Climate Change Data

Environmental Metrics

ESG Focus Areas

• Greenhouse gas emissions and the energy transition
• Grid resiliency and reliability
• Diversity and inclusion
• Energy affordability
• Employee/contractor safety
• Public safety
• Corporate governance

Environmental Achievements

• Reduced GHG emissions by 66 per cent from 2015 to 2021
• Commissioned battery storage system at Crossfield Energy Centre avoiding more than 31,000 tonnes CO₂e to date
• Completed turbine upgrade at Shepard Energy Centre adding 11 megawatts of generation
• Offset 100% of building GHG emissions (scope 1 and scope 2) from 2021 onwards

Social Achievements

• 100% of senior leaders completed inclusive leadership competency training
• 30% of community investment budget spent on energy affordability initiatives
• Energy saving kits program initiated, distribution to vulnerable customers began in 2021

Governance Achievements

• Received results from third-party assessment of HR policies to identify additional opportunities to remove bias and promote equal access to opportunities
• Successfully negotiated a collective agreement with CUPE

Climate Goals & Targets

Environmental Challenges

• Market availability of electric vehicles (EVs) due to pandemic-related global supply chain and labor shortages
• Component shortages (chip shortages)
• Uncertainty in Alberta GHG regulation after 2022
• Potential reduction in industrial electricity demand
• Highly volatile natural gas prices
• Increased renewables impacting grid reliability
• Increased electricity demand from EV adoption
• Geopolitical events causing supply chain disruptions
• Customer perceptions of fossil fuels

Mitigation Strategies

• Developed a three-year mobile fleet electrification plan
• Advanced medium-duty electric vehicle pilot
• Set a target to reach net-zero scope 1 and scope 2 emissions, with an interim target of 70% reduction by 2030 from 2015 levels
• Evaluating CCUS, utility-scale renewables, batteries, and hydrogen
• Investing in grid resiliency
• Hedging program to manage commodity risk exposures
• Plan to invest $60 million to enable a more resilient grid by 2030
• Developing alternate supply plans
• Strong history of continual improvement in emissions reduction

Supply Chain Management

Supplier Audits: Using ISNetworld to prequalify and monitor contractors

Responsible Procurement

• ISNetworld for contractor safety and performance
• Environmental Responsibilities Document for contractors

Climate-Related Risks & Opportunities

Physical Risks

• Flood
• Drought
• Extreme weather events (Alberta)
• Tree and vegetation management (Maine)
• Extreme weather events (Maine)

Transition Risks

• Regulatory changes (GHG regulations, carbon pricing, net-zero targets)
• Market changes (natural gas pricing, increased renewables)
• Technological changes (battery technology, hydrogen, carbon capture)

Opportunities

• Increased electricity demand from electrification
• Investment opportunities in emissions-free generation
• Availability of offsets
• Energy storage
• Hydrogen fuel

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• My Energy IQ™
• Green add-on options
• Residential and small commercial solar program

Awards & Recognition

• Electricity Canada's President’s Award of Excellence for Employee Safety (2020)

Environmental Metrics

ESG Focus Areas

• Environmental, Social, and Governance (ESG)

Environmental Achievements

• Conducting pilots to test advanced technologies and explore the implications of integrating distributed energy resources; working to understand the impacts of Electric Vehicle (EV) adoption on the grid through the Charge Up pilot and testing EV trucks for its own fleet; Versant Power supporting 450 distributed generation projects including solar and hydro.

Social Achievements

• Developed programs that enhance employee mental health and provide diversity, inclusion and belonging training; Work-from-home flexibility, professional development and recognition programs, and a commitment to employee involvement and engagement; ENMAX team members volunteered 5,460 hours and raised over $194,000 for 220 charitable organizations; Versant Power team members volunteered more than 1,000 hours and shared funds with more than 45 non-profits.

Governance Achievements

• Adjusted strategic direction to guide ENMAX in providing operational excellence, responsible growth and enable the energy transition; Regularly reviews and updates its principles and policies to meet evolving best practices, expectations and legal requirements; maintains high standards of corporate governance.

Climate Goals & Targets

Environmental Challenges

• Volatility in Alberta commodity prices and inflationary pressure across the broader economy; extreme weather events (devastating wildfire season followed by record-breaking cold temperatures in Alberta and destructive winter storms in Maine); the energy transition will require emissions reductions from power generation and electricity grid adaptations to support increasing levels of electrification.

Mitigation Strategies

• Careful cost management and strategic capital investment; collaboration with industry, the Province, municipalities and agencies on the issue of energy affordability and grid resilience; believes that federal and/or provincial funding can support these goals while keeping customers’ needs in mind; committed to enhancing ESG performance through the exploration and adoption of economically and technically feasible technologies that can help reduce emissions.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Energy transition requiring emissions reductions and grid adaptations

Opportunities

• Advance electrification, enable growth in distributed forms of renewable energy and embrace lower-carbon energy sources

Awards & Recognition

• Achievement in Employee Experience (2023) from E Source, President’s Award for Safety Excellence (2023) and the Sustainable Electricity Award (2023) from Electricity Canada, Canada’s Greenest Employers (2024) by Mediacorp Canada (12th time since 2009), Alberta’s Top Employers by Mediacorp Canada (2024) (6th consecutive year)