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Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
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
- Gender Diversity
- Climate Change
- Environmental Sustainability
- Social Responsibility
Environmental Achievements
- TransAlta reduced greenhouse gas emissions by half from 2005 levels to 21 million tonnes and aims to further reduce them to 10 million tonnes by 2025.
- Fortis reduced emissions intensity by 63% between 2015 and 2018.
- Lucara Diamond Corp. utilizes X-ray transmission (XRT) technology for unbroken diamond recovery, minimizing waste and maximizing value.
Social Achievements
- 73 companies on the Women Lead Here list have an average of 44% women in executive roles.
- Sienna Senior Living has 83% women in its senior executive team and 79% of executive directors.
- Fortis has 4 out of 11 board members as women and 60% of employees at head office are women.
- TransAlta aims to have women account for 40% of its entire workforce by 2030 and 50% of its board members.
Governance Achievements
- Companies governed by the Canada Business Corporations Act must disclose efforts to nominate women and minority groups to boards and senior management.
- Lucara Diamond Corp. uses blockchain technology for transparent tracking of diamonds.
- Sienna Senior Living increased internal promotions to 55% of leadership roles, up from 33% in 2015.
Climate Goals & Targets
Long-term Goals:
- TransAlta is considering an investment strategy to achieve net-zero emissions by 2050.
Medium-term Goals:
- TransAlta aims to have women account for 40% of its entire workforce by 2030 and 50% of its board members.
- Fortis aims to reach 30% renewable energy in retail sales by next year (Tucson Electric Power).
Short-term Goals:
- TransAlta aims to slash greenhouse gas emissions to 10 million tonnes by the end of 2025.
- Fortis plans to spend $18.8 billion in the next five years to upgrade its equipment and infrastructure.
- Sienna Senior Living anticipates retirement residence demand will outpace supply by 2023.
Environmental Challenges
- Slow progress in gender parity in Canadian C-suites.
- Pipeline bottlenecks and climate politics in the oil and gas industry.
- Slower-than-expected rollout of cannabis 2.0 products.
- Competition for talent in the senior care industry.
- Extreme weather events impacting electrical infrastructure.
- Balancing environmental leadership with fossil fuel operations (Fortis).
Mitigation Strategies
- TransAlta's transition from coal to renewable energy and natural gas.
- MEG Energy's focus on reducing greenhouse gas emissions intensity.
- Lucara Diamond Corp.'s innovative diamond sales platform (Clara Diamond Solutions).
- Sienna Senior Living's focus on internal talent development and education programs.
- Fortis's investments in upgrading equipment and infrastructure.
- Fortis's commitment to reducing emissions and transitioning away from coal (although not immediate shutdown).
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events impacting electrical infrastructure.
Transition Risks
- Shifting regulatory environment for oil and gas, and power generation.
Opportunities
- Growth in renewable energy sector.
- Investment opportunities in clean energy technologies.
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- TransAlta's investments in battery storage and hydrogen blending.
- Lucara Diamond Corp.'s Clara Diamond Solutions platform.
Awards & Recognition
- Not disclosed