Powered for Tomorrow: 2019 Integrated Annual Report

As we embark upon a new decade of power generation, Capital Power has elevated its reporting and disclosures, delivered exceptional performance and set a strong foundation to deliver Responsible Energy for Tomorrow. We remain committed to creating dependable, cost-effective and innovative electricity solutions to power a low-carbon future for generations to come. Aligned with our sustainability focus, we are pleased to share our inaugural 2019 Integrated Annual Report. This report combines our financial,  environmental, social and governance (ESG) disclosures to provide a comprehensive view of our priorities and performance – and the best insight into our strategy for creating long-term value.

Our 2019 Integrated Annual Report provides a holistic view of our company’s performance, financial results and corporate social responsibility (CSR) activity. We’ve embraced this elevated level of reporting to meet the evolving expectations of our stakeholders and to provide in-depth insights based on their unique interests and informational needs. The report is accessible, in its entirety or by section, below.

“Capital Power is at the forefront of the world’s most critical, complex challenge – climate change. To meet the evolving expectations of our investors, employees, stakeholders and global community, we are proud to share our first Integrated Annual Report – openly disclosing our financial, environmental, social and governance performance.”
– Kate Chisholm, Senior Vice President, Chief Legal and Sustainability Officer



  • 2019 Integrated Annual Report
    Comprehensive financial, environmental, social and governance (ESG) disclosure
  • 2019 GRI Index
    Aligned with Global Reporting Initiative (GRI) Sustainability Reporting Standards (GRI Standards – Core Option)
  • 2019 ESG Table
    Environmental, social and governance (ESG) results, aligned with GRI Standards – Core Option and Sustainability Accounting Standards Board (SASB) standards
  • 2019 Sustainability Supplement
    Environmental, social and governance (ESG) priority topics, targets, management approach and disclosure
  • 2019 MD&A and Financials
    Management’s Discussion and Analysis and consolidated financial statements

*KPMG LLP provided independent, external assurance on select performance information contained within this report.



Our integrated report provides detailed results, strategy insights and stories from 2019, highlighting the dedication of our employees to deliver Responsible Energy for Tomorrow. Additionally, this report highlights our five sustainability targets (Page 22) launched in 2019. Click on the links below to learn more about each topic:

Managing Our
Business Responsibly
(Page 25)

We view sustainability as a common-sense approach to business. By doing what’s right, even when it’s not the easy choice, we strengthen our business, our reputation and our ability to create and protect long-term value. Topics in this section include:

  • Ethics and Integrity
  • Our People
  • Diversity and Inclusion
  • Health and Safety
  • Cyber and Asset Security
  • Sustainable Sourcing

Embracing a
Low-Carbon Future
(Page 32)

We recognize climate change as one of the major challenges of our time – the primary theme driving the energy industry for the foreseeable future. Our strategy embraces the transition to a low-carbon economy and sets a goal of being a leader in the production of reliable, cleaner power. Topics in this section include:

  • Climate Change
  • Innovation

Becoming a Neighbour
of Choice
(Page 39)

We strive to be a Neighbour of Choice in the communities in which we operate, and earn our place as a respected community member. The long-term nature of our operations gives us the opportunity to build strong relationships and grow with our neighbours. Topics in this section include:

  • Community Engagement
  • Indigenous Engagement
  • Community Investment

Caring for our Planet
(Page 35)

We believe in our industry’s ability to promote environmental stewardship and our duty to ensure that today’s efforts to power the planet do not come at a future cost. Topics in this section include:

  • Water Use and Management
  • Land Reclamation and Biodiversity
  • Advancing Our Wind Facility Expertise

Corporate Governance
(Page 20)

We believe effective corporate governance supports our ability to address risk, capitalize on opportunities and create long-term shareholder value. Topics in this section include:

  • Risk Management
  • Sustainability Governance

Sustainability Targets
(Page 22)

We announced five sustainability targets related to climate change in 2019, which we will be reporting on publicly in the coming years.

2019 Climate Change Disclosure Report (TCFD)

In addition to our 2019 Integrated Annual Report, we have also released our 2019 Climate Change Disclosure Report, titled “Powering a Resilient Future”. This disclosure is aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

View The Report

Snapshot 2019: Delivering exceptional results



  • $3,101 million in shareholder equity


  • *$33.7 million invested in innovation since inception (GPS, C2CNT)


  • 24,527 GWh in energy generated


  •  $482 million invested in new generation projects
  • 4,039 suppliers


  • 5 health and safety audits
  • 825 employees
  • 17,881 hours invested in employee training



  • $1,713 million in revenues and other income
  • $190 million paid out as dividends to Capital Power common shareholders
  • $30 million in income taxes paid
  • *$1.3 million in community investments


  • Completed 3rd year of GPS, on track to improve efficiency at Genesee by 12% by 2021
  • Proceeding with plans to build the Genesee Carbon Conversion Centre (GC3)


  • $3.3 million in coal ash sales, diverting waste from landfill and using it as a valuable material for concrete production
  •  3.8M GJ of energy saved by energy efficiency


  • $810 million in goods and services purchased from international, national, regional and local suppliers


  • *33% women in executive leadership positions
  • $167 million in salaries, benefits and other compensation