TORONTO, June 26,
2024 /CNW/ - Toronto Hydro has ranked second for
corporate citizenship among electricity transmission and
distribution utilities in Canada
in Corporate Knights Magazine's annual ranking. Toronto Hydro also
placed 11th in the magazine's annual ranking of the Best 50
Corporate Citizens.
For more than 20 years, Corporate Knights Inc. has published one
of the world's largest circulation magazines with a specific focus
on the intersection of business and sustainability.
The ranking is compiled after evaluating a total of 340
companies against a set of environmental, social and
governance indicators, relative to their industry peers and using
publicly available information.
The ranking recognizes Toronto Hydro's sustainability
achievements, including its commitment to reaching net-zero
scope one emissions (direct emissions) in its operations by 2040,
ongoing efforts to improve reliability, foster workplace diversity,
and ensure the safety and well-being of its employees.
To learn more about Toronto Hydro's environmental performance,
please visit torontohydro.com/environment.
QUICK FACTS
- This is the seventh time that Toronto Hydro has been recognized
for its leadership in Environmental, Social and Governance,
sustainability and climate adaptation by Corporate Knights Inc.'s
Best 50 Corporate Citizens in Canada list
- Toronto Hydro is one of only 13 electrical utilities
in Canada to be designated as a Sustainable
Electricity Leader™ by Electricity Canada, in recognition of our
sustainability performance
- Toronto Hydro operates an externally certified Environmental,
Health and Safety Management System in accordance with the
International Organization for Standardization's (ISO) 2015
Standard for Environmental Management Systems (ISO 14001:2015) and
2018 Standard for Occupational Health and Safety Management Systems
(ISO 45001:2018)
- Electric vehicles and plug-in hybrid electric vehicles
accounted for 20 per cent of Toronto Hydro's fleet in 2023
- Toronto Hydro achieved a 21 per cent reduction in building
emissions compared to the last five years
QUOTE
"Sustainability is a key part of our vision to provide safe and
reliable power to the many homes and businesses of Toronto, and our commitment to helping the
city reach its net-zero vision. On behalf of Toronto Hydro, I'd
like to thank Corporate Knights for once again recognizing our
continued efforts and congratulate our fellow Canadian companies
included in this year's ranking."
- Anthony Haines, President and CEO, Toronto Hydro
ABOUT TORONTO HYDRO
Toronto Hydro is a holding company which wholly owns two
subsidiaries:
- Toronto Hydro-Electric System Limited (THESL) – distributes
electricity; and
- Toronto Hydro Energy Services Inc. – provides streetlighting
and expressway lighting services in the city of Toronto
The principal business of Toronto Hydro and its subsidiaries is
the distribution of electricity by THESL, which owns and operates
the electricity distribution system for Canada's largest
city. Recognized as a Sustainable Electricity Leader™ by
Electricity Canada, it has approximately 794,000 customers located
in the city of Toronto and distributes approximately 17
per cent of the electricity consumed in Ontario.
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SOURCE Toronto Hydro Corporation