Global Reporting Initiative Index

Spectra Energy Self Declared GRI Application Level B

Our sustainability reporting conforms to Global Reporting Initiative (GRI) G3 Guidelines and meets the criteria for GRI Application Level B. The detailed GRI Index chart below maps our online and report disclosure to GRI indicators. The Spectra Energy Responses column includes links to our Web site and references to page numbers that link within our 2007-2008 Baseline Sustainability Report (pdf, 14.3 MB).

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Standard Disclosures

Indicator Description Spectra Energy Response
 
Strategy and Analysis
1.1 CEO statement - vision and strategy See Letter from Our Chief Executive Officer (Sustainability Report, pages 2-3), Our Approach to Sustainability and Sustainability Performance Scorecard (Sustainability Report, pages 8-9).
1.2 Key impacts, risks and opportunities See Our Approach to Sustainability (Sustainability Report, page 8) and Natural Gas as a Part of North America's Energy Future (Sustainability Report, page 11).
 
Organizational Profile
2.1 Name of the organization Spectra Energy Corp.
2.2 Primary brands, products and services See Our Company and Our Businesses (Sustainability Report, pages 4-7).
2.3 Operational structure of the organization See Our Company and Our Businesses (Sustainability Report, pages 4-7).
2.4 Headquarters Houston, TX
2.5 Countries of operations United States and Canada
2.6 Ownership and legal form Spectra Energy Corp (NYSE: SE) is a Fortune 500, investor-owned corporation.
2.7 Markets served Spectra Energy is one of North America's leading natural gas infrastructure companies, offering services in the gathering and processing, transportation and storage, and distribution businesses.  Our primary markets are the Northeast and Southeast United States and in Ontario and Western Canada.  See What We Do and Our Company and Our Businesses (Sustainability Report, pages 4-7) for a description of the markets we serve.  
2.8 Scale of the organization See Our Company and Our Businesses (Sustainability Report, pages 4-7) and Our Company at a Glance.
2.10 Awards recently received See Appendix A: Awards and Recognition (Sustainability Report, page i). For 2009 Spectra Energy has been included in the Dow Jones Sustainability Index, the Carbon Disclosure Leadership Index, and was listed as the Fortune 100 Most Admired company in the industry.
 
Report Parameters
3.1 Reporting period Calendar year 2007, with certain supplemental material in 2008, as appropriate.
3.2 Date of the most recent report October 2008.
3.3 Reporting cycle Biennial. 
3.4 Contact person Elie Atme, Director of Sustainability, Spectra Energy.
3.5 Process for defining content See About this Report (Sustainability Report, page 1) and Our Approach to Sustainability (Sustainability Report, page 8).
3.6 Boundary of the report Spectra Energy's operated assets.  Except where noted, the report excludes DCP Midstream, a non-operated joint venture.
3.7 Specific limitations None.  
3.8 Basis for reporting Ownership share, unless otherwise noted.
3.9 Data measurement techniques Our responses are consistent with the GRI Indicator Protocols.  Quantitative data provided are based on direct measurements, estimates and calculations, as appropriate, using methodologies based on industry or internationally recognized standards.
3.10 Effect of re-statements None.  The 2007 baseline report is Spectra Energy's first Sustainability report.
3.11 Significant changes None.  The 2007 baseline report is Spectra Energy's first Sustainability report.
3.12 Location of Standard Disclosures Included in this table and Appendix C: GRI Index (Sustainability Report, page iv).
3.13 Assurance We did not seek assurance for this report.
 
Governance, Commitments and Engagement
4.1 Governance structure See Corporate Governance and Ensure Strong Corporate Governance and Business Ethics (Sustainability Report, pages 16-19).
4.2 Is the Chair an executive officer? Mr. William T Esrey, Chairman of the Board of Spectra Energy Corp, is an independent director.
4.3 Independent directors As of May 7, 2009, Spectra Energy's board consists of 10 members, eight of whom are independent, as defined by New York Stock Exchange (NYSE) guidelines. One member is an executive director and one member is classified as a non-executive director.  See Board of Directors.
4.4 Contact with the Board of Directors Interested parties may communicate with our directors by writing to:  Corporate Secretary, Spectra Energy Corp, P.O. Box 1642, 5400 Westheimer Court, Houston, TX 77056-5310.
4.5 Linkage of compensation and performance The objective of our compensation program is to link compensation to both individual and company performance, on both a short and long term basis, with the achievement of predetermined performance targets.  For more information, please see pages 19-46 of our March 2008 Proxy Statement.
4.6 Avoiding conflicts of interest See the Code of Business Conduct and Ethics for the Board of Directors (pdf, 18 KB).
4.7 Determining qualifications of the Board of Directors See the Principles for Corporate Governance (pdf, 32 KB) adopted by the Spectra Energy Board of Directors.
4.8 Internal mission and values See the Spectra Energy Charter and Code of Business Ethics.
4.9-4.10 Governance procedures and performance See Ensure Strong Corporate Governance and Business Ethics (Sustainability Report, pages 16-19) and Corporate Governance. 
4.11 Precautionary principle Spectra Energy has developed a uniform corporate-wide risk analysis framework to ensure the oversight and management of its four major risk categories: Financial, Strategic, Operational and Legal / Governance. We employ a comprehensive approach to risk management that includes risk assessment, risk management, and risk communication / reporting. See Risk Management (Sustainability Report, pages 18-19).  For information on the management of operational risks, see Operate Responsibly, Reliably and Safely (Sustainability Report, pages 20-25).
4.12 Endorsement of externally developed charters, principles and other initiatives Spectra Energy has not endorsed any externally developed charters, principles or other initiatives.  We are members of several organizations which are listed in the response to 4.13 below, with further information in Appendix A:  Awards and Recognition (Sustainability Report, page i).
4.13 Association memberships Association memberships include the Interstate Natural Gas Association of America, Canadian Gas Association, Canadian Energy Pipeline Association and Ontario Energy Association. 
4.14-4.17 Stakeholder groups See Stakeholder Engagement, and Establish Win-Win Relationships and Stakeholder Engagement (Sustainability Report, pages 13-15).