EDMONTON, Alberta – For the sixth consecutive year, Corporate Knights has named Capital Power to its list of the Best 50 Corporate Citizens in Canada. Capital Power ranked 38th overall and first in the Independent Power and Renewables Category.
“We are honored to once again be named by Corporate Knights as one of Canada’s Best 50 Corporate Citizens,” said Brian Vaasjo, President and CEO of Capital Power. “We are committed to strengthening the communities where we live, work and operate, and we are investing in the power generation our communities need to make the transition to a cleaner future, and power economic growth.”
This recognition demonstrates Capital Power’s ongoing performance across a variety of sustainability indicators, and our commitment to corporate responsibility and transparency in reporting. Since 2011, Capital Power’s owned renewable energy capacity has increased from under 1% in 2010 to 25% in 2016. Through our community investment program, Capital Power invested $1.17 million in 2015 in supporting communities where we operate. Thanks to leaders and employees committed to operational excellence and high maintenance standards to produce power efficiently, reliably and safely, Capital Power’s operations achieved 95% plant availability in 2015, exceeding a 94% target. With a continued focus on being safe and environmentally responsible, in 2015 our people achieved their best safety and environmental-incidents performance to-date.
The methodology for the 2016 Best 50 Corporate Citizens of Canada is based on 12 key performance indicators (KPIs) covering resource, employee and financial management. Among others, they include:
- Energy productivity
- Carbon productivity
- Innovation capacity
- Safety performance
- Leadership diversity
The Best 50 has celebrated Canada’s corporate sustainability leaders since 2002, with a methodology that is globally recognized as a best practice for transparency and objectivity. Corporations do not apply to be included on this list, but are instead ranked based on information that has been reported in the public domain.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns more than 3,200 megawatts of power generation capacity at 18 facilities across North America. More than 700 megawatts of owned generation capacity is in advanced development in Alberta and Kansas.