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July 28, 2021
2 min. read
Doing our part to tackle climate change, diversity in our workforce and support Indigenous businesses and communities
Our mission to energize life for Ontarians means committing to a more sustainable future for generations to come. We’re proud to share our sustainability commitments to do our part in building a better and brighter future for all.
“At Hydro One, we recognize the vital role we play in energizing life for Ontarians. As a transmission and distribution company, Hydro One is uniquely positioned to facilitate the transition towards a low-carbon economy. We are a sustainable company and we are taking action now to stand for people, the planet and communities and build a sustainable future for our grandchildren and great-grandchildren.”
Mark Poweska, President & CEO, Hydro One
We are focused on three priority areas where we believe we can make the greatest impact.
Climate Change and Extreme Weather
We’re committed to achieving net-zero greenhouse gas (GHG) emissions by 2050, with a target to achieve a 30% GHG emissions reduction by 2030.
We’re also committed to greening our fleet by converting all of our light-duty gasoline-powered vehicles (sedans and SUVs) to electric vehicles and hybrids by 2030, with 50% converted by 2025.
Indigenous and Community Partnerships
We will continue to support the Indigenous economy by increasing our Indigenous procurement spend to 5% of the company’s purchases of materials and services by 2026.
At least 20% of our corporate donations and sponsorships will be directed to Indigenous communities or to initiatives that benefit Indigenous communities.
We’re committed to achieving 3.5% Black executives and board directors and 5% student hires by 2025, as part of the BlackNorth Initiative Pledge.
As a signatory of the Catalyst Accord, at least 30% of our executives and board members will be individuals who identify as women.
“Hydro One’s net-zero commitment is a great example of the kind of bold and ambitious action needed to address climate change and protect our environment for future generations. I commend Hydro One for helping Ontario achieve its emissions reduction targets, because clean, green growth is our province’s way forward.”
David Piccini, Minister of the Environment, Conservation and Parks
“The Ontario Chamber of Commerce is proud to support Hydro One in its commitment to building a more sustainable and inclusive province. Today’s announcement speaks to the importance of working collectively and taking leadership to address critical issues facing Ontarians, including the climate crisis, employment diversity, and economic reconciliation with Indigenous communities. Ontario’s business community is committed to building a more diverse and sustainable future, and our energy sector is rich with solutions that are win-win for both the environment and the economy.”
Rocco Rossi, President and CEO, Ontario Chamber of Commerce
Read our full sustainability report here.
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July 26, 2021
July 12, 2021
1 min. read