2023-24 Statement of Corporate Governance Practices
Cyber Security Risk SaskEnergy relies on its information and operations technology systems to safely and efficiently operate corporate assets and protect corporate data and personal information. These systems are subject to cyber security risks including, but not limited to, targeted attacks, exposure to computer viruses, and breaches of corporate and personal information within technology systems managed by internal and external parties. A cyber security event could expose the Corporation to loss or misuse of critical data and information, leading to property damage, disruptions to its operations, privacy breaches, loss of confidentiality, and financial or reputational losses. SaskEnergy proactively and continuously monitors its systems to identify and address malicious activity and potential or emerging threats. Business continuity exercises are also conducted regularly. SaskEnergy has developed a cyber security strategy whereby the Corporation tests its systems, builds controls, and conducts investigations to manage cyber security risk. This strategy is partly enshrined in the Enterprise Security Policy, SaskEnergyʼs Cyber Incident Response Plan, and the Acceptable Use of Technology Policy. In addition, the Corporation has added incremental resources to manage and evaluate cyber risks and privacy processes related to the growing adoption of cloud migration, data analytics and mobile technology. Further, to assist with the proper corporate usage of Artificial Intelligence (AI) services, while mitigating risks to the organization, SaskEnergy has developed an Artificial Intelligence Policy. The policy provides guidance to SaskEnergy employees and contractors on the responsible and efficient use of AI and Generative AI tools and services, for positive business outcomes, while minimizing potential risks to the organization. SaskEnergyʼs AI Policy provides an overview of the: use of corporately approved AI services; obligations of staff with respect to the ethical and responsible application of AI and Generative AI within SaskEnergy; roles of both staff and managers in AI training and education; commitment to use AI technologies in a way that is transparent, accountable, respectful of privacy,
SaskEnergy assists its customers in reducing their impacts on the environment and in meeting their environmental goals. For more than 20 years, energy efficiency programs have been offered to help residential and commercial customers install more efficient natural gas appliances. Through collaboration within industry and with a network of local contractors, SaskEnergy creates innovative solutions to help reduce the environmental impact of natural gas. These solutions assist customers in achieving their energy efficiency goals, lowering emissions and reducing costs. From project planning and design through to construction, operation and reclamation, SaskEnergy strives to reduce its impact on all aspects of the environment. This includes plant life, wildlife, wetlands, native prairie and species at risk. As an energy company, SaskEnergy recognizes its role — and the role of the natural gas industry — in reducing greenhouse gas emissions. The Corporation does its part to manage greenhouse gas emissions and contribute to a lower carbon energy future by meeting regulatory requirements. The 2022-23 Sustainability Report provides an overview of SaskEnergyʼs continued progress on ESG principles such as stewardship, community collaboration and socially conscious business practices. It also provides an outlook on the Corporationʼs long-term goals and objectives. The 2022-23 Sustainability Report can be found at https://www.saskenergy.com/about-us/ commitment-sustainability. SaskEnergy continues to evaluate regulatory changes and the impact these may have on reporting. At the time of this report, the CSA continues to develop new guidance on climate-related disclosures in the proposed “National Instrument 51-107 Disclosure of Climate Related Matters.” The Board, where applicable, will consider the recommended disclosures when National Instrument 51-107 comes into force. As of this writing, National Instrument 51- 107 has not been implemented, but it is understood that climate-related disclosure requirements are coming. SaskEnergy will continue to monitor developments with respect to National Instrument 51-107 as they apply to SaskEnergy.
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