TransCanada officially released its 2015 Corporate Social Responsibility (CSR) Report, which highlights the company’s commitment to operating safely and in an economically, socially and environmentally sustainable manner.
"For more than 65 years, TransCanada has delivered energy safely and reliably to meet North American demand, so we know from experience that how well we do as a company is inextricably linked to the sustainability of our business practices," says Russ Girling, TransCanada's president and chief executive officer.
TransCanada performance areas, highlighted in the 2015 CSR Report, include:
- $1.5 billion invested in asset integrity and preventative maintenance programs to ensure safe and reliable operations of TransCanada’s pipeline systems
- $45 million invested in research and development
- Nearly $168 million in work generated for Indigenous businesses or their joint-venture partners in Canada and the U.S. for goods, contract services and employment on TransCanada projects and operations
- More than $14.7 million directed to over 1,400 non-profit organizations across North America
- Named to the Climate Disclosure Leadership Index in 2015 by the CDP (formerly Carbon Disclosure Project) with a top score of 99B for TransCanada’s actions to disclose carbon emissions and strategy to mitigate the business risks of climate change
- More than $5 billion invested in emission-less energy sources to date, accounting for over one-third of the power produced by TransCanada
- $679 million paid in income and property taxes that help pay for things such as schools, roads and hospitals
- 8-10 per cent dividend growth expected per annum through 2020
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KEYWORDS: Reports, Business & Trade, TransCanada, ReportAlert, safety