Highwood Asset Management Ltd.
Climate Impact & Sustainability Data (2023-01-01 to 2023-06-30)
Reporting Period: 2023-01-01 to 2023-06-30
Environmental Metrics
ESG Focus Areas
- Sustainability
- Community Impact
Social Achievements
- Committed to having a positive impact in the communities in which we operate – setting partnerships up for long term successes.
Climate Goals & Targets
Short-term Goals:
- Reduce Net Debt / 2024 EBITDA to under 0.8x in the next twelve months
Environmental Challenges
- Wildfires in Alberta impacting midstream revenues
- Commodity price volatility
- Environmental risks and hazards associated with oil and gas operations
Mitigation Strategies
- Operations are continuously monitored to minimize the environmental impact and capital is allocated to reclamation and other activities to mitigate the impact on the areas in which we operate.
- Hedging strategies (though details are limited in the report)