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TransCanada recognised for climate performance

 

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World 鶹ýӳ,

TransCanada鶹ýӳs long-term dedication to investing in emission-less and high-efficiency energy sources, research and development (R&D) and environmental initiatives hasn鶹ýӳt gone unnoticed.

After the CDP鶹ýӳs careful analysis of almost 2000 corporate submissions from around the globe, TransCanada was awarded a position on The A List: The CDP Climate Performance Leadership Index (CPLI) 2014 for its actions to disclose carbon emissions and mitigate the business risks of climate change.

鶹ýӳReceiving a score of 99A and being named to The A List: The CDP CPLI 2014 is extremely rewarding for TransCanada,鶹ýӳ says Andrea Jalbert, Vice-President of Community and Sustainability at TransCanada.

The score reflects 99/100 in terms of the extent and quality of TransCanada鶹ýӳs response and an 鶹ýӳA鶹ýӳ rating for the level of action on climate change mitigation, adaptation and transparency.

This positive news comes on the heels of TransCanada鶹ýӳs score at the 88th percentile on the Dow Jones Sustainability Index (DJSI) for 2014.

All submissions were independently assessed against CDP鶹ýӳs widely-respected scoring methodology and ranked accordingly. TransCanada is one of only 187 organisations to be awarded an A grade for climate performance, earning a position on this global list, ranking corporate efforts to mitigate climate change.

鶹ýӳThis score is unprecedented for a Canadian company,鶹ýӳ said Cheryl Johnson, TransCanada鶹ýӳs climate change and air emissions advisor. 鶹ýӳTransCanada is one of only five Canadian companies on The A List: CDP CPLI 2014, and the list鶹ýӳs only Canadian energy company.鶹ýӳ

The A List presents those companies identified as demonstrating a superior approach to climate change mitigation. It was produced at the request of 767 investors who represent more than one third of the world鶹ýӳs institutional investors with a combined portfolio of US$ 92 trillion in assets.

鶹ýӳRecognition at the highest level by the CDP 鶹ýӳ the international NGO that drives sustainable economies 鶹ýӳ is significant because we supply 20% of the natural gas North America consumes each day, export a quarter of Canada鶹ýӳs oil supply and are Canada鶹ýӳs largest private power provider. Being relied upon to responsibly deliver these products to consumers takes energy,鶹ýӳ says Jalbert. 鶹ýӳBut for over 60 years we have been committed to the sustainability of both the land and our business, and we will continue to do so. We don鶹ýӳt see those things as being mutually exclusive.鶹ýӳ

The implementation of TransCanada鶹ýӳs Environmental Strategy supports company-wide commitment to the environment. That鶹ýӳs one reason TransCanada鶹ýӳs GHG emissions-management successes can be attributed to different activities across the organization. These include implementing technologies to directly reduce or avoid emissions, installing high-efficiency equipment 鶹ýӳ like the technology to turn waste heat into power 鶹ýӳ and sponsoring R&D to reduce or avoid emissions and improve measurement.

Many long-term R&D investments over the past 60 years have been geared toward encouraging increased efficiency and implementing environmentally beneficial technologies and techniques. In 2013 alone, TransCanada invested over US$ 22 million in R&D projects with benefits that included ensuring safety, improving efficiency, reducing emissions and environmental stewardship, not just for TransCanada, but to improve industry performance as a whole.


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