility

Stocks in this article: CVE

Cenovus Energy Inc. (TSX, NYSE: CVE) is being acknowledged with double honours for its leadership in corporate responsibility. Today, Maclean’s magazine and Sustainalytics named Cenovus one of the Top 50 Socially Responsible Corporations in Canada. The company was also recognized recently by Corporate Knights magazine as one of 2012’s Best 50 Corporate Citizens in Canada.

“It’s great to be recognized as a responsible corporate citizen in Canada by reputable organizations such as Sustainalytics, Maclean’s and Corporate Knights,” said Jim Campbell, Vice-President, Government Affairs and Corporate Responsibility. “We strive to be a leader in corporate responsibility.”

Maclean’s works with Sustainalytics, a global leader in sustainability analysis, to evaluate performance in areas such as environmental initiatives, impact on local communities and employee satisfaction. Cenovus’s inclusion in the 2012 Top 50 Socially Responsible Corporations in Canada is due, in part, to the company’s support for emerging environmental technologies through its Environmental Opportunity Fund. It also reflects the strong guidelines Cenovus sets for staff and contractors to be good neighbours in communities where the company operates.

This is the fourth year that Maclean’s and Sustainalytics have presented the Top 50 Socially Responsible Corporations in Canada. The full list was published by Maclean’s on June 14.

On June 8, Corporate Knights magazine named Cenovus one of 2012’s Best 50 Corporate Citizens in Canada. Corporate Knights is a Canadian magazine that promotes responsible business practices. Cenovus was recognized as a top performer among 17 of its peers and one of only two Canadian energy companies to fully satisfy Corporate Knights’ disclosure requirements on energy, water, waste and greenhouse gas emissions performance.

“This is a strong endorsement of our efforts to develop our business responsibly, finding the right balance between economic, governance, social and environmental performance,” said Campbell.

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