TransCanada’s 2014 CSR Report was released today during Canadian Environment Week as a testament to the company’s focus on CSR and commitment to operating safely and in an economically, socially and environmentally sustainable manner.
“The growing global demand for energy has generated discussion around how we access the important resources we rely upon,” says Russ Girling, TransCanada’s president and chief executive officer. “As a leading energy infrastructure company, we are taking a collaborative approach to the sustainability conversation.”
In 2014, TransCanada continued to deliver energy to North Americans, safely and responsibly. This includes 20 per cent of the natural gas consumed across the continent, 20 per cent of Canada’s crude oil exports to U.S. markets and enough energy to power 11 million homes, with over 30 per cent generated from emission-less sources.
“For over 60 years, we have considered every business decision in terms of our ability to deliver the energy that North Americans need, safely, reliably and responsibly every day,” says Girling. “Today we recognize operating responsibly means working even more closely with our stakeholders as we build projects to meet the growing global demand for affordable energy.”
Performance areas highlighted in the 2014 CSR Report include:
- Invested $1.3 billion in pipeline integrity and preventative maintenance programs and completed more than 120 emergency exercises and drills across our network of assets.
- Generated $104 million in work for Indigenous business or their joint-venture partners and directed more than $14.6 million to over 1,400 non-profit organizations across North America
- Received a score of 99A- from the CDP (formerly the Carbon Disclosure Project) and ranked second in disclosure out of 200 of Canada’s largest companies
- Paid $582 million in income and property taxes that help pay for things such as schools, roads and hospitals and generated net income attributable to common shares of $1.7 billion ($2.46 per share)