Diversity is the scope of differences. Equity and inclusion are involvement and action.
Here are some examples of how we’re making Equity, Diversity and Inclusion part of our everyday operations at all levels of the company:
Board of Directors:
- Since 2014, women on our Board has risen from 9% (1 woman out 11 Board members) to 44% (4 women out of 9 Board members) currently.
- The Board Diversity Policy allows that:
- At least 50% of the slate of director candidates presented to the People, Culture, and Governance 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 People, Culture, and Governance 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. We have three female executives, which represents 43% of our executive team.
“A focus on equity, diversity and inclusion is imperative to ensure we have the very best people on our team. After all, you can’t get the absolute A-team if you’re only hunting from a portion of the talent pool and you won’t successfully harness the full power of your A-team if you aren’t including them in decision making. Likewise, you won’t maintain a diverse and inclusive team if you aren’t offering equal pay and equal access to opportunities.”
Our People Services group 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, guide these efforts. We know we have work to do and we’re committed to the journey.
Increasing Learning and Awareness
- In 2019, our leadership team and Diversity & Inclusion Committee members participated in Unconscious Bias and Inclusivity training based on the Men Advocating Real Change (MARC) program developed by Catalyst.
- In 2020, this training was rolled out to employees. As part of powering a sustainable future, we are working to develop our future leaders and strengthen the diversity of our workforce with an eye on gender parity.
Our Steps Forward
- In 2020, we added a requirement, which is a component of the executive incentive plan, to have qualified diverse candidates presented for interviews for open positions, increasing the opportunity for diversity balance at all levels of the organization.
- For 2021, we added another requirement – a commitment to increase the number of qualified female hires and improve gender balance at our organization.
- We also joined Equal by 30 in 2020 – a campaign to demonstrate our commitment to gender equity as an integral part of the global transition to clean energy. This initiative believes gender equality is essential to successful clean energy transformation and asks the public and private sectors to endorse principles, set commitments, and take concrete actions to support women in energy and help close the gender gap. More than simply a campaign – Equal by 30 is a commitment to work towards equal pay, equal leadership, and equal opportunities for women in the clean energy sector by 2030.
Capital Power advances carbon capture project at Genesee
Partnering with Mitsubishi Heavy Industries Group and Kiewit Energy Group to capture 3 million tonnes of CO2 per year
Capital Power has partnered with Mitsubishi Heavy Industries Group (“MHI Group”) and Kiewit Energy Group (“Kiewit”) on a front-end engineering and design (FEED) study for the Genesee CCS Project (t...
Capital Power announces Board appointment
Jill Gardiner, Chair of the Board for Capital Power is pleased to announce the appointment of Gary Bosgoed to the Company’s Board of Directors effective June 1, 2022.
Capital Power announces a 4.5-year contract renewal for Island Generation
Capital Power announced today the execution of a 4.5-year Electricity Purchase Agreement (EPA) through October 2026 for its Island Generation facility with BC Hydro. The EPA is subject to regulator...
Capital Power reports voting results from the 2022 annual meeting of shareholders
The annual meeting of shareholders for Capital Power Corporation was held on April 29, 2022 in Edmonton, Alberta. Each of the matters voted upon at the annual meeting is discussed in detail in the...
Capital Power reports strong first quarter results
2022 financial results expected to meet or exceed upper ends of guidance ranges
Capital Power released financial results for the quarter ended March 31, 2022.
Capital Power declares dividends for its Common and Preference shares
The Board of Directors for Capital Power declared a dividend of $0.5475 per share on the outstanding common shares for the quarter ending June 30, 2022. The dividend is payable on July 29, 2022 to ...
Capital Power announces dates for release of its first quarter 2022 results and annual meeting of shareholders
Capital Power will release its first quarter 2022 results before the markets open on May 2, 2022. Management will host a conference call with analysts on the same day at 9:00 a.m. MDT (11:00 a.m. E...
Strathmore Solar begins commercial operations
Local sheep from Whispering Cedars Ranch to graze at Capital Power’s first Canadian solar facility
Capital Power's first Canadian solar facility is now operational. The 41-megawatt (MW) Strathmore Solar facility, located on 320 acres of leased industrial land owned by the Town of Strathmore, was...
MEGlobal and Capital Power Announce a 10-year Renewable Energy Agreement
MEGlobal Canada moving to 100% Renewable Energy for its Alberta sites
MEGlobal Canada ULC (MEGlobal) has entered into a 10-year agreement with Capital Power to purchase a significant share of renewable energy (126 megawatts) from Capital Power’s Whitla Wind1 facility...
Capital Power named one of the 2022 World’s Most Ethical Companies® by Ethisphere
Ethics, compliance and governance practices honoured for the fourth straight year
Capital Power has been recognized by the Ethisphere Institute as one of the 2022 World’s Most Ethical Companies®. This recognition honours companies demonstrating exceptional leadership and a commi...