Capital Power: Best ESG-Responsible Energy Producer Canada 2020
Headquartered in Edmonton, Alberta, Canada, Capital Power has committed to sustainability since its inception in July 2009. It owns and operates over 6,400 MW of power generation capacity across 28 North American facilities. “We provide power that is affordable, reliable and environmentally responsible,” shared Kate Chisholm, Chief Legal and Sustainability Officer. Evolving their public disclosures from separate financials and sustainability reporting, Capital Power released their first integrated annual report this year, along with its second climate change disclosure. The company aspires to be carbon neutral by 2050. It supports low-carbon power generation through operational efficiency and the optimisation of thermal generating assets, investment in renewable generation, and support to carbon capture and conversion. Capital Power has acquired an interest in C2CNT, which transforms carbon emissions into carbon nanotubes. This product can be used as an additive to substantially strengthen building materials while reducing emissions during manufacture. The company will build the world’s first commercial-scale production facility for carbon nanotubes. Significantly, twenty percent of executive short-term incentives is based on ESG targets. CEO and President Vaasjo declares that “a great culture is resilient to external challenges but won’t withstand internal challenges to trust and honesty. You must lead by example and always do the right thing.” In 2019 Capital Power was named one of Corporate Knights Best 50 Corporate Citizens in Canada for nine consecutive years and is recognised by Ethisphere in 2019 and 2020 as among the ‘World’s Most Ethical Companies’. Additionally, as part of the Carbon Disclosure Project’s (CDP) 2019 evaluation, the company achieved an (A-) for corporate transparency and (B-) for encouraging water security. Capital Power is the 2020 winner of the award Best ESG-Responsible Energy Producer (Canada).
