Suncor Energy Inc 6-K, filed Jun 23, 2022

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a - 16 or 15d - 16 of

the Securities Exchange Act of 1934

SUNCOR ENERGY INC.

(Name of registrant)

150 – 6th Avenue S.W.

P.O. Box 2844

Calgary, Alberta

Canada, T2P 3E3

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

EXHIBIT INDEX

EXHIBIT 99.1

News Release dated June 22, 2022, Suncor Energy releases 2022 Report on

Sustainability and Climate Report

Exhibit 99.1

FOR IMMEDIATE RELEASE

All financial figures are in Canadian dollars

Suncor Energy releases 2022 Report on Sustainability and ClimateReport

Calgary, Alberta (June 22, 2022) – Suncor released its 2022 Report on Sustainability and Climate Report today. The reports highlight how Suncor is working to achieve exceptional environmental, social and governance (ESG) performance, and share Suncor’s actions on sustainable energy development, emphasizing the progress made to accelerate GHG reductions to reach net-zero by 2050 while increasing shareholder returns.

Guided by its purpose of providing trusted energy that enhances people’s lives, while caring for each other and the Earth, Suncor is optimizing its base business while strengthening ESG performance with a particular focus on driving down emissions. This includes replacing coke-fired boilers with highly efficient cogeneration units, pursuing carbon capture opportunities, expanding its use of hydrogen and increasing partnerships with Indigenous communities on energy assets. In addition to these and other initiatives, Suncor is enhancing its leadership, technology infrastructure and processes and systems to strengthen its safety, reliability and cost performance.

“In the face of global energy uncertainty and the climate challenge, Suncor’s strategy to deliver trusted energy while reducing emissions is aligned to meet the needs of today while contributing to the energy transition,” said Mark Little, President and Chief Executive Officer. “Our investments, initiatives and actions reflect our commitment to making the right choices for the environment we all share, the social well-being of our communities and maintaining a strong governance structure.”

Highlights of the Report on Sustainability include:

Highlights from the Climate Report include:

The Report on Sustainability and the Climate Report are available as downloadable PDFs:

For an overview of Suncor’s sustainability efforts and to read the reports, visit https://www.suncor.com/en-ca/sustainability.

Legal Advisory – Forward-Looking Information

This news release contains certain forward-looking informationand forward-looking statements (collectively referred to herein as “forward-looking statements”) within the meaning of applicableCanadian and U.S. securities laws. Forward-looking statements are based on Suncor’s current expectations, estimates, projectionsand assumptions that were made by the company in light of its information available at the time the statement was made and consider Suncor’sexperience and its perception of historical trends, including expectations and assumptions concerning: the accuracy of reserves and resourcesestimates; commodity prices and interest and foreign exchange rates; capital efficiencies and cost savings; applicable royalty ratesand tax laws; future production rates; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availabilityand cost of labour and services; and the receipt, in a timely manner, of regulatory and third-party approvals. In addition, all otherstatements and information about Suncor’s strategy for growth, expected and future expenditures or investment decisions, commodityprices, costs, schedules, production volumes, operating and financial results and the expected impact of future commitments are forward-lookingstatements. Some of the forward-looking statements and information may be identified by words like “expects”, “anticipates”, “will”, “estimates”, “plans”, “scheduled”, “intends”, “believes”, “projects”, “indicates”, “could”, “focus”, “vision”, “goal”, “outlook”, “proposed”, “target”, “objective”, “continue”, “should”, “may” and similar expressions.

Forward-looking statements in this news release includereferences to: the expectation that Suncor will continue to increase shareholder returns while accelerating our GHG emissionsreduction targets, growing our business in low greenhouse gas (GHG) fuels, electricity, and hydrogen, sustaining and optimizing ourbase business and transforming our GHG footprint to be a net-zero company by 2050; the belief that these goals are all enabled bySuncor’s expertise, long-life resources, integrated business model, strong connection to customers, and world-class ESGperformance; the belief that Suncor will help shape a profitable and sustainable energy future; the expectation that Suncor worktogether with communities, businesses, governments and organizations to achieve our shared economic, climate and social goals; andthe belief that Suncor’s current and ongoing work, as well as insights into future steps, will support the company inachieving its goals.

Forward-looking statements and information are not guarantees offuture performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some thatare unique to Suncor. Suncor’s actual results may differ materially from those expressed or implied by its forward-looking statements,so readers are cautioned not to place undue reliance on them.

Suncor’s Management’s Discussion and Analysis datedFebruary 23, 2022, its Annual Information Form, Form 40-F and Annual Report to Shareholders, each dated February 23, 2022, and otherdocuments it files from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions andother factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents areavailable without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3E3; by email request to invest@suncor.com;by calling 1-800-558-9071; or by referring to suncor.com/FinancialReports or to the company’s profile on SEDAR at sedar.comor EDGAR at sec.gov. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publiclyupdate or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development. production and upgrading, offshore oil and gas production, petroleum refining in Canada and the U.S. and the company’s Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging EV stations. Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor has been recognized for its performance and transparent reporting on the Dow Jones Sustainability index, FTSE4Good and CDP. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

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For more information about Suncor, visit our web site at suncor.com, follow us on Twitter @Suncor.

Media inquiries:

403-296-4000

media@suncor.com

Investor inquiries:

800-558-9071

invest@suncor.com