Equity, Diversity and Inclusion

Diversity is the scope of differences. Equity and inclusion is 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.

Executive Team:

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 three female executives who represent 43% of our executive team.

Workforce:

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 know we have work to do and we’re committed to the journey. 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.

As part of powering a sustainable future, we’re working to develop our future leaders and strengthen the equity and diversity of our workforce with an eye on gender parity.

What's New

Media Releases
Capital Power announces conversion results for its Preferred Shares (Series 1)

Capital Power announced today that after having taken into account all Election Notices following the December 16, 2020 conversion deadline, in respect of the Cumulative Rate Reset Preference Share...

Media Releases
Capital Power accelerating plans towards a low carbon future
Repowering Genesee 1 and 2, off-coal in 2023; advancing renewables growth strategy including Enchant Solar project and 25-year contract for Strathmore Solar

12th annual Investor Day event being held in a virtual format today, Capital Power will provide updates on the execution of its growth and sustainability strategy including the repowering of its Ge...

Media Releases
Capital Power provides notice of Preferred Shares (Series 1) conversion privilege and dividend rate notice

Capital Power announced today that it has notified registered shareholders of its Cumulative Rate Reset Preference Shares, Series 1 (Series 1 Shares) (TSX: CPX.PR.A) of the Conversion Privilege and...

News and Stories
Supporting world-leading children’s healthcare in Alberta

At Capital Power, we care about our communities and are passionate about giving back to causes close to our hearts. On November 30, 2020, we’re joining our community partner the Stollery Children’s...

Media Releases
Capital Power to host virtual Investor Day event

Capital Power will be hosting its 12th annual Investor Day event on December 3, 2020.

Media Releases
Capital Power reports strong third quarter 2020 results highlighted by 10-year contract extension for Decatur Energy
Continued growth in contracted renewables with new solar projects in the U.S.

Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended September 30, 2020.

Media Releases
Capital Power declares dividends for its Common and Preference shares

Capital Power) declared a dividend of $0.5125 per share on the outstanding common shares for the quarter ending December 31, 2020. The dividend is payable on January 29, 2021 to shareholders of rec...

Media Releases
Capital Power executes 20-year contracts for three solar development projects in North Carolina totaling 160 megawatts

Capital Power announced today the execution of 20-year power purchase agreements with Duke Energy Carolinas for three solar development projects located in North Carolina totaling 160 megawatts (MW...

Media Releases
Capital Power to release third quarter 2020 financial results and hold analyst conference call on November 2

Capital Power will release its third quarter 2020 results before the markets open on November 2, 2020. Management will host a conference call with analysts on the same day at 9:00 a.m. MT (11:00 a....

News and Stories
Advancing our commitment to gender equality with Equal by 30

At Capital Power, delivering Responsible Energy for Tomorrow means advancing the participation of women in energy and closing the gender gap. Our Diversity and Inclusion (D&I) Committee is proud to...