2001 Triple Bottom Line Report - BC Hydro

G O V E R N A N C E
We have a governance framework in place to provide the
leadership for ongoing success.
Our Board of Directors is appointed by the Lieutenant-Governor
in Council and is accountable to the Province of British
Columbia for the performance, actions and risks of BC Hydro
and its subsidiaries. The Board is also responsible for charting
the corporation’s strategic direction.
The Board strengthened our existing framework in January 2000
by updating a number of policies and procedures, including
those addressing Codes of Conduct for directors and employees.
A L I G N I N G A C T I O N T O S T R A T E G Y
Incorporating sustainability into the core of BC Hydro’s business
activities is done through the Value Based Management
(VBM) program.
VBM provides the basis for integrating management processes and
focusing the entire organization on achieving business results.
We use VBM to manage our business, including aligning operations
to strategy.
VBM involves developing management tools, including Strategy
Maps and Scorecards, that are used first to communicate strategy,
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At the same time we expanded existing provisions to include
explanations of processes for risk management and subsidiary
accountability, and specific executive responsibilities for our
Environmental Management System.
Additional sustainability efforts include the decision to form a
steering committee of senior-level company officials to direct our
Sustainability Working Group, itself comprised of key managers
from across the company and the project leaders for each of the
initiatives undertaken through the Sustainability Action Plan.
and then to align performance management, resource allocation,
initiatives, planning and decision-making.
Our Strategy Maps and Scorecards have been revised to integrate
sustainability considerations into our management systems,
ensuring balanced corporate-wide accountability on our three
bottom lines. Finding ways to measure true critical success
factors, such as intellectual capital and capacity to innovate,
continues to be challenging.