Indigenous Relations at Suncor- 2023 Report on Sustainability - Seite 2

Reconciliation is critical to healing and deepening relationships with Indigenous Peoples. We are taking an active and meaningful role as outlined by the Truth and Reconciliation Commission call to action #92. We believe it is the right thing to do from a societal and business standpoint. Including Indigenous perspectives brings about innovation and different ways of approaching our work. Building strong relationships with Indigenous communities earns the trust and respect of true partners that helps propel our business and navigate the ever-changing landscape.

The Journey of Reconciliation is fundamental to our purpose. It supports our strategy of becoming a leader in sustainability and the energy transition. Read more on how we are building trust and respect with Indigenous Peoples here.

Partnering with Indigenous business and communities

It starts with open and honest relationship building to understand common interests and how we can partner together for mutual benefit. Meaningful participation requires the ability to understand each other's desired outcomes, strengths and limitations.

When it comes to our supply chain, our Indigenous Business Participation Strategy supports sourcing activity across the company. Working with local Indigenous businesses provides close and reliable talent and services. It also supports companies to invest revenues back into their communities.

• In 2022, we spent approximately 27% more with Indigenous suppliers than in 2021.
• Twenty percent of our overall spending - worth approximately $3.1 billion - was with Indigenous suppliers. This was achieved by focusing on increased engagement and new relationships with suppliers that were established over the past few years. Doing business with Indigenous suppliers is embedded in our way of working, which is why we no longer set an annual spending target.
• Suncor's work with Indigenous communities also remains strong through our Petro-Canada business. As of 2022, we have 63 Petro-Canada branded retail stations and wholesale marketing arrangements with First Nation and Métis communities. Not only do the retail stations service the community, but, in some instances, they act as a place for community members to gather.

Strengthening Indigenous workforce and inclusion