Suncor Energy - 1792 Exchange

Rating Overview

Suncor Energy is Medium Risk.

Suncor Energy is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Medium Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Suncor Energy integrates ESG into its business practices. From its 2024 Sustanability Report/p. 16: “ a significant portion of the direct compensation
of our senior executives is also contingent on safety and
environmental performanceᆸ production and costsᆺ In
additionᆸ Climate Performance Share Units create an
incentive for Suncor leadership to achieve reductions in
greenhouse gas emissions intensity in line with our
commitment to decarbonize our base business.” (1). Suncor Energy has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (2)(3).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Medium

Rationale:

Suncor Energy requires “Religious organizations to offer non-denominational community and social support services” Therefore, it is likely that religious organizations would not be eligible for charitable giving (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Suncor offers allyship training to its employees (1). The company appears to prioritize diversity over merit in its recruitment policy. From its Equal Opportunity and Inclusion Policy: “Undertake special efforts to attract and facilitate employment of diverse groups”(2). Suncor Energy does not provide viewpoint protections for its employees (3)(4).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Suncor Energy is a member of Climate Action 100+, committed to carbon neutrality by 2050 (1). The company is a Ceres Network Member, committed to carbon neutrality by 2040 (2)(3)(4). Suncor Energy uses its blog to publish articles supporting LGBTQ pronoun use in the workplace, as well as pride week (5)(6).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Suncor Energy has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

Lower

Rationale:

Suncor Energy does not operate a PAC at this time and has not used its lobbying for ideological purposes(1)(2)(3).