Bruce Power rates high for environmental, social, and governance risk

Bruce Power got top grades in an Environmental, Social and Governance (ESG) Risk Rating by the third-party ESG rating agency Morningstar Sustainalytics.

Bruce Power was named a top rated company in 2023 among 15,000 businesses across 42 industries when it comes to ethics and environmental impact.

In 2022, Bruce Power achieving its lowest risk rating of 12.9 for performance in areas like community involvement, emergency response, diversity, waste management and environmental programs. Among other initiatives, Bruce Power returned units 1 to 4 to service and the company plans to have Net Zero greenhouse gas emissions from site operations by 2027

The company plans to increase output to 7,000 Megawatts of carbon-free electricity in the 2030s while continuing to improve sustainable business practices and track progress. There are plans to try to reduce water consumption and emissions.

“It is rewarding to be included on the list of top-rated companies and be recognized as an industry leader by a third party because we strive to have a positive impact through our environmental, social and governance programs,” said Chris Mudrick, Bruce Power Executive Vice-President and Chief Nuclear Officer. “Bruce Power’s approach to sustainability is integrated across the  organization and builds on well-established and existing efforts, which have significant positive impacts on our local community and on a wider scale as we support provincial and federal carbon-reduction goals, while contributing to economic growth, innovation and environmental protection.”

“Fostering a diverse, equitable and inclusive workforce is also a key driver in our ESG strategy,” Mudrick added. “We are building strong connections with Indigenous communities and other under-represented groups through meaningful partnerships, employment for skilled workers, and training opportunities.”

Read original story from Midwestern Ontario News – BlackburnNews.com