Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Safety
• Diversity & Inclusion
• Indigenous Reconciliation
• Stakeholder Engagement
• Environmental Protection
• Governance

Environmental Achievements

• Reduced number of reportable gas releases by 14% and reduced volume of reportable gas releases by 69%
• 100% sensitive land and 99% private land fully restored or offset disturbances to sensitive habitat
• Invested $2.3 million in activities that restore biodiversity and reduce the impacts of climate change (exceeding the $1.2 million target)
• Reduced methane intensity on Canadian Natural Gas Pipeline system by 22% between 2019 and 2021
• Overall methane intensity of 1.0% (or less) of total produced natural gas by 2025

Social Achievements

• Formed an Indigenous Advisory Council
• Signed 20 agreements with Indigenous groups along the Coastal GasLink corridor providing contracting and employment opportunities
• Completed cultural awareness training for Board of Directors and workforce
• Spent $1.2 billion with Indigenous and Native American businesses in 2021
• Invested $7.3 million in Indigenous-related causes and initiatives
• Exceeded Board gender diversity target (38%)
• Increased representation of women and visible minorities in leadership positions
• 99% completion rate for inclusion and unconscious bias training
• Launched a Women in Leadership network
• Updated parental and maternity leave practices

Governance Achievements

• Increased ESG weighting in corporate scorecard from 25% to 30%
• Strong Board oversight of ESG with dedicated committees
• Implementation of a Code of Business Ethics (COBE) Policy with annual training
• Enterprise risk management (ERM) framework for risk identification, analysis, evaluation and mitigation

Climate Goals & Targets

Environmental Challenges

• Transition risks related to the energy transition
• Addressing Scope 3 emissions across the value chain
• Maintaining safety performance while modernizing assets

Mitigation Strategies

• Decarbonizing existing assets (30% GHG emissions intensity reduction by 2030; net zero by 2050)
• Investing in low-carbon technologies (renewable energy, hydrogen, RNG, carbon capture)
• Shifting portfolio mix towards Power & Energy Solutions (10-15% EBITDA target)
• Enhanced leak detection and repair, equipment enhancements, digital solutions for methane reduction
• Company-wide assessment on safety culture and setting targets

Supply Chain Management

Responsible Procurement

• Supplier Diversity and Local Participation Business Policy
• Sustainability program requirements for pre-qualification

Climate-Related Risks & Opportunities

Transition Risks

• Impact of energy transition on business

Opportunities

• LNG exports
• Hydrogen hubs
• Renewable natural gas
• Carbon capture, transportation and storage
• Renewable power generation

Reporting Standards

Frameworks Used: TCFD, SASB, UN SDGs

Certifications: ISO 14001

Third-party Assurance: Third-party limited assurance

Sustainable Products & Innovation

• Hydrogen hubs
• Renewable natural gas
• Carbon capture, transportation and storage
• Renewable power generation

Environmental Metrics

ESG Focus Areas

• Environment
• People and Safety
• Products and Services
• Community

Environmental Achievements

• Met greenhouse gas (GHG) emissions reduction targets in 2023, with net emissions totaling 16,744 tCO2e (25% reduction from 2019 baseline).
• Reduced fuel consumption from stationary equipment by 53%, resulting in a 2,800 tCO2e decrease for Scope 1 emissions.
• Retired 148,216 MWh of Clean Energy Credits (CECs), decreasing Scope 2 emissions by 4,150 tCO2e.
• Reduced water consumption from Lake Huron to 1.9 million cubic meters, below the target of 2.3 million cubic meters.
• Successfully completed an ISO 14001 re-registration audit with no non-conformances.
• Eradicated high-density Phragmites from the Fishing Islands.

Social Achievements

• Improved Severe Injury Rate (SIR) for utility employees from 0.12 to 0.00 and for contract employees from 0.08 to 0.00.
• 32% of people hired into permanent roles were women, 22% were racialized peoples, 4% were Indigenous Peoples, and 5% were people with disabilities.
• Established a corporate Diversity Equity & Inclusion Policy.
• Provided inclusive leadership training to over 900 leaders.
• Launched the Bruce Power Early Childhood Education Scholarship program, awarding $65,000 to 13 local students.

Governance Achievements

• Achieved a ‘Low Risk’ ESG Rating from Morningstar Sustainalytics, placing third globally in its sub-industry category.
• Issued $1.7 billion in Green Bonds.
• Extended Sustainability Linked Loan (SLL) to 2027 (greenhouse gas emissions metric) and 2029 (diversity metrics).
• Entered into a new Sustainability Linked Deposit agreement (SLD) for reference years 2023 to 2027.
• Maintained an ethical workplace culture through education, advice, and workplace investigations.

Climate Goals & Targets

Environmental Challenges

• Conventional waste diversion rate did not meet the target (69.1% vs. 71%).
• Climate-related risks such as changing water levels and temperatures, and increased risk of extreme weather events.
• Housing affordability challenges in the region.
• Shortage of healthcare professionals in the region.

Mitigation Strategies

• Implementing on-site operational initiatives and partnering with local carbon sequestration and offset projects to reduce GHG emissions.
• Monitoring environmental trends, contributing to modelling efforts, and participating in programs to understand climate change impacts.
• Working collaboratively with Bruce, Grey, and Huron counties to understand housing challenges and support access to housing.
• Partnering with municipalities to attract physicians and invest in healthcare infrastructure.

Supply Chain Management

Responsible Procurement

• Responsible sourcing, including local sourcing; consideration of sustainability factors in RFP evaluations; expectation that suppliers support human rights, Indigenous relations, and DE&I.

Climate-Related Risks & Opportunities

Physical Risks

• Changing water levels and temperatures
• Increased risk of extreme weather events

Opportunities

• Net Zero strategy
• Sustainable financing
• Generation of clean energy credits

Reporting Standards

Frameworks Used: UN SDGs, SASB, TCFD, GRI

Certifications: ISO 14001

Third-party Assurance: Morningstar Sustainalytics (limited assurance for GHG emissions and workforce diversity)

UN Sustainable Development Goals

• Goal 7: Affordable and Clean Energy
• Goal 13: Climate Action
• Goal 6: Clean Water and Sanitation
• Goal 14: Life Below Water
• Goal 15: Life on Land
• Goal 5: Gender Equality
• Goal 8: Decent Work and Economic Growth
• Goal 10: Reduced Inequalities
• Goal 1: No Poverty
• Goal 3: Good Health and Well-being
• Goal 12: Responsible Consumption and Production

Various initiatives throughout the report contribute to these goals.

Sustainable Products & Innovation

• Clean Energy Credits (CECs)