Enhancing sustainability through alignment with ESG leaders.
Our purpose is to finance sustainable energy development.
Our vision is to invest capital alongside partners with high quality, economically resilient assets who are demonstrating strong and improving ESG performance and those who can lead in utilizing technology to enhance value. The outcome of our vision is a resilient company with sustainable returns to shareholders and long-term option value.
Topaz’s sustainable investment strategy is focused on developing partnerships with responsible operators and leveraging technical expertise to invest in top quartile, long-life, prolific plays supported by inflation-protected, commodity-resilient revenue streams. Topaz reports sustainability performance metrics, including the Company’s zero scope 1 and 2 emissions. In 2021, Topaz’s ESG reporting was enhanced through the adoption of disclosures recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and third party verification of certain performance data.
Topaz's robust corporate governance framework is attentive to diversity and inclusion, independence and oversight of related party transactions, which provides the foundation for a sustainable business.
Topaz's stakeholder engagement policy guides our community engagement with an emphasis on (i) promoting healthier and more sustainable communities, (ii) supporting educational opportunities and (iii) fostering employee engagement in the community.
Focus on lower emissions energy investment underpinned by:
► Topaz does not have direct oil and gas production and is not exposed to future capital costs, associated emissions or abandonment obligations, but partners and plays are thoughtfully selected on the basis of integrated economic and environmental sustainability; and
► non-operated ownership interests in new, state of the art natural gas processing facilities and certain water management infrastructure that together produce very low emissions.
Our investments are focused on low-cost, high-quality energy resources and assets, those that attract capital even during periods of lower commodity prices and are operated by producers focused on strong and improving ESG performance. We believe these companies are best positioned to generate sustainable long-term growth and profitability for Topaz and its investors.
ESG Investment Criteria
ESG considerations pervade our strategic decision making process, which focuses on the following key themes:
We selectively pursue resources within or supporting the longest life, most economically resilient plays in the main growth corridor of the WCSB. We believe these top quartile resources are best positioned to generate superior economic returns, provide long-life resources with upside option value, withstand increasing climate-related compliance costs and attract investment in technological innovation.
We seek assets that are early in life and well poised for growth even during periods of lower commodity prices, which is driven by the most efficient operators and cost structures.
Our strategy is to transact with active operators focused on developing their assets ethically and responsibly and who demonstrate exceptional environmental performance and technological innovation.
- Good governance and a strong focus on diversity and inclusion
- GHG emissions reductions, absolute and intensity, and performance relative to peers
- Water management practices, including plans to reduce freshwater withdrawals and impact on water stress
- Commitment to Indigenous communities and partnerships
- Health and safety performance