Bruce Power has received their Environmental, Social and Governance (ESG) Risk Rating.
The rating is given by a third party rating agency, Morningstar Sustainalytics, and Bruce Power received a strong ESG rating year-over-year. A release from Bruce Power states that “the latest ESG Risk Rating ranked the company a spot in the top 3 within its sub-industry on a global scale and sits in the top three per cent in the Utilities industry covered by Morningstar Sustainalytics. The ESG Risk Rating report saw strong performance in a number of areas, including Community Involvement, Emergency Response, Diversity Programs, Waste Management and Environmental Programs and Policies.”
The rating combines an assessment of a company’s exposure to industry specific ESG issues and how well a company is managing those risks.
“Bruce Power is committed to strengthening the community and protecting the environment for present and future generations,” says Kevin Kelly, Bruce Power’s Executive Vice President, Finance and Business Development. “As such, we strive to learn from others out there, we participate in these third-party assessments to better understand best practices and learn where we can improve and implement sustainable business practices, while continuing to provide clean, reliable energy for the province; supporting Ontario’s climate change goals.”
“Building and fostering a more diverse, equitable and inclusive workforce is a key driver in our ESG strategy,” Kelly adds. “We are fostering strong connections with Indigenous communities and other under-represented groups through meaningful partnerships, employment for skilled workers, and training opportunities.”
