Tidewater Renewables Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Renewable fuels (Renewable Diesel, Renewable Natural Gas, Renewable Hydrogen)
- Community engagement
- Health and safety
- Diversity and inclusion
Environmental Achievements
- Produced Renewable Diesel at HDRD facility will reduce consumer carbon intensity by 80-90% compared to fossil fuel-based diesel
- Building Canada’s 1st Renewable Diesel and Renewable Hydrogen (HDRD) facility
Social Achievements
- Team growth from three to 35 employees in 18 months
- Launched Employee of the Month award
- Invested in local organizations supporting new immigrants, youth mental health, and children in low-income families
- Completed a gender pay equity analysis in Q1 2023
Governance Achievements
- 25% of Tidewater Renewable’s Board of Directors are women
- Total Recordable Injury Frequency (TRIF) of 0.31 for construction of HDRD facility (as of March 31, 2023)
- ESG Committee meets bi-weekly to review ESG priorities and plans