TORONTO, June 23 /CNW/ - Hydro One announced today that it is has been named one of Canada's top five 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 118 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 our time.
"Hydro One and all its employees are proud to contribute to Ontario communities as a responsible corporate citizen, be it through our employee diversity initiatives, our energy conservation initiatives or our PowerPlay Program in support of safe and healthy youth recreation," said Laura Formusa, President and CEO, Hydro One. "As the steward of Ontario's transmission system, we take our role in the community very seriously and we are pleased to be recognized by Corporate Knights Magazine as one of Canada's leading corporate citizens."
Hydro One's social responsibility initiatives include:
- Encouraging environmentally sound choices, with our own award-winning
Green Fleet program to save fuel in all our vehicles, and by helping
our customers save more than 450 million kilowatt hours last year
alone through conservation and demand management programs.
- Supporting the communities in which we live and work by contributing
to the Winter Warmth program, which provides funds to Ontario
families who need help with winter heating bills and by helping to
build baseball diamonds and skating rinks through our PowerPlay
- Hydro One's Employees' & Pensioners' Charity Campaign which results
in donations to more than 1,600 charitable organizations across the
- Celebrating and supporting a diverse workforce by ensuring the people
we hire are a reflection of the people of this province. Hydro One's
Summer Student Outreach Program sets aside 10 per cent of available
summer positions to go to First Nations and Métis students in
- The William Peyton Hubbard Memorial Award sponsors two annual awards
for outstanding students of African descent who are attending an
Ontario college or university. The awards are in honour of William
Peyton Hubbard, Toronto's first alderman, controller and acting mayor
of African descent.
- The Hydro One Aboriginal Scholarships that support First Nations and
Métis students living in Ontario who are studying in a field that
could lead to a career in the energy sector.
- Being an employer of choice. Hydro One offers mentorship programs, an
award-winning employee and family assistance program, an annual
Employee Engagement survey and provides flexible working
arrangements, maternity, and parental benefits.
- Investing in Ontario universities and colleges to produce our future
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 123,000 kilometre low-voltage distribution system that serves about 1.3 million end-use customers and smaller municipal utilities in the province. Hydro One is wholly owned by the Province of Ontario.
SOURCE Hydro One Inc.
For further information: 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 2010 social citizenship rankings can be viewed at www.corporateknights.ca