TORONTO, Sept. 10, 2020 /CNW/ - Today, Hydro One joined
the select group of Canadian companies recognized by the Canadian
Council for Aboriginal Business (CCAB) for their commitment to
building lasting, strong and mutually beneficial relationships with
Indigenous communities. The company advanced from its Bronze level
certification in 2017 to a Silver level recognition this year by
the CCAB in Progressive Aboriginal Relations (PAR). As part of the
PAR Program, companies must recertify every three years. Hydro
One's emphasis on sustainability and building lasting partnerships
with Indigenous communities has been instrumental in achieving the
Silver level certification.
"We are proud to be recognized as a Silver level organization in
Indigenous Relations and a trusted partner in advancing
reconciliation and building relationships based on understanding,
respect and trust," said Imran
Merali, Vice President, Indigenous Relations and Customer
Service, Hydro One. "By working alongside Indigenous communities,
building a more diverse workforce and advancing our sustainability
goals, we will continue to aim for a Gold certification to build a
better and brighter future for all."
As part of its commitment to building lasting, strong and
mutually beneficial relationships with Indigenous communities,
Hydro One has:
- Contributed to the growth and development of Indigenous
businesses by procuring $41.3M of
goods and services in 2019, the highest spend to date;
- Partnered with Indspire to provide educational and training
opportunities to Indigenous youth and expanded Hydro One's Leonard
S. (Tony) Mandamin Scholarship;
- Collaborated with Indigenous communities on projects that
provide long-term community benefits;
- Invested in Indigenous community initiatives to help build safe
communities.
The PAR Program provides a high level of assurance through the
independent, third-party verification of company reports on
measurable outcomes and initiatives in four performance areas:
Leadership Actions, Employment, Business Development, and Community
Relationships. These verified reports are then reviewed by an
independent jury of Aboriginal business people who assign the final
certification level.
More details of Hydro One's sustainability priorities and
achievements can be found at:
https://www.hydroone.com/sustainability.
Hydro One Limited (TSX: H)
Hydro One Limited, through
its wholly-owned subsidiaries, is Ontario's largest
electricity transmission and distribution provider with
approximately 1.4 million valued customers,
approximately $27.1 billion in assets as at December
31, 2019, and annual revenues in 2019 of approximately $6.5
billion. Our team of approximately 8,800 skilled and dedicated
employees proudly build and maintain a safe and reliable
electricity system which is essential to supporting strong and
successful communities. In 2019, Hydro One invested
approximately $1.7 billion in its transmission and
distribution networks and supported the economy through buying
approximately $1.5 billion of goods and services. We are
committed to the communities where we live and work through
community investment, sustainability and diversity initiatives. We
are designated as a Sustainable Electricity Company by the Canadian
Electricity Association. Hydro One Limited's common shares are
listed on the TSX and certain of Hydro One Inc.'s medium term notes
are listed on the NYSE. Additional information can be accessed
at www.hydroone.com; www.sedar.com or www.sec.gov.
Forward-Looking Statements and Information:
This press
release may contain "forward-looking information" within the
meaning of applicable securities laws. Words such as "expect,"
"anticipate," "intend," "attempt," "may," "plan," "will", "can",
"believe," "seek," "estimate," and variations of such words and
similar expressions are intended to identify such forward-looking
information. These statements are not guarantees of future
performance or actions and involve assumptions and risks and
uncertainties that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed,
implied or forecasted in such forward-looking information. Some of
the factors that could cause actual results or outcomes to differ
materially from the results expressed, implied or forecasted by
such forward-looking information, including some of the assumptions
used in making such statements, are discussed more fully in Hydro
One's filings with the securities regulatory authorities
in Canada, which are available on SEDAR at www.sedar.com.
Hydro One does not intend, and it disclaims any obligation, to
update any forward-looking information, except as required by
law.
SOURCE Hydro One Inc.