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Our communications team focuses on publishing novel and timely research to help inform consumers on the latest trends in the housing market and the way people are living with insightful, fact-based commentary, not a sales pitch.
We also we publish a wealth of data in our Data Center, noting: “We’re able to give you the earliest and most reliable data on the state of the housing market.
We publish existing industry data faster and offer additional data on tours and offers that no one else has.” Code of Conduct & Employee Behavior Our code of conduct applies to all Redfin employees and directors and covers conflicts of interest; insider trading; competition and fair dealing; maintenance of corporate bo...
We also provide employee training that covers the following: Fair Housing Policy, Regulation FD, Insider Trading Policy and Related Party Transactions Policy.
Employees are encouraged to contact their manager or Redfin’s General Counsel if they need help understanding the code or how it applies to a particular situation.
Whistleblower Helpline Redfin maintains an anonymous whistleblower helpline where employees are encouraged to report known or suspected violations of �controls, or auditing matters, �2� the laws that apply to Redfin, or �3� Redfin’s policies described in employee handbooks or elsewhere.
Redfin also has anti-retaliation policies in place to protect whistleblowers.
Human Rights Statement Because Redfin is a mission-driven, consumer-focused company, respect for human rights is central to everything we do.
Redfin’s support of human rights is also reflected in our policies and in our everyday interactions across our organization: Our executives serve our employees, our employees serve our customers.
We strive to conduct business in accordance with the United Nations �UN� Guiding Principles on Business and Human Rights and this policy is guided by the fundamental human rights principles stated in the United Nations’ Universal Declaration of Human Rights, including those contained in the International Labor Organiza...
We are committed to maintaining a work environment where all employees at every level are treated with dignity and respect, free from discrimination and harassment, and can devote their full attention and best efforts to their job.
These same standards apply to our interactions with customers and others with whom we do business, including licensees and representatives of Redfin.
Redfin expects that the entities with which we do business also respect individual human rights and conduct their business operations free from human rights abuses, such as forced or child labor, human trafficking and slavery.
Redfin follows the NIST Cybersecurity Framework to quantify our security posture and identify improvement areas.
Risk Management & Corporate Governance Our board of directors, as a whole, has responsibility for risk oversight, and each committee of our board of directors oversees and reviews risk in areas that are relevant to it.
The risk oversight responsibility of our board of directors and its committees is supported by our management reporting processes, which are designed to provide visibility to our board and to our personnel who are responsible for identification, assessment and management of critical risks.
Please see our latest proxy for more information on our risk oversight, board diversity, committee composition and director nomination process.
Stockholder Rights & Governance Structures Redfin has made meaningful improvements as we align our stockholder rights and governance structures with best practices.
Expanded proxy access: We modified our bylaws to permit a group of up to at least three years to nominate directors at our annual meeting.
Majority voting standard for uncontested director elections: We modified the voting standard for uncontested director elections from a plurality voting standard to a majority voting standard, so that directors would only be elected if they receive more votes “for” than “against” in the election.
Declassified board: We modified our certificate of incorporation to begin phasing in a declassified board, with full implementation by our meeting (see section titled Proposal 4 in our 2022 proxy for more information).
incorporation so that, beginning July 28, 2024, amendments to our certificate of incorporation and amendments to our bylaws will require a majority vote (rather than a supermajority).
Amendments to our certificate of incorporation will continue to also require approval by our board.
About this report This is Redfin’s first sustainability report.
The report incorporates disclosures based on the Sustainability Accounting Standards Board �SASB� framework.
At Redfin, we are committed to transparency and accountability.
The COVID- importance of health and safety and for us all to practice team backup, be kind and take care of one another.
The economic turmoil created by COVID- testing Husky’s resilience.
The Company has taken steps to preserve our financial health, including reducing spending and managing debt.
We are making significant progress towards becoming a High Reliability Organization and top quartile in process and occupational safety by the end of against industry benchmarks.
our lost time incident rate over the previous year and a year-over-year in the total recordable injury rate.
achieve when we set our minds to it.
To further protect Husky’s future, and our ability to provide well-paid jobs and returns to shareholders, governments and communities, we must continue to focus on ESG risks and priorities for the Company.
While the analysis we undertook in gas demand scenarios, including one where global warming is limited to a less than two-degree Celsius rise, we know we must do more.
As such, we have set a target to reduce our greenhouse gas emissions intensity by zero emissions by 2050.
While the work we’re undertaking to meet our directionally on the path to net zero, investing in new technologies and carbon offsets is needed, along with an economy-wide ecosystem that enables cost-effective solutions globally.
Our drive to leverage innovation and technology includes using third-party artificial intelligence which has lowered the steam-oil ratio, and therefore emissions intensity, at our Lloyd thermal projects.
After a successful trial at three facilities, we’ll be rolling the platform out to the other eight.
We are embracing similar innovative technology solutions across our business.
Husky has the opportunity to responsibly produce the energy the world needs while making improvements that start to address climate change.
We must ensure our neighbours participate in our success.
This year we have been reminded, yet again, that we all have more work to do to confront racism and intolerance in all its forms, and ensure we are moving towards more inclusion and diversity, building on our common bonds.
At Husky, we place the safety of all the people working for us, and the safety of our operations, above anything else.
We have introduced a gender diversity target, with the goal of having women in 25% of positions at the Vice President level and above.
We are in a strong position to deliver on this with a deep pipeline of talent in place today.
We’ve taken important steps over the past year and we will follow up on these in future reports.
A and a closer look at Husky’s approach to diversity.
A direct link between ESG and compensation, including safety and carbon management.
Expanded section on lobbying, including positions on key issues.
Our Key Performance Data table indicates where metrics align with the Sustainability Accounting Standards Board and the targets identified under each United Nations SDG.
Alignment with the United Nations SDGs is indicated with the appropriate SDG icon.
Summary of key numbers related to the Company’s operations and environmental, social and governance performance.
All data as at December 1 Indicators from IPIECA/API/IOGP oil and gas industry guidance on voluntary sustainability reporting (2015).
Indicators track partial alignment where data is provided corporately for a given metric.
regulatory reporting changes for horizontal directional drilling releases.
related to the Husky-CNOOC Madura and Husky Midstream Limited Partnership joint ventures, which are accounted for under the equity method for financial statement purposes.
the Company’s working interest in Asia Pacific, Atlantic, Sunrise and Toledo assets.
The carbon intensity numerator excludes the following emissions: drilling and completions, Pounder Emulsions and dryer emissions from both ethanol plants.
The denominator excludes throughput from all Pounder Emulsion facilities and terminals and includes downstream throughput as well as produced and processed volumes for upstream facilities.
15 Reported for assets operated by Husky in Canada and the U.S.
For any year, assets divested during that year are not included.
and nitrous oxide (N2O), reported as CO2 equivalent (CO2e).
Scope emissions do not include emissions from biological sources, such as fermentation process emissions at Husky’s ethanol plants, and emissions from some on-site transportation, which are unavailable and not material.
all facilities where criteria air contaminant emissions have been reported to the regulator.
The Chair of the ESG Steering Committee reports to Husky’s Board of Directors through the Corporate Governance Committee of the Board.
As of at all corporate Governance Committee meetings.
Our ESG strategy is integrated with the Company’s business plans and risk matrix, and aligned with the Husky Operational Integrity Management System.
Husky’s ESG strategy and performance is assessed by other executive committees as appropriate.
and Air Emissions and Land Use and Reclamation.
Some of our key metrics, including total energy use, Scope emissions and fresh water withdrawal, are verified through independent, limited assurance.
Due to COVID- performance indicators will be performed and published later in 2020.
Canada, the United States and the Asia Pacific region.
Our first priority is safe and reliable operations.
This oil production is integrated into Husky’s downstream operations, which includes upgrading, refining and marketing of refined petroleum products.
Our approach to ESG issues, and the metrics we measure and report, evolves to align with what is important to the Company, our investors and our stakeholders.
Our provides more detail about the actions we’ve taken to manage the risks and improve performance, and identifies opportunities to implement continuous improvement.
We have established the goal of achieving global top quartile performance in process and occupational safety as measured against industry-standard metrics by the end of 2022.
Another priority area is climate-related risks, including understanding physical risks to our business, changes to market demand for our products and the financial impacts.
In analysis and stress-testing of our business plans and improved our climate change strategy.
In emissions reduction target, with the long-term aspiration to achieve net zero emissions from the energy we produce by 2050.
At Husky, whether it’s delivering energy each day, improving occupational and process safety, addressing climate change or promoting diversity, we aim to make a positive contribution to society.
safety of our people and communities while delivering value for our customers and shareholders.
In other words, our role is to responsibly produce the energy the world needs and this report details our progress.
We believe more renewable energy such as solar and wind is needed in the future, and that the world will continue to use oil and gas.
technology is required to address climate-related risks while we transition our energy systems and our economies, achieving net zero emissions production over the long term.
To meet objectives under the Paris Agreement we, along with several other energy companies and governments, aspire to achieve net zero emissions by 2050.
Achieving our continue to invest in new technologies and carbon offsets that will bring us closer to this goal.
2025 25% Scope 1 emissions intensity reduction target.
and climate targets, which are directly linked to executive pay-for performance compensation.
demand scenarios, including one where global warming is limited to a less than two-degree Celsius temperature rise.
Husky supports the work of the Task Force on Climate-related Financial Disclosures (TCFD).
Using the TCFD’s categories, our analysis focused on the two elements we deemed most likely to potentially be material: carbon price and commodity price.
As a two-degree scenario suggests the potential for rising carbon prices, we incorporated assumptions about probable carbon pricing into our long-range planning, acquisition and divestment, and investment decisions.
Our scenario analysis tested an alternate set of prices and application, based on the International Energy Agency and Canadian Energy Regulator cases.
We found that over its long-range plan is resilient to escalations in carbon pricing.
While the two-degree scenario shows a plateau in oil demand out to term, as witnessed over the last few years and particularly in early 2020.
Our scenario analysis indicated that the commodity price assumptions we use for planning and investment are conservative, and adequately ensure our production is resilient in low commodity price environments.
Maintaining our strong balance sheet and preserving optionality for future capital investments protects us from more severe short-term fluctuations.
Our climate scenario analysis work was third-party reviewed, and we will address recommendations and implement what we have learned as we continue to improve our scenario analysis process.
term sustainability and/or inform investor assessments and decisions are considered priority topics.