Diversity is the scope of differences. Inclusion is involvement and action.
We believe that our ability to execute our strategy and maximize shareholder value is achieved by bringing together talented employees from diverse backgrounds, on an inclusive basis, to work collaboratively to meet the challenges and capture the opportunities of our business. We strive to develop diverse and unified teams who collectively make better decisions and ultimately, deliver outstanding performance.
We recognize that a diverse and inclusive work environment is also more engaging and fulfilling. By leveraging existing and future diversity, consciously fostering open mindedness and avoiding “groupthink”, and being aware of hidden biases, we are committed to providing a stimulating, innovative and supportive work environment for all employees to thrive, do their best work and build their careers.
Capital Power is committed to fostering a culture where diversity and inclusion is an element that is woven into the fabric of who we are, a key value and a means to grow and succeed.
Here are some examples of how we’re making Diversity and Inclusion part of our everyday operations at all levels of the company:
Board of Directors Diversity:
- Our Board currently has four female directors representing nearly half of our directors.
- The Board Diversity Policy was amended in 2017 as follows:
- At least 50% of the slate of director candidates presented to the CGCN Committee in every search for new directors must be women, and extra weight will be given to qualified female candidates in final nomination decisions.
- A goal of 30% was established for the minimum representation of women on both our board and executive team.
- Annually, the CGCN Committee is required to consider the balance of skills, experience, independence, knowledge of Capital Power, and diversity as part of the performance review of the Board, its committees, and individual directors. The Board Diversity Policy has been integrated with other board processes, including board assessment and succession planning.
- The effectiveness of the Board Diversity Policy will be measured based on our goal of women representing at least 30% of our directors, and the policy will be examined in rotation by our internal audit department as part of their rotating audit of all corporate policies approved by the board.
Our goal with respect to recruiting executives is to have women represent at least 30% of our executive team. We will recruit candidates who best fulfill the needs giving extra weight to any women who meet the criteria. There are currently two female executives who represent one third of our executive team.
We have an Executive-sponsored and employee-led Diversity and Inclusion Committee that is responsible for developing a company-wide strategy for integrating and embedding diversity and inclusion across our culture and work environment, including appropriate initiatives and metrics for the short and long-term. The results of two employee surveys, one completed as part of our company-wide engagement survey and one specific to diversity and inclusion led by KPMG, were used to guide the Committee in its efforts. We promote and continually work to build an inclusive, engaged and diverse culture in which individual differences and the contributions of all employees are recognized and valued. This fosters creative thinking, innovation and problem solving which give us the competitive advantage we need to consistently meet and exceed our business goals.
Capital Power completes acquisition of Buckthorn Wind and receives tax equity financing for Cardinal Point Wind
Capital Power announced today that it has successfully completed the acquisition of Buckthorn Wind from private investors. Buckthorn Wind is a 100.5 megawatt wind facility that is located in Erath ...
Message from Brian Vaasjo, CEO and President
Capital Power's Response to COVID-19: A Message from Brian Vaasjo, CEO and President
Capital Power adds 250 megawatts of long-term contracted wind generation to its renewable portfolio
Capital Power announced today that it has entered into an agreement to acquire a 100% ownership interest in Buckthorn Wind, a 100.5 megawatt wind facility, from private investors.
Capital Power named one of the 2020 World’s Most Ethical Companies® by Ethisphere
Second recognition highlights company’s leadership on ethics and compliance practices
Capital Power has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Compani...
Powering a Resilient Future: 2019 Climate Change Disclosure Report
Our 2019 Climate Change Disclosure Report, aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, discusses our governance, processes and strategies for addres...
Capital Power reports excellent fourth quarter and year-end 2019 results
Excellent year highlighted by record cash flow generation
Capital Power today released its financial results for the quarter ended December 31, 2019. Results outline excellent year highlighted by record cash flow generation.
Capital Power Announces Brian Vaasjo to Remain President and Chief Executive Officer
The Board of Directors of Capital Power is pleased to announce that Brian Vaasjo will remain as President and Chief Executive Officer of the Company.
Capital Power announces approval of normal course issuer bid for purchase of up to 10.5 million of its common shares
The Toronto Stock Exchange (TSX) has approved Capital Power Corporation's ("Capital Power" or "the Company") (TSX: CPX) normal course issuer bid ("NCIB") to purchase and cancel up to 10,513,532 of ...
Capital Power declares dividends for its Common and Preference shares
The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.48 per share on the outstanding common shares for the quarter ending March 31, 2020. The di...
Capital Power selected as one of Alberta’s Top Employers for the fifth year in a row
Capital Power has been recognized as one of Alberta’s Top Employers for 2020, marking a fifth year of recognition from Canada’s Top 100 Employers for our employee programs. Capital Power is proud t...