Innergex Renewable Energy Inc.
Climate Impact & Sustainability Data (2014, 2017, 2018)
Reporting Period: 2014
Environmental Metrics
Total Carbon Emissions:514.2 tCO2e/year
Scope 1 Emissions:514.2 tCO2e/year
Renewable Energy Share:100%
ESG Focus Areas
- Environmental Sustainability
- Social Acceptability
- Economic Viability
Environmental Achievements
- Completed site restoration activities on 4.5 hectares at the Kwoiek Creek hydroelectric facility and 2.0 hectares at the Viger-Denonville wind farm.
- Recorded no significant spills in 2014.
- Received ECOLOGO® Certification for Renewable Low-Impact Electricity Products for 14 of Innergex’s 26 hydroelectric facilities.
Social Achievements
- Made infrastructure investments, including a $500,000 donation for the Friendship Trail Bridge in Pemberton, British Columbia.
- Implemented local community engagement programs and impact assessments at all facilities.
- Signed almost 40 contractual agreements with 18 different First Nations.
Governance Achievements
- Revised and updated Code of Conduct, communicated annually to employees, officers, and directors.
- Annual training sessions on the Code of Conduct for all employees and officers.
Climate Goals & Targets
Long-term Goals:
- Plant availability factor of 95% (single turbine) to 97% (multiple turbines) for hydro, 97.5% for wind, and 97% for solar.
Medium-term Goals:
- Adjusted EBITDA of approximately $295.0 million in 2017.
- Free Cash Flow of approximately $95.0 million in 2017.
Short-term Goals:
- Grow consolidated revenues by 3%-5% in 2015.
- Develop and deploy the remaining elements of the occupational health, safety and environmental management system in 2015.
- Conduct a triennial review of the Emergency Response Plan and add a crisis communications component in 2015.
Environmental Challenges
- Managing more and longer transmission lines as facilities are developed in increasingly remote locations.
- Potential for flooding in populated areas near some hydroelectric facilities.
- Maintaining plant availability factors in the face of unexpected outages and weather conditions.
Mitigation Strategies
- Implemented vegetation management plans for transmission lines.
- Developed and implemented an Emergency Response Plan.
- Developed strategies to limit potential negative effects of rapid changes in river flows at hydroelectric facilities.
- Scheduled planned outages for maintenance during periods of low water levels (hydro) or low wind regimes (wind).
Supply Chain Management
Responsible Procurement
- Hiring independent consultants for engineering and environmental studies.
- Procuring machinery and equipment from manufacturers.
- Hiring independent contractors and subcontractors for construction activities.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI G4 Core
Reporting Period: 2017
Environmental Metrics
Total Carbon Emissions:0
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100%
Total Energy Consumption:Not disclosed
Water Consumption:Negligible
Waste Generated:Small amount of industrial waste and average amount of domestic waste
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Produced electricity solely from renewable sources, offsetting approximately 3,270,246 metric tonnes of CO2 equivalent emissions.
- Received ECOLOGO® Certification for 15 hydroelectric facilities and wind farms in Canada for reduced environmental impact.
Social Achievements
- Not disclosed
Governance Achievements
- Adopted an Environment, Health and Safety Policy.
- Adopted a Policy that articulates its commitment to integrating sustainable development considerations in all aspects of its business.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
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: ECOLOGO®
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Focus on producing energy exclusively from sustainable renewable sources.
Social Achievements
- Integration of facilities into surrounding environment and contribution to host communities’ needs.
- Implementation of a three P philosophy: planet, people, and profit.
Governance Achievements
- Successful completion of numerous acquisitions.
- International expansion into Iceland and Chile.
Climate Goals & Targets
Short-term Goals:
- Divest selected assets to repay one-year credit facility.
Environmental Challenges
- Below-average water flows in all regions and below-average wind regimes in France.
- Delays in obtaining specific permits for the Foard City wind project.
- Challenging post-commissioning activities at the Upper Lillooet River and Mesgi'g Ugju's'n facilities.
Mitigation Strategies
- Geographic diversification and complementarity of hydroelectric, wind, geothermal and solar power generation.
- Mitigation solutions focused on a reduced perimeter with airspace users for Foard City project.
- Addressing challenging post-commissioning activities.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Severe flooding, damage to hydroelectric facilities
Transition Risks
- Changes in governmental support for renewable energy.
Opportunities
- Growth in renewable energy sector due to transition to low-carbon economy.
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: KPMG LLP