Report follows Global Reporting Initiative's G4 guidelines
TORONTO, Aug. 17, 2014 /CNW/ - Toronto Hydro launched our seventh Corporate Responsibility report in accordance with Global Reporting Initiative's (GRI) G4 sustainability reporting guidelines. The report documents Toronto Hydro's sustainability progress in several key areas, including our business operations, workforce, environmental footprint and community outreach.
This is Toronto Hydro's first G4 report, which builds upon a series of sustainability initiatives over the last couple of years. In 2013, Toronto Hydro was certified as meeting the requirements of ISO 14001-2004 and OHSAS 18001-2007, internationally-recognized standards for environmental safety management systems. In June 2014, we earned the Sustainable Electricity CompanyTM designation from the Canadian Electricity Association.
Our 2014 report, Bringing Energy to Life, is available for download at torontohydro.com/responsibility.
- In 2014, Toronto Hydro Corporation achieved $112.5 million net income and paid $60.6 million in dividends to the City of Toronto
- Since 2007, we have improved the average number of outages by 31% and the average duration of interruptions by 26%
- We achieved 1,424 GWh of electricity savings and 174.8 MW of summer peak demand savings from 2011- 2014 provincial conservation programs
- Toronto Hydro has reduced recordable injuries by 82% since 2007
- In 2014, Toronto Hydro invested approximately $585.5 million in capital expenditures primarily to renew and upgrade our distribution grid
"We're proud to be publishing a Corporate Responsibility report in accordance with GRI G4 guidelines. This underscores our commitment to sustainability and our desire for continuous improvement and transparency."
- Anthony Haines, President and CEO, Toronto Hydro Corporation
ABOUT TORONTO HYDRO
Toronto Hydro owns and operates an electricity distribution system, which delivers electricity to approximately 740,000 customers located in the city of Toronto. It is the largest municipal electricity distribution company in Canada and distributes approximately 18% of the electricity consumed in the province of Ontario.
SOURCE Toronto Hydro Corporation