2001 Triple Bottom Line Report - BC Hydro

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O U R C O R P O R A T E Sustainability is broadly accepted to mean the state where demands placed on the environment by people and commerce can be met without reducing the capacity of the environment to provide for future generations. Last year BC Hydro recognized sustainability as the core of our business, becoming one of only a handful of companies and C O R P O R A T E D I R E C T I O N | 5 D I R E C T I O N organizations on this planet who have actively committed to balancing social, economic and environmental considerations in everything they do. At BC Hydro, sustainability means we intend to operate forever. It is the best way to grow our business. ENVIRONMENTAL INTEGRATION SOCIAL ECONOMIC
C O M M I T M E N T The decision to adopt the principles of sustainability as the driving force of our business was endorsed by our senior executives and ratified by our Board of Directors in December 2000. The commitment to sustainability reflects BC Hydro’s consideration of environmental, social and economic factors influencing our business, and strategies we have developed to ensure the company’s success across all three bottom lines. Our role is to provide reliable energy supplies for the province’s homes, businesses and industry; to generate the profits necessary for our continued operation and the benefit of society; and to shepherd our energy resources to serve the province in perpetuity. Our goal is to become the leading sustainable energy company in North America by building on our solid base of clean, renewable B E C O M I N G S U S T A I N A B L E BC Hydro is already well-positioned to become a sustainable energy company: over 90 per cent of the electricity we provide is renewable hydropower; we enjoy ongoing profits; public support for our activities is broad and deep; and our environmental record is strong. Our position improved even more last year with the development of a Sustainability Action Plan (SAP), providing more than $100 million T O S U S T A I N A B I L I T Y hydropower, and by embarking on a series of new ventures designed to: • strengthen our portfolio of green and renewable energy resources; • embrace a strong conservation ethic; • offset emissions from thermal generation; • make a significant social contribution; • encourage employee innovation; and • continue our strong financial performance. We believe that being sustainable is good for business, for people and for the planet. We want to be able to operate indefinitely, generating electricity and profits that build strong, livable communities for all British Columbians. in additional funding over the next three years for more than 20 tightly defined efforts in six key areas of our business: • new technology; • environmental initiatives; • new products and services; • social initiatives; • planning and consultation; and • employee initiatives.
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F I N A N C I A L E F F I C I E N C
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C U S T O M E R We create customer
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2001 Triple Bottom Line Report - BC Hydro

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