Responsible Energy for Tomorrow
Our goal is to be net carbon neutral by 2050. We are committed to staying ahead of the curve and acting as a leader within our industry when it comes to sustainability and environmental, social, and governance (ESG) practices.
It is our responsibility to do our part to help society meet the long-term challenges facing our planet. These are essential actions to ensure we’re making meaningful contributions to our world. Sustainability is an integrated and holistic practice for us, and we work to ensure our business decisions support a sustainable future for our environment, communities, people, operations and shareholders.
Our Sustainability Targets:
- Achieve net carbon neutrality by 2050
- Construct all new natural gas generation units to be carbon capture and/or hydrogen ready
- Reducing Scope 1 CO2 emissions at Genesee by 50% by 2030 from 2005 levels
- Reducing Scope 1 CO2 emissions by 10% by 2030 from 2005 levels, based on our 2019 fleet1
- Reducing Scope 1 CO2 emission intensity by 65% by 2030 from 2005 levels1
- Invest in carbon capture and utilization technology to help us achieve net carbon neutrality by 2050 and eventually physically decarbonize our natural gas fleet (ongoing)
- Complete the Genesee Carbon Conversion Centre in the first half of 2022
- Enhanced sustainable sourcing plan (2021)
- Enhanced water management plan (2021)
- Target of at least 30% women on the Board and Executive Team
1 Our policy is to recalculate our base year emissions for any significant impacts as a result of changes in calculation methodologies and major acquisitions or divestments.
To learn more about our long-term sustainability strategy and performance, view our 2020 Integrated Annual Report.
We Are Focused On:
- Climate change and carbon footprint: Continuous improvement ,innovation, dialogue and action to reduce emissions and create a low-carbon energy future are critical across the energy industry.
- Innovation: This is the key to creating responsible, sustainable energy for future generations. This includes both investment in and support for new technologies as well as innovative thinking and approaches to existing systems and processes.
- Water management: Water is a shared and precious resources. We are developing a water management strategy to minimize our water use impact through technological innovation and sustainable water management best practices.
- Sustainable sourcing: We will be holding ourselves accountable and asking others to do the same through the products and services we purchase.
- Appointed a Chief Sustainability Officer, Kate Chisholm.
- Added sustainability to the board’s mandate.
- Established a cross-functional Sustainability Committee, led by our Chief Sustainability Officer.
- Engaged directly with our key stakeholders to identify key sustainability priorities.
- Integrated ESG into our strategy and embedded ESG factors into our decisions making.