Cenovus Energy Inc. 2025 Modern Slavery Report

Cenovus Energy Inc. has filed its 2025 Modern Slavery Report, detailing the steps taken to prevent and reduce the risks of forced labor and child labor in its operations and supply chains. The company has established a Modern Slavery Focus Group, engaged external experts, and continued its Modern Slavery Governance Program. Cenovus has reviewed its policies and procedures, including the Human Rights Policy, Code of Business Conduct & Ethics, and Supplier Code of Conduct, to ensure alignment with ethical and legal standards. The company considers the risk of modern slavery in its direct operations to be low due to its workforce composition and location. While the majority of its Tier 1 suppliers are in Canada and the U.S., Cenovus acknowledges the potential risks associated with products originating from other jurisdictions. The company is developing a methodology for assessing modern slavery risks in its supply chains and is evaluating a risk management tool. In 2025, Cenovus was not aware of any instances of forced labor or child labor and has not needed to take remediation measures. Training is provided to staff on relevant policies and risk management, with over 8,000 staff trained in 2025. The Board of Directors oversees adherence to human rights standards through the Safety, Sustainability and Reserves Committee.