Hydro-Québec
Climate Impact & Sustainability Data (2023-11 to 2035)
Reporting Period: 2023-11 to 2035
Environmental Metrics
ESG Focus Areas
- Energy Transition
- Customer Needs
- Greenhouse Gas Reduction
- Indigenous Community Partnerships
- Service Quality Improvement
Environmental Achievements
- 75% of new electricity generation dedicated to decarbonizing the environment; by 2035, 40% of additional electricity will be used to decarbonize building heating and electrify transportation, and 35% for industrial decarbonization.
Social Achievements
- Partnering with Indigenous communities to increase their representation and facilitate their financial participation in new energy projects.
- Creating a center of expertise to guide the energy and economic transition in collaboration with the Quebec government.
Governance Achievements
- Becoming an agile, innovative, and transparent organization; adapting work methods to get things done faster; investing in employees to stimulate innovation and increase capacity to meet changing customer needs.
Climate Goals & Targets
Medium-term Goals:
- Double customers’ energy savings to free up 3,500 MW of additional capacity by 2035
Short-term Goals:
- Reduce the number of power outages by 35% over the next 7 to 10 years
Environmental Challenges
- Meeting expected growth in electricity demand
- Reducing greenhouse gas emissions
- Ensuring service reliability and affordability for customers
- Securing sufficient qualified workers (35,000 per year on average by 2035)
- Adapting legislative and regulatory frameworks to the needs of the energy transition
- Building a robust network of suppliers and partner businesses
Mitigation Strategies
- Investing $45-$50 billion in grid durability improvements and $90-$110 billion to meet demand growth by 2035
- Implementing energy efficiency programs to double customer savings (3,500 MW additional capacity)
- Increasing financial incentives for energy-efficient renovations
- Exploring other energy options and deploying transmission infrastructure
- Partnering with Indigenous communities
- Investing in employee training and development
- Working with the government to adapt legislative and regulatory frameworks