Spectra Energy Corp Headquarters

5400 Westheimer Court
Houston, TX 77056-5310
(713) 627-5400

GRI Matrix

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Economic Indicators

Our purpose is to create superior, long-term value for our investors, customers, employees and communities by providing natural gas infrastructure and services. In fulfilling our purpose, we build lasting relationships with our key stakeholders as we generate value for our shareholders, provide secure jobs for our employees, deliver clean-burning natural gas to meet our customers' energy needs and contribute to the economic and social development of communities.

IndicatorDescriptionReported2012 Spectra Energy Response
Economic Performance

EC1

Financial performance

Fully

See our 2010, 2011 and 2012 Summary Annual Reports, our Forms 10-K for 2010, 2011 and 2012 filed with the Securities and Exchange Commission.

EC2

Financial implications of climate change

Fully

See our 2012 Form 10-K, p. 30 and 67-68; our responses to the Carbon Disclosure Project; our Climate Change and Respecting the Environment.

EC3

Defined benefit plan obligations

Fully

Please see p. 115-123 of the 2012 Form 10-K and p. for Spectra Energy Corp.

EC4

Financial assistance from government

Not

We do not track the tax credits, subsidies and other incentives from our government entities.

Market Presence

EC5

Entry level wages

Fully

Our lowest entry level wage in 2012 was $8.50 per hour for U.S. employees. Federal minimum wage is $7.25 per hour as of July 24, 2009.

EC6

Policies, practices and proportion of spending on locally-based suppliers

Fully

See Suppliers and Contractors in Stakeholder Engagement, Communities in the Sustainability Performance Scorecard, and Local Economic Development in Responding to Communities.

EC7

Procedures for local hiring and percent of local senior management

Fully

We recruit, select, train and compensate based on merit, experience and other work-related criteria. See Equal Employment Opportunity on page 27-28 of our Code of Business Ethics.

Indirect Economic Impacts

EC8

Investments for local benefit - infrastructure investments and services

Fully

In 2012 we gave back $8.9 million to our communities through our philanthropic giving, matching gift programs and employee and retiree volunteerism. See Responding to Communities and Charitable Giving Guidelines.

EC9

Indirect economic impacts

Fully

Spectra Energy's indirect economic impacts are discussed in Delivering Solid Economic Performance and Responding to Communities.

In addition, Union Gas's Demand Side Management program creates benefits for the government and citizens of Ontario through the recovery of all the energy savings (electric, water and gas) as well as the costs of providing the program. This value is called Total Resource Cost (TRC). From 2007-2011, Union Gas has helped customers save an estimated $2.1 billion through energy saving initiatives in its Demand Side Management program. See Respecting the Environment and Responding to Communities.

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