Climate Change Data

Emera Inc.

Climate Impact & Sustainability Data (2020, 2021, 2022)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:15,545,254 tCO2e/year (Scope 1: 15,349,492 tCO2e; Scope 2: 524 tCO2e; Scope 3: 8,802,690 tCO2e)
Scope 1 Emissions:15,349,492 tCO2e/year
Scope 2 Emissions:524 tCO2e/year
Scope 3 Emissions:8,802,690 tCO2e/year
Renewable Energy Share:30% (Nova Scotia Power)
Total Energy Consumption:Not disclosed
Water Consumption:13,338 megalitres/year
Waste Generated:69 tonnes of solid hazardous waste and 5,300 litres of liquid hazardous waste
Carbon Intensity:0.49 metric tonnes CO2e/MWh

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Water Management
  • Air Quality
  • Waste Management
  • Health and Safety
  • Diversity and Equal Opportunity
  • Energy Affordability
  • Grid Resiliency
  • Indigenous Peoples' Rights

Environmental Achievements

  • 38% reduction in Scope 1 GHG emissions since 2005
  • 17% of coal ash repurposed for other industrial uses
  • Restoration work completed at various sites to protect biodiversity and habitats

Social Achievements

  • Implementation of a Safety Management System (SMS) across affiliates
  • Named one of Canada’s Top 100 Employers for the third consecutive year and one of Canada’s Top 100 Employers for youth
  • Continued efforts to improve diversity and inclusion across the workforce

Governance Achievements

  • Formally added ESG and sustainability to the Board’s mandate
  • Established a Sustainability Management Committee chaired by the CEO

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Data collection limitations related to waste metrics
  • Restrictions on bringing external disposal contractors for PCB waste in some regions
  • Two incidents at Tampa Electric resulting in penalties ($28,000 CAD)
Mitigation Strategies
  • Ongoing efforts to improve data collection
  • Implementation of a Safety Management System to address safety performance and injury prevention
  • Addressing incidents and working with regulatory agencies to resolve issues

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, SASB (Electric Utilities & Power Generators and Gas Utilities & Distributors), TCFD

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Canada’s Top 100 Employers (3 consecutive years)
  • Canada’s Top 100 Employers for youth

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:15,453 ktCO2e/year
Scope 1 Emissions:15,453 ktCO2e/year
Scope 3 Emissions:9,158 ktCO2e/year
Renewable Energy Share:1,365 MW of installed renewable capacity out of 9,784 MW total installed capacity
Water Consumption:17,529 megalitres/year
Waste Generated:575,007 tons/year (coal ash)
Carbon Intensity:0.41 tCO2e/MWh total sales

ESG Focus Areas

  • Climate Change
  • Safety
  • Diversity, Equity and Inclusion
  • Community Investment
  • Corporate Governance
  • Cybersecurity
  • Customer Affordability
  • Indigenous Relations

Environmental Achievements

  • 39% reduction in CO2 emissions since 2005
  • 65% reduction in coal use in generation since 2005
  • 1,365 MW installed renewable capacity (96% increase over last five years)
  • 20% decrease in sulphur dioxide (SO2) air emissions over last five years
  • 13% reduction in nitrogen oxides (NOx) air emissions over last five years
  • 26% of coal combustion waste repurposed or recycled

Social Achievements

  • 1.06 OSHA injury rate – 8% improvement over five-year average
  • $13M contributed to communities in 2021
  • $1.9M directed to diversity initiatives
  • 83% Employee Engagement Rate in 2021
  • Canada’s Top 100 Employer and a Top Employer for Youth

Governance Achievements

  • Emera Board of Directors Charter updated in 2021 to better reflect ESG focus
  • Established Risk and Sustainability Committee (RSC) of the Board
  • 82% of Emera Board Directors are independent
  • 98% shareholder support in 2021 Say on Pay vote
  • 2021 nominee for Governance Professionals of Canada Award in Sustainability/ESG

Climate Goals & Targets

Long-term Goals:
  • Net-zero CO2 emissions by 2050
Medium-term Goals:
  • 80% reduction in CO2 emissions by 2040
  • Close last coal unit by 2040
Short-term Goals:
  • 55% reduction in CO2 emissions by 2025

Environmental Challenges

  • Significant work ahead to reach ambitious government climate targets
  • Relatively short transition timeline to reduce carbon emissions
  • Need to accelerate new technologies that are commercially viable while ensuring reliability and addressing cost impacts
  • Two contractor fatalities in 2021 and one employee fatality in 2022
  • Challenges in transitioning away from coal while maintaining reliability and considering cost impacts for customers
Mitigation Strategies
  • Climate Transition Plan aligned with TCFD recommendations
  • Strong governance and oversight of climate transition plan
  • Investments in renewable generation to offset customer costs
  • Reinforcing safety programs and focus on preventing serious injuries and fatalities
  • Just Transition framework to support employees and communities impacted by coal phase-out
  • Collaboration with industry partners, governments, and communities

Supply Chain Management

Responsible Procurement
  • Third Party Risk Management Program evaluating ESG factors

Climate-Related Risks & Opportunities

Physical Risks
  • Increased frequency and severity of weather events
  • Changes in precipitation patterns
  • Changes in temperature
  • Rising sea levels
Transition Risks
  • Regulatory requirements limiting emissions
  • Increasing price on carbon
  • Replacement of existing energy supply sources
  • Customer desire for lower emitting energy sources
  • Changes in supply chain
Opportunities
  • Development and/or expansion of low emission energy sources and services
  • Development of new distributed energy technologies
  • Access to new markets

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Sustainable Products & Innovation

  • BlockEnergy microgrid solution
  • Renewable natural gas (RNG) facility

Awards & Recognition

  • 2021 nominee for Governance Professionals of Canada Award in Sustainability/ESG
  • Canada’s Top 100 Employer and a Top Employer for Youth
  • Fast Company’s World Changing Ideas (BlockEnergy)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Youth Opportunities
  • Innovation & Entrepreneurship
  • Planet & Sustainability
  • Diversity, Equity and Inclusion

Environmental Achievements

  • Not disclosed

Social Achievements

  • Launched the Emera Diversity, Equity and Inclusion Fund ($5 million over five years)
  • Supported various youth programs (PREP Academy, ISANS Youth Explore!, Youth Project BIPOC Coordinators) focusing on education, career development, and inclusion.
  • Supported innovation and entrepreneurship through initiatives like the YWCA Halifax Business Builders Program, Tribe IDEA Fellowship, Emera ideaHUB, and Every One Every Day.
  • Supported community recovery efforts after Hurricane Fiona and wildfires through United Way partnerships.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Net-zero CO2 emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: LBG Canada

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed