The Wood Buffalo region is home to some of the most successful Aboriginal businesses in Canada. We work closely with the owners of Aboriginal businesses to identify opportunities for supplying goods and services to our operation. As of 2014, Syncrude has spent over $2.2 billion with Aboriginal companies.
Our policy requires an Aboriginal business to be 51% owned by a First Nation, Métis Local or Aboriginal person. The Aboriginal owner must also be in control of the operations on a day-to-day basis.
Encouraging Local Business Success
Syncrude is a founding member and active participant in the Northeastern Alberta Aboriginal Business Association (NAABA). The association works to develop capacity and opportunities for Aboriginal business in the region.
Full members of NAABA must have at least 51% Aboriginal ownership, while associate members like Syncrude are companies that have an Aboriginal policy in place or in development. To find out more about NAABA, visit www.naaba.ca.
Syncrude also works with other organizations, like the Fort McMurray Chamber of Commerce, to assist them in developing processes that help Aboriginal businesses increase their capacity.