Canadian Water Summit

Reporting onWater Management Issues

June 17, 2010

United States

SEC’s Interpretive Guidance on climate change disclosure:

Changes in the availability or quality of water … can have material effects on companies

Companies to disclose material impacts of:

− Laws and regulations− International treaties− Business trends− Physical changes to natural environment

REGULATIONS & GUIDANCE

REGULATIONS & GUIDANCE

Canada

NI 51-102 requires communication of environmental matters in continuous disclosure documents

OSC to issue guidance on environmental disclosure requirements by Dec 2010

CICA provides related MD&A guidance

Carbon Disclosure Project

Water Disclosure request to be sent to 302 companies in high risk or water‐intensive sectors

VOLUNTARY REPORTING

VOLUNTARY REPORTING

Global Reporting Initiative

EN8 Water withdrawal by source

EN9 Water sources affected by withdrawal of water

EN10 Percentage/volume of water recycled/reused

EN25 Identity, size, protected status, and biodiversity value of water bodies and related habitatssignificantly affected by the organization’s water discharges/runoff

EN21 Water discharge by quality and destination

In 2009, we recycled 83% of all water used in our processes.

Water Recycled (000 m3)

2005 2006 2007 2008 2009

Potash 58,855 51,012 56,807 49,206 34,696

Phosphate 939,357 910,811 876,475 797,325 734,494

Nitrogen 14,295 10,339 10,198 12,164 11,615

Total 1,012,507 997,162 943,480 858,695 780,805

VOLUNTARY REPORTING

Global Reporting Initiative

EN8 Water withdrawal by source

“Suncor recently adopted a 10-year water management plan designed to recycle and reuse larger amounts of wastewater and tailings water, reducing our need to withdraw river water. This plan identifies costs greater than $500 million to execute…”

PROSPECTIVE DISCLOSURE

Indicator Environmental Performance Goal

WaterUse

Reduce water intake by 12 percent by 2015

Suncor – 2009 Sustainability Report

Integrated Reporting

GRI: Standardized Integrated Reporting should be developed, tested, and commonly adopted by 2020

MOU signed by IFAC and Accounting for Sustainability

International Integrated Reporting Committee formed

RECENT DEVELOPMENTS