TORONTO, June 8, 2012 /CNW/ - Hydro One announced today that it is has
been named one of Canada's top ten Corporate Citizens in Corporate
Knights Magazine's annual ranking of the best 50 corporate citizens in
the country. Corporate Knights Inc. is an independent Canadian-based
media company that publishes the world's largest circulation magazine
with an explicit focus on corporate responsibility.
Hydro One also ranked first in Canada for corporate citizenship among
utilities. The annual Best 50 Corporate Citizens in Canada ranking
survey follows a review of significant Canadian companies across 10
core environment, social, governance indicators as well as a relative
core business impact score. Indicators include diversity, environmental
stewardship and governance indicators such as board independence,
amongst others. Corporate Knights defines ranked companies as companies
that fulfill their part of the social contract, while providing
innovative solutions to pressing social and environmental challenges of
"As the steward of Ontario's transmission system and largest electricity
distribution system, we take our role in the communities we serve very
seriously and we are pleased to be recognized by Corporate Knights
Magazine as one of Canada's leading corporate citizens for the sixth
consecutive year," said Laura Formusa, President and CEO, Hydro One.
"Hydro One and all its employees are proud to contribute to Ontario
communities as responsible corporate citizens."
Hydro One delivers electricity safely, reliably and responsibly to homes
and businesses across the province of Ontario and owns and operates
Ontario's 29,000 kilometre high-voltage transmission network that
delivers electricity to large industrial customers and municipal
utilities, and a 121,000 kilometre low-voltage distribution system that
serves about 1.4 million end-use customers and smaller municipal
utilities in the province. Hydro One is wholly owned by the Province of
SOURCE Hydro One Inc.
For further information:
please contact Hydro One Media Relations 24 hours a day at 1-877-506-7584 (toll-free in Ontario only) or 416-345-6868. Our website is www.HydroOne.com. Corporate Knights Magazine's 2012 social citizenship rankings can be viewed at www.corporateknights.ca