Enbridge Publishes 22nd Sustainability Report

Progress against ESG goals and commitments continue

CALGARY, AB, May 18, 2023 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today published its 22^nd annual Sustainability Report (Report), providing stakeholders with details of progress made in environmental, social, and governance (ESG) performance.

"In 2020, we set ambitious goals across all aspects of E, S and G with clear pathways to achieving them," said Pete Sheffield, Enbridge Vice President and Chief Sustainability Officer. "This year's Report highlights progress against these goals, aligned with a sustainable growth strategy and our mission to be the first-choice provider of energy for our stakeholders."

The 2022 Report includes:

• a detailed overview of sources of methane emissions from Enbridge operations along with Company, industry and policy actions to better monitor and mitigate emissions;
• progress on the Company's Indigenous Reconciliation Action Plan, released last September;
• engagement with key suppliers regarding their emission profiles as well as sector-leading Scope 3 emissions disclosures;
• additional trade association policy reviews and lobbying disclosures, including specific climate-related lobbying report; and
• an updated analysis, aligned with Task Force on Climate-Related Financial Disclosures, of Enbridge's businesses under different climate-related scenarios.

Enbridge is taking a practical approach to energy transitions in North America and around the world by providing the energy needed today, while simultaneously advancing solutions for a cleaner energy future.

"World events in 2022 were a powerful reminder that energy reliability, affordability and access remain critical considerations alongside climate," said Sheffield. "At Enbridge, we're focused on addressing all of these societal needs, and to fostering engagement, inclusion and awareness across communities and throughout the Company. This year's Report conveys our deep commitment to this mission."

The 2022 Report is online and interactive and for the second consecutive year includes a user-friendly ESG dashboard.

Please click here to see the full Report.

Enbridge Forward-Looking Information

Forward-looking information, or forward-looking statements, have been included in this news release to provide information about Enbridge Inc. ("Enbridge" or the "Company") and its subsidiaries and affiliates, including management's assessment of Enbridge and its subsidiaries' future plans and operations. This information may not be appropriate for other purposes. Forward-looking statements are typically identified by words such as ''anticipate", "believe", "estimate", "expect", "forecast", "intend", "likely", "plan", "project", "target" and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information or statements in this news release include statements with respect to our corporate vision and strategy; energy transition and lower-carbon energy, including our approach thereto; our environmental, social and governance (ESG) goals, practices and performance and targets, our plans to achieve our ESG goals and targets and to monitor and report our progress thereon; expected resiliency of our assets and growth opportunities under climate change scenarios; our commitments under the Company's Indigenous Reconciliation Action Plan; our planned monitoring and mitigation of methane emissions; and our work with third-parties regarding Scope 3 emissions.  

Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the following: energy transition, including the drivers and pace thereof; global economic growth and trade; the expected supply of, demand for, and prices of crude oil, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG) and renewable energy; anticipated utilization of assets; exchange rates; inflation; interest rates; the COVID-19 pandemic and the duration and impact thereof; operational reliability; maintenance of support and regulatory approvals for our projects; anticipated in-service dates; weather; governmental legislation; litigation; our credit ratings; capital project funding; hedging program; financial strength and flexibility; debt and equity market conditions; and  general economic and competitive conditions. Assumptions regarding the expected supply of and demand for crude oil, natural gas, NGL and renewable energy, and the prices of these commodities, are material to and underlie all forward-looking statements, as they may impact current and future levels of demand for our services. Similarly, exchange rates, inflation and interest rates impact the economies and business environments in which we operate and may impact levels of demand for our services and cost of inputs, and are therefore inherent in all forward-looking statements.

Enbridge's forward-looking statements are subject to risks and uncertainties, including, but not limited to those risks and uncertainties discussed in this news release and in the Company's other filings with Canadian and United States securities regulators. The impact of any one assumption, risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge's future course of action depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil or renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on two decades of experience in renewable energy to advance new technologies including wind and solar power, hydrogen, renewable natural gas and carbon capture and storage. We're committed to reducing the carbon footprint of the energy we deliver, and to achieving net zero greenhouse gas emissions by 2050. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com

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SOURCE Enbridge Inc.