Hydro One Receives Prestigious Sustainable Electricity Company™ Designation
OTTAWA, Ontario – January 14, 2015. The Canadian Electricity Association (CEA) announced today that it has designated Hydro One Networks Inc. (“Hydro One”) a Sustainable Electricity Company™ for its commitment to sustainable business practices.
Hydro One, only the fourth electricity company to receive this designation, is the largest electricity transmission and distribution company in Ontario, with $21.6 billion in total assets.
The Sustainable Electricity Company™ designation, established by CEA for utilities across Canada, acknowledges success against the three foundational pillars of sustainability – environmental, social and economic performance. It requires utilities to establish an Environmental Management System consistent with the ISO 14001 standard and meet the actions and expectations under the ISO 26000 Guidance on Social Responsibility. As part of the designation process, applicants must also pass a third-party verification to ensure adherence to the brand criteria and take further corrective actions where warranted.
“This designation is a reflection of Hydro One’s unwavering commitment to integrating sustainable business practices into its operations and activities,” said Jim R. Burpee, President and CEO of the Canadian Electricity Association. “Addressing sustainability challenges is critical in today’s dynamic energy environment, and I applaud the achievements of Hydro One management and staff.”
“We are proud to receive this designation from the Canadian Electricity Association,” said Carmine Marcello, President and CEO of Hydro One. “It recognizes the outstanding job our employees do in delivering electricity in a socially responsible and sustainable manner and in meeting the high expectations of our customers and the people of Ontario.”
“Canada’s electricity sector is at a critical stage in its history, requiring continued innovation and adaptation,” said Mike Harcourt, 30th Premier of British Columbia and the current Chair of the CEA Public Advisory Panel. “Hydro One exemplifies the sector’s commitment to sustainable business practices and corporate responsibility. I look forward to seeing more utilities achieving this designation in 2015.”
For more information about the Sustainable Electricity Company™ designation, please visit: www.SustainableElectricityCompany.ca.
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