Governance and risk
Principled governance for responsible performance
A disciplined process to preserve our reputation
Ovintiv’s Board of Directors oversees our risk management approach, ensuring we have a disciplined process to identify, monitor and manage material risks to our business and reputation.
Our risk practices focus on early identification, clear ownership and effective mitigation, supported by controls, systems and business continuity plans aligned with our internal risk management policy.
Our enterprise risk management (ERM) process, informed by our sustainability priority assessment, helps us track emerging and significant risks. Climate-related risks are integrated into these practices and overseen through our internal Risk Network—senior leaders accountable for understanding and reporting entity-level risks.
Formal process backed by first-hand experience
Beyond formal governance processes, Ovintiv’s Board engages directly with our operations to strengthen oversight of sustainability performance. Sustainability oversight is embedded in the mandates of key Board committees. Each committee operates under a Board approved charter and brings focused expertise to strengthen governance and risk oversight. Together, they help integrate sustainability considerations into Board deliberations and decision-making.
Key committees include:
- Corporate Responsibility & Governance Committee
- Environment, Health & Safety (EH&S) Committee
- Human Resources & Compensation Committee
- Audit Committee
Setting clear expectations for how we work
Our Business Code of Conduct and Supplier Code of Conduct set clear expectations for our employees and business partners. Our codes outline how we do business and engage with each other and the community. They also affirm our commitment to integrity, ethical business practices, sustainable operations and regulatory compliance.
Our codes apply to Board members, employees, contractors and suppliers—and each of us is responsible for understanding and following these expectations. We expect leaders to set the standard through their actions. Violations of our codes, policies or practices may result in disciplinary action, up to and including termination of employment or contract, as appropriate.
Safeguarding the business, advancing our abilities
Cyber threats are increasingly sophisticated, requiring ongoing improvements to our security practices and risk management across digital technologies. Ovintiv protects its digital assets with rigorous cybersecurity standards to safeguard our business, reputation, team safety, compliance, and environmental integrity.
Our culture of innovation drives us to use advanced technologies like artificial intelligence (AI), which enhances our cybersecurity, strengthens decision-making, streamlines processes and supports operational excellence.
A transparent approach to responsible energy development
Ovintiv is committed to leveraging innovation and technology to support energy security while reducing greenhouse gas emissions intensity. Recognizing that oil and natural gas fulfill essential needs in the U.S. and Canada, we actively engage in public policy discussions with governments at all levels to advance effective regulation and responsible energy development.
Our lobbying and political activities are strictly governed by clear policies and strong oversight, ensuring alignment with our strategy, values, and compliance with relevant laws, while avoiding influence from personal views of employees or Board members.
Get the full picture
Our 2025 Sustainability Report details our efforts to manage impacts as we produce the affordable, secure and reliable energy the world needs. Learn how we’re leading by example in:
- Strengthening our safety culture through leadership training, serious‑injury prevention and consistent safety standards.
- Integrating thoughtful planning and innovation to manage emissions and enhance environmental performance across our operations.
- Supporting communities by investing in education, safety and wellness, and fostering long‑term relationships with Indigenous partners.
