TransCanada Releases 2013 Corporate Social Responsibility Report
CALGARY, ALBERTA, June 9, 2014 /3BL Media/ - TransCanada Corporation (TSX:TRP)(NYSE:TRP) (TransCanada) has officially released its 2013 Corporate Social Responsibility Report (csrreport.transcanada.com). The 2013 Corporate Social Responsibility (CSR) Report was released during Canadian Environment Week as a testament to TransCanada's commitment to operating in an economically, socially and environmentally sustainable manner, while recognizing the interests of its stakeholders.
"With the changes in societal demand in terms of understanding what we do, we spent much of 2013 evaluating how we report to our key stakeholders and the factors they are most concerned about," says Russ Girling, President and CEO. "Our 2013 CSR Report highlights the breadth of our stakeholder engagement across the many communities in which we conduct our business."
TransCanada's 2013 CSR Report is structured around 10 material areas of focus: financial performance; ethical conduct; access to new markets; developing our people; health and safety; ensuring our assets are safe and reliable; protecting our communities; Aboriginal, Native American and Indigenous peoples; responsible stakeholder relations; and commitment to protecting the environment.
"What you'll see in our CSR reporting going forward is far more detail than you've seen in the past. There's a heightened awareness and concern about what we do. There's also a recognition that what we do is important and essential to people," says Girling. "So it's crucial that we communicate in a transparent and comprehensive way so stakeholders understand what we're doing and that we're working hard to continue to meet the dynamic and changing needs in every community where we operate."
Highlights of the TransCanada 2013 CSR Report include:
- Responsible Stakeholder Relations: In 2013, TransCanada directed more than $12.7 million to more than 1,600 non-profit organizations across North America.
- Commitment to Protecting the Environment: In 2013, TransCanada's score on the Carbon Disclosure Leadership Index rose to 91, from the previous year's 83, ranking in the top 10 among 200 of Canada's largest companies.
- Ensuring our Assets are Safe and Reliable: In 2013 we invested over $22 million in research and development projects focused on the safety and reliability of our assets.
- Aboriginal, Native American and Indigenous Peoples: $66.5 million was spent on Aboriginal businesses or their joint venture partners in 2013 for goods, contract services and employment on TransCanada projects and operations.
- Access to New Markets: TransCanada announced $19 billion in new projects in 2013 for future development. Among those new projects are Energy East, Prince Rupert Gas Transmission Project, North Montney Mainline Project, and the Heartland Pipeline and TC Terminals projects. We acquired the first four of nine solar generation facilities in Ontario, with a combined capacity of 86 megawatts. We expect four solar facilities to come online in fourth quarter 2014, with the acquisition of the ninth and final facility expected to close in mid-2015, further expanding our renewable energy portfolio.
The online 2013 CSR Report was designed to accommodate unique interests in TransCanada's CSR program and also allow for varied digital viewing platforms and encourage sharing through varied social applications. The new website, csrreport.transcanada.com allows users to explore content in each of the key material issue areas and by general topics on computers and mobile devices such as smart phones and tablets. Users can easily choose to download or print the entire 2013 CSR Report or specific sections of the report, making the report environmentally responsible.
With more than 60 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 68,500 kilometres (42,500 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with more than 400 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 11,800 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest oil delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. For more information visit: www.transcanada.com or check us out on Twitter @TransCanada or http://blog.transcanada.com.