Utility recognized for its sustainability performance
TORONTO, June 7, 2017 /CNW/ - Last night, Toronto Hydro was recognized as the top-ranked company on Corporate Knights' fourth annual Future 40 Responsible Corporate Leaders in Canada list. This marks the third time we've been named to the list since Corporate Knights began publishing the ranking in 2014.
The 2017 Future 40 recognizes our sustainability achievements, including the roll out of our climate change adaptation road map in 2015, and a reduction in our carbon footprint in recent years, including a 24% decrease between 2014 and 2015.
The ranking also highlights our recent efforts to replace aging infrastructure, install solar PV projects on municipally-owned buildings and move forward with innovative energy storage projects such as Hydrostor, the world's first underwater energy storage system.
To determine the rankings, Corporate Knights evaluated firms against industry peers across 14 key performance indicators, including carbon productivity, CEO to average worker pay ratio, per cent of taxes paid and safety records.
To learn more about the 2017 Future 40 methodology, and to view this year's complete list, please visit http://www.corporateknights.com/reports/future-40/.
- Corporate Knights is a Toronto-based media and financial research firm, and includes the award-winning business and society magazine Corporate Knights
- The Future 40 is the only ranking that measures the sustainability performance of mid-sized organizations in Canada.
- Toronto Hydro has been named to the Future 40 list three times: in 2017 (#1), 2015 (#13) and 2014 (#25)
- Toronto Hydro is one of three electricity companies in Canada to be recognized as a Sustainable Electricity Company™ by the Canadian Electricity Association (CEA)
"Thank you to Corporate Knights for this honour and for promoting a more sustainable future. We're proud of our achievements in sustainability as an industry, as an employer in Toronto and as a leader in conservation and demand management in Ontario."
- Anthony Haines
ABOUT TORONTO HYDRO
Toronto Hydro owns and operates the electricity distribution system for Canada's largest city. A leader in conservation and demand management, it has 764,000 customers located in the city of Toronto and distributes approximately 18% of the electricity consumed in Ontario.
SOURCE Toronto Hydro Corporation
For further information: Tori Gass, Communications and Public Relations, 416-903-4037, firstname.lastname@example.org; 24-hour media line: 416-903-6845, email@example.com