Page 99

Toronto Hydro 2012 CR Report

INTRODUCTION OUR SERVICES OUR WORKFORCE OUR ENVIRONMENTal INITIATIVES OUR COMMUNITY OUTREACH OUR ECONOMIC PERFORMANCE OUR GOVERNANCE, COMPLIANCE AND BUSINESS CONDUCT Occupational Health and Safety (continued) The content of, and compliance with, the Occupational Health and Safety Policy is reviewed annually by the Board. Toronto Hydro’s health and safety performance is reviewed periodically by the Health and Safety Committee of the Board. In 2012, the Total Recordable Injury Frequency was reduced to 2.15 recordable injuries per 200,000 hours worked compared to 2.49 in 2011. Toronto Hydro’s legislated occupational health and safety requirements come under provincial jurisdiction exclusively and all legislated occupational health and safety reporting requirements are complied with. Management assurance that these requirements are met is accomplished by commissioning third party occupational health and safety compliance audits conducted in conformance with our environmental health and safety audit plan. Toronto Hydro’s occupational health and safety policies, programs and procedures are reviewed and approved by management. Quarterly updates are presented to the Board covering current occupational health and safety risks, performance, compliance audit findings, mitigation strategies and other occupational health and safety matters. Board Oversight and Management of Risks In 2010, the Corporation adopted an Enterprise Risk Management Program to provide a consistent and disciplined methodology for the identification, assessment, mitigation, monitoring and reporting of risks applicable to Toronto Hydro. The Enterprise Risk Management Program follows industry best practices and adopts a rigorous top-down and bottom-up approach to integrate risk management into the Corporation’s strategic plan and to manage strategic, operational, financial, employee, health and safety, environmental and external risks. To ensure strong oversight over the risk management process, a formal risk governance structure is in place. The Corporation’s Enterprise Risk Management Program is administered under the supervision of Toronto Hydro’s Vice-President, Strategic Management and Information Technology, who reports and makes recommendations to an executive Risk Oversight Committee consisting of all executive officers of the Corporation and Toronto Hydro. The executive Risk Oversight Committee provides quarterly reports to the Board regarding material risks. The Board is ultimately responsible for the oversight and management of the Corporation’s risks. TORONTO HYDRO 2012 corporate respnosibility report 99


Toronto Hydro 2012 CR Report
To see the actual publication please follow the link above