2001 Triple Bottom Line Report - BC Hydro
2001 Triple Bottom Line Report - BC Hydro
2001 Triple Bottom Line Report - BC Hydro
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
MESSAGE FROM THE PRESIDENT AND CEO<br />
Our mission is to provide integrated energy solutions to our customers in an environmentally and socially responsible manner.<br />
In other words, to provide power in a way that is sustainable in the long term. We believe it is essential not only to make a profit,<br />
but also to care about people and protect the environment – and to be accountable for all three. We call it our “<strong>Triple</strong> <strong>Bottom</strong> <strong>Line</strong>.”<br />
Welcome to <strong>BC</strong> <strong>Hydro</strong>’s third annual <strong>Triple</strong> <strong>Bottom</strong> <strong>Line</strong> <strong>Report</strong>, documenting our most recent steps towards our goal of being<br />
North America’s leading sustainable energy company. I am pleased to report we are making progress in our journey towards<br />
sustainability, and are confident the right conditions are being created for success to continue.<br />
Last year, <strong>BC</strong> <strong>Hydro</strong> formally adopted sustainability as the driving force of our business. Becoming sustainable means we must<br />
continue to excel in areas of fundamental strength – <strong>BC</strong> <strong>Hydro</strong>’s base of clean, renewable hydropower, our healthy finances,<br />
the strong relationships we have developed across the province and the company’s excellent reputation for environmental<br />
stewardship – and build core competencies across our three bottom lines. Becoming sustainable also means improving or<br />
accelerating progress in areas where we know we must do better. For example, building a strong and capable organization,<br />
consulting more effectively with employees and external stakeholders, setting targets for our <strong>Triple</strong> <strong>Bottom</strong> <strong>Line</strong> performance, improving<br />
our eco-efficiency and making more decisions using sustainability frameworks as our guide are areas we will focus on over the next few<br />
years. In short, we can become sustainable not by doing something new but by directing our existing strengths towards different goals.<br />
Significant progress is underway, and is discussed on the following pages of this year’s report. We have taken firm steps<br />
to acquire more energy from green sources that are renewable, environmentally friendly, socially responsible and licensable.<br />
Until the day greener sources become more widely available and reasonably priced, we also have strengthened existing<br />
<strong>BC</strong> <strong>Hydro</strong> commitments to reduce the greenhouse gas emissions that come with new natural gas generation. At the same<br />
time, we continue to engage stakeholders throughout B.C. in Water Use Plan processes to ensure consensus on allocating<br />
water resources for power generation and other uses.<br />
While much work remains to be done, I expect <strong>BC</strong> <strong>Hydro</strong>’s core strengths – our hydropower base, good financial health,<br />
excellent environmental record and our determination to improve and excel – will carry us a long way towards sustainability.<br />
We are serious about achieving an optimum balance of environmental, social and economic considerations in everything we<br />
do, because it’s the right thing to do. The journey towards sustainability is good for business, for people and for the planet.<br />
I invite you to review our most recent progress on the following pages, and to contact me if you have comments or concerns<br />
about our performance.<br />
Sincerely,<br />
Michael Costello<br />
President and Chief Executive Officer