Encana ranked among the world's most ethical large companies

For the second year in a row, Encana has been ranked among the world's most ethical large companies by The Ethisphere Institute. The Ethisphere Institute, a leading international think-tank dedicated to the creation and advancement of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability, announced its sixth annual selection of the World's Most Ethical Companies on March 15, 2012 in New York.

"We believe that our environmental, social, and corporate governance performance contributes to long-term value for our shareholder and helps us maintain our social license to operate," explains Jeff Paulson, Vice-President, Associate General Counsel & Corporate Secretary at Encana. "Sound corporate governance and ethics help us keep pace with the expectations of our stakeholders and ensure we operate in compliance with securities, environmental and other laws."

Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries. The methodology for the World's Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.

"Our approach to ethical business practices requires a collaborative and coordinated approach," explains Dave Lye, Encana's Vice-President Corporate EH&S, Security & Corporate Responsibility. "Our Board of Directors and Executive Team are committed to fostering a culture of ethical and responsible business conduct. There are a number of groups involved in helping to ensure that our policies and practices reflect this commitment- including the teams in Legal Services, Financial Compliance & Audit, Corporate Responsibility, EH&S, and our field staff."

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