OPG reviews on Environmental, Social, and Governance efficiency


Highlights progress on local weather change, ED&I, and Reconciliation

TORONTO, Aug. 18, 2022 /CNW/ – Ontario Energy Era (OPG) has launched its inaugural Environmental, Social, and Governance (ESG) Report, outlining the corporate’s 2021 ESG efficiency and practices, together with its industry-leading local weather change initiatives, progress towards changing into a extra equitable, inclusive, and various employer, in addition to the actions underway as a part of its Reconciliation Motion Plan.

Not too long ago authorized by OPG’s Board of Administrators, the report additionally highlights the big selection of direct and oblique contributions to the province’s economic system, group wellbeing and social material. Different key parts lined beneath the ESG pillars embrace:

  • How OPG is main the clear vitality transition via energy era, new expertise growth, electrification initiatives, and operational excellence, whereas making certain robust environmental safety and enhancement, and biodiversity stewardship;
  • How OPG works to be a security chief and a trusted accomplice, neighbour, advocate, employer, and steward of sources;
  • How the corporate conducts itself with honesty and integrity, carries out enterprise with transparency, protects crucial infrastructure, and ensures diligent oversight of programs and processes.

Fast information

The report is predicated on a snapshot in time, overlaying the 2021 calendar yr, however contains hyperlinks to www.opg.com the place present information, efficiency, and real-life tales might be accessed and are repeatedly up to date.

A lot of OPG’s priorities in ESG areas are specified by plans launched over the previous two years, together with:

  • OPG’s Local weather Change Plan, launched in 2020, an formidable blueprint which units out two targets: to develop into a net-zero firm by 2040 and assist the economies through which OPG operates obtain net-zero by 2050;
  • OPG’s Reconciliation Motion Plan, which guides OPG’s work with Indigenous communities, companies and organizations to advance Reconciliation in a significant manner, together with a dedication to develop our financial impression for Indigenous communities and companies to $1 billion over the subsequent 10 years; and,
  • OPG’s ED&I Technique, which outlines OPG’s objective to develop into certainly one of Canada’s finest range employers by 2023 and a world chief in ED&I finest practices by 2030. Whereas a lot work stays, OPG has made progress throughout the group, together with on the management tables: at the moment greater than 60 per cent of the corporate’s Board of Administrators and 50 per cent of its government group are made up of leaders representing designated teams, together with girls and racialized individuals.

Quotes

“Guaranteeing robust ESG efficiency isn’t just a precedence for OPG – it is a core worth,” stated OPG Board Chair Wendy Kei. “That is why we have built-in ESG ideas into our company technique, enterprise mannequin, threat administration framework, coverage necessities and efficiency targets. That is how OPG will assist tackle the problem of our lifetime – local weather change – whereas making certain OPG stays a sustainable, socially accountable, and useful firm for communities and Indigenous companions.”

“OPG takes nice satisfaction in producing dependable, clear and low-cost electrical energy in a secure and sustainable method,” stated President and CEO Ken Hartwick. “This report particulars how we do this whereas persevering with our journey to changing into a extra equitable, inclusive, various and socially accountable firm. This isn’t simply good enterprise – it is the inspiration to constructing a brighter tomorrow.”

“Whereas OPG has vital, ongoing initiatives that incorporate ESG into our enterprise and company technique, we have additionally integrated ESG practices into our on a regular basis decision-making,” stated Carlton Mathias, OPG’s incoming Chief Authorized, ESG and Governance Officer. “The corporate has made good strides however there’s a lot work nonetheless to be completed and we’re dedicated to being clear on our progress.”

About OPG

As a local weather change chief and the biggest electrical energy generator within the province, OPG and its household of corporations are serving to lead the cost to a post-carbon economic system.

SOURCE Ontario Energy Era Inc.

For additional info: Ontario Energy Era, 416-592-4008 or 1-877-592-4008, Observe us @opg



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