LONGUEUIL, QC, June 28,
2023 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE)
("Innergex" or the "Corporation") is pleased to announce it has
been awarded the first place in the Corporate Knights magazine's
2023 ranking of Best 50 Corporate Citizens in Canada. The annual ranking of corporate
sustainability performance recognizes Canadian corporations that
conduct a more humane form of capitalism, prioritizing people and
planet, and transforming business into a force for good.
"It is an honour to be recognized as Canada's Best Corporate Citizen. As a 100%
pure-play renewable energy producer for over 30 years, this
award confirms that our business model that balances people, our
planet, and prosperity is one of the main tools we have to
addressing the climate crisis," said Michel
Letellier, President and Chief Executive Officer of
Innergex. "Our commitment to sustainability is a driving force in
everything that we do at Innergex. As we pursue our journey towards
net zero together with Indigenous and local communities, we will
continue to increase transparency on our reporting practices as we
believe we owe it to our partners, investors, and stakeholders to
provide a complete accounting of Innergex's environmental and
social impact."
Innergex's sustainability commitments and disclosures are guided
by the United Nations Sustainable Development Goals ("UNSDGs") and
aligned with the Sustainability Accounting Standards Board
("SASB"), and the Carbon Disclosure Project ("CDP"). On
April 4, 2023, Innergex
published its 2022 Sustainability Report which outlines the
Corporation's commitment to improving its Environmental, Social and
Governance ("ESG") performance while continuing to grow
responsibly. In November 2022,
Innergex also released its first Task Force on Climate-related
Financial Disclosures ("TCFD") aligned Climate Assessment
Report. In addition to today's recognition from Corporate Knights,
Innergex's commitment to improving its ESG performance has also
earned it a Bronze Parity Certification by Women in Governance.
Innergex's recent ESG advancements include:
- issuance of its first TCFD aligned climate assessment
report
- improved and expanded reporting metrics across the board
- adoption of a supplier code of conduct
- improvement of diversity, equity, and inclusion programs
- launch of a corporate electric vehicle incentive program,
employee referral program, and employee volunteer day program
The Best 50 Corporate Citizens represent the gold standard for
corporate sustainability leadership in Canada. To determine the ranking, 286 large
Canadian organizations are analyzed against Canadian and global
industry peers on a suite of 25 quantitative key performance
indicators. The methodology can be found here.
About Corporate
Knights
Corporate Knights Inc. is a leading sustainable-economy media
and research B Corp committed to advancing a sustainable economy
that supports both people and the planet. Since 2002, Corporate
Knights has published an award-winning quarterly magazine. It is
distributed in The Globe and Mail, The Wall Street Journal and The
Washington Post. With a circulation of more than 126,000, Corporate
Knights magazine is the most prominent publication dedicated to
advancing a sustainable economy. The Corporate Knights research
division produces global sustainability rankings, research reports
and financial product ratings based on corporate sustainability
performance. Its flagship ranking is the Global 100 Most
Sustainable Corporations in the World, released each year during
the World Economic Forum.
About Innergex Renewable Energy
Inc.
For over 30 years, Innergex has believed in a world where
abundant renewable energy promotes healthier communities and
creates shared prosperity. As an independent renewable power
producer which develops, acquires, owns and operates hydroelectric
facilities, wind farms, solar farms and energy storage facilities,
Innergex is convinced that generating power from renewable sources
will lead the way to a better world. Innergex conducts operations
in Canada, the United States, France and Chile and manages a large portfolio of
high-quality assets currently consisting of interests in 87
operating facilities with an aggregate net installed capacity of
3,692 MW (gross 4,243 MW) and an energy storage capacity of 159
MWh, including 40 hydroelectric facilities, 35 wind
facilities, 11 solar facilities and 1 battery energy storage
facility. Innergex also holds interests in 13 projects under
development with a net installed capacity of 760 MW (gross 849 MW)
and an energy storage capacity of 605 MWh, 5 of which are under
construction, as well as prospective projects at different stages
of development with an aggregate gross installed capacity totaling
8,883 MW. Its approach to building shareholder value is to generate
sustainable cash flows, provide an attractive risk-adjusted return
on invested capital and to distribute a stable dividend.
SOURCE Innergex Renewable Energy Inc.