Toronto Hydro Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:22,347 tCO2e/year
Scope 1 Emissions:6,066 tCO2e/year
Scope 2 Emissions:16,035 tCO2e/year
Total Energy Consumption:102,913 GJ/year
Water Consumption:18,648 m3/year
Waste Generated:3,463 tons/year
ESG Focus Areas
- Climate Change Resilience
- Service Reliability
- Affordability
- Equity, Diversity and Inclusion
- Health, Safety and Wellness
- Transportation Electrification
- Ethics and Integrity
- Greenhouse Gas Emissions
Environmental Achievements
- Reduced GHG emissions by 8% from 2021 (cumulative reduction of 40% from 2018)
- Installed 32 new public EV charging stations, bringing the total to 47
- Installed 10 new EV chargers at the workplace, totaling 28 across all locations
- Reduction of paper consumption by approximately 72% (compared 2022 to 2018)
- Planted 5,000 trees in partnership with Tree Canada
- Planted 242 trees and shrubs in an employee event
Social Achievements
- Achieved best Total Recordable Injury Frequency rate on record (0.47)
- Implemented unconscious bias training program for front-line leaders
- Offered COVID-19 Vaccine Booster Clinics and Flu Clinics at all work centres
- Developed and implemented an online training module on Psychological Health and Safety
Governance Achievements
- Developed two new metrics aimed at managing climate-related risks and opportunities: Building Emissions Reduction and Fleet Electrification
- Passed an external audit confirming effective maintenance of Environment, Health and Safety (EHS) Management System in accordance with ISO 45001:2018
Climate Goals & Targets
Long-term Goals:
- Net-zero Scope 1 GHG emissions by 2040
Medium-term Goals:
- Net-zero Scope 1 GHG emissions by 2040
Short-term Goals:
- Not disclosed
Environmental Challenges
- Climate-related extreme weather events impacting the electricity distribution system
- Increased cost to repair damaged assets
- Reduction in demand for grid-supplied electricity distribution from conservation measures and new technologies
- New parties providing customers with other sources of energy
- Government policies not aligning with Toronto Hydro's strategic objectives
- Lack of regulatory support for electrification initiatives
Mitigation Strategies
- Investing in infrastructure to modernize the grid and increase resilience
- Implementing an emergency and business continuity management program
- Monitoring external competitive factors and industry developments
- Engaging with government entities and participating in industry organizations
- Established a climate action plan
- Commissioned a Future Energy Scenarios study
Supply Chain Management
Responsible Procurement
- All contractors must be pre-qualified by being evaluated as meeting minimum environment and health and safety requirements as defined by Toronto Hydro.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events impacting Toronto Hydro’s electricity distribution system
Transition Risks
- New parties providing customers with other sources of energy
- Government policies not aligning with Toronto Hydro's strategic objectives
- Lack of regulatory support for electrification initiatives
Opportunities
- Increased revenue from new services related to climate objectives
- Increased revenue from optimal use of electrification to achieve climate objectives
- Increased funding to meet growth in electricity demand requirements
Reporting Standards
Frameworks Used: GRI Standards, TCFD recommendations
Certifications: ISO 45001:2018, BOMA BEST (three work centres)
UN Sustainable Development Goals
- SDG 5 — Gender Equality
- SDG 8 — Decent Work and Economic Growth
- SDG 10 — Reduced Inequalities
- SDG 13 — Climate Action
The report highlights how various initiatives contribute to these goals.
Awards & Recognition
- One of Canada’s top 10 corporate citizens by Corporate Knights
- 5-star Energy Resource Company by Canadian Occupational Safety