GRI Matrix

1.1

CEO statement - vision and strategy

Fully

See the letter from our president and CEO, Spectra Energy at a Glance and Sustainability Performance Scorecard.

1.2

Key impacts, risks and opportunities

Fully

See the letter from our president and CEO, Spectra Energy at a Glance, Stakeholder Engagement, Addressing What's Important and Sustainability Performance Scorecard.

2.1

Name of the organization

Fully

Spectra Energy Corp.

2.2

Primary brands, products and services

Fully

See Spectra Energy at a Glance and Natural Gas 101.

2.3

Operational structure of the organization

Fully

See Spectra Energy at a Glance and Operations.   

2.4

Headquarters

Fully

Houston, TX

2.5

Countries of operations

Fully

United States and Canada

2.6

Ownership and legal form

Fully

Spectra Energy Corp (NYSE: SE) is a Fortune 500, investor-owned corporation.

2.7

Markets served

Fully

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 Mid-Atlantic, Northeast, Southeast and Pacific Northwest in the United States and in Ontario and Western Canada. 

See Spectra Energy at a Glance and Operations for a description of the markets we serve.

2.8

Scale of the organization

Fully

See Spectra Energy at a Glance and Operations.

2.9

Significant recent changes

Fully

See About This Report.

2.10

Awards recently received

Fully

See Awards and Recognition.

3.1

Reporting period

Fully

Calendar years 2010-2011.  See About This Report. 

3.2

Date of the most recent report

Fully

April 2010. See About This Report.

3.3

Reporting cycle

Fully

Biennial. See About this Report.

3.4

Contact person

Fully

Su-Lin Jaaskenlainen, director, sustainability, or Joanne Howard, manager, sustainability, Spectra Energy at sustainability@spectraenergy.com.  

3.5

Process for defining content

Fully

See About this Report, Spectra Energy at a Glance, Stakeholder Engagement, and Addressing What's Important.

3.6

Boundary of the report

Fully

Except where noted in our sustainability report, we account for Spectra Energy's operated assets only, which exclude our non-operated joint venture, DCP Midstream, and jointly operated Gulfstream Natural Gas System and Southeast Supply Header. See About this Report.

3.7

Specific limitations

Fully

None.

3.8

Basis for reporting

Fully

Ownership share, unless otherwise noted.  See About This Report.

3.9

Data measurement techniques

Fully

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.

See About This Report.

3.10

Effect of re-statements

Fully

There are no re-statements in this report when compared to the 2009 Sustainability Report.

In our 2009 Sustainability Report, Spectra Energy restated 2007 Scope 1 GHG emissions to 8,041,167 metric tons of CO2e (previously submitted in the Baseline Sustainability Report and 2007 CDP6 questionnaire as 11,784,284 metric tons of CO2e). The change in 2007 emissions values is attributed to: more accurate methodologies for calculating fugitive and vented methane; correction of emission factors for N20; and updating combustion emission factors to be consistent with the U.S. E.P.A. proposed GHG emissions reporting rule.

3.11

Significant changes

Fully

None. 

3.12

Location of Standard Disclosures

Fully

Included in this table and the Global Reporting Initiative index.

3.13

Assurance

Fully

We did not seek external assurance for this report.  We will conduct a self-assessment of the report.

4.1

Governance structure

Fully

See Corporate Governance for the Principles of Corporate Governance and the Board Committee Charters, Board of Directors, and pages 6-17 of the March 2012 proxy statement, Spectra Energy Form DEF 14A. 

4.2

Is the Chair an executive officer?

Fully

Mr. Bill Esrey, chairman of the board of Spectra Energy, is not an executive officer and is an independent chairman of the board. See Strong Corporate Governance in Acting with Integrity and Board of Directors.

4.3

Independent directors

Fully

In 2011, our 12 member board was led by an independent director, and 11 of the 12 board members were considered independent under the rules of the New York Stock Exchange and the United States Securities and Exchange Commission. One member, Greg Ebel, the president and CEO of Spectra Energy, is an executive director. See Strong Corporate Governance in Acting with Integrity and Board of Directors. 

4.4

Contact with the Board of Directors

Fully

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

Fully

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 21-47 of our March 2012 proxy statement, Spectra Energy Form DEF 14A.

4.6

Avoiding conflicts of interest

Fully

See the Code of Business Ethics.

4.7

Determining qualifications of the Board of Directors

Fully

See Corporate Governance.

4.8

Internal mission and values

Fully

See our Spectra Energy Charter, Code of Business Ethics, Sustainability at Spectra Energy and Sustainability Performance Scorecard.

4.9-4.10

Governance procedures and performance

Fully

See Corporate Governance for the Principles of Corporate Governance and the charter of the Finance and Risk Management Committee; Managing Risk; and Strong Corporate Governance in Acting with Integrity.

4.11

Precautionary principle

Fully

Risks are assessed by each business unit without specific reference to the precautionary principle. 

The board regards the identification and assessment of risks, together with effective internal controls, to be fundamental to achieving our strategy.  See Managing Risk in Delivering Solid Economic Performance, the charter of the Finance and Risk Management Committee.

4.12

Endorsement of externally developed charters, principles and other initiatives

Fully

Spectra Energy endorses two charters:

1) the Aboriginal Consultation Approach, which is our commitment to building and maintaining sustainable, long-term relationships with Aboriginal People based on mutual respect and understanding; and

2) Resolution of Respect in association with our membership in the Anti-Defamation League's Community of Respect™. The Resolution of Respect is an individual's or organization's commitment to taking responsibility for standing up against all forms of prejudice and discrimination and committing to a world that is a Community of Respect™. 

Since 2009, we have been named to the Human Rights Campaign's Corporate Equality Index. We have been recognized for our commitment to environmental and social responsibility by many organizations, see Awards and Recognition. We are also members of several organizations, which are listed on our on-line Sustainability Report under Acting with Integrity. For the most part, these are voluntary organizations without binding obligations. 

4.13

Association memberships

Fully

In 2011, Greg Ebel, president and CEO of Spectra Energy, is the Chairman of the Interstate Natural Gas Association of America.

Spectra Energy is a member and provides leadership in several industry associations.  Please refer to the table listing Spectra Energy's membership organization and roles in Acting with Integrity in the on-line version of the 2012 Sustainability Report.

In addition, please refer to Addressing What's Important.

4.14-4.17

Stakeholder groups

Fully

Please refer to the letter from our president and CEO, Defining What's Important; Stakeholder Engagement in the Sustainability Report; Addressing What's Important; Engaging with Communities and Valuing our Employees.