Newfoundland and Labrador Hydro Commits to the Canadian Electricity Association’s Sustainable Electricity Program
Hydro is a member of the Canadian Electricity Association (CEA) and is an active participant in the Sustainable Electricity program. Launched February 19, 2009, Sustainable Electricity is an industry-wide sustainability initiative developed and implemented by CEA and its utility members.
Sustainable Electricity is a response to the challenge of creating a sustainable tomorrow. The program, implemented under the strategic guidance of the CEA Board of Directors, addresses the three components of sustainability – environment, society, and the economy – and enables the electricity industry to take a holistic approach to managing its impacts and securing a collective energy future.
CEA and its members place a high value on sustainable development, and as such, participation in this program is a condition of CEA membership. Through Sustainable Electricity, CEA members, including Hydro, have made a commitment to continually improve their overall sustainable development performance, and report to stakeholders in a timely and transparent manner.
Sustainable Electricity is comprised of the following four elements:
- CEA utilities must commit to the Policy for Sustainable Development – Corporate Responsibility.
- CEA utilities must report annually on environmental, social, and economic performance indicators.
- The program will be guided by an external Public Advisory Panel.
- Each utility must undergo independent external verification as part of its commitment to the program.
Through the Sustainable Electricity program, CEA member companies will pursue practices and innovative business strategies to meet the needs of members, Aboriginal peoples, stakeholders, and the communities in which they operate, while ensuring that they enhance the legacy they leave behind for future generations. Hydro is committed to becoming a leading Sustainable Electricity company.
For more information on the program, and to view the 2008 Annual Report, please visit sustainableelectricity.ca.