Air Emissions, Climate Change; Waste, By-products & Recycling; Hazardous Waste and Spills Management Corresponding GRI G4 Aspects: Emissions, Effluents & Waste, Compliance GRI General Standard Disclosures: EU1, EU2, G4-14 GRI Specific Standard Indicators: EN15, EN16, EN19, EN23, EN24, EN29 TORONTO HYDRO 2014 CORPORATE RESPONSIBILITY REPORT 53 INTRODUCTION MATERIALITY AND STAKEHOLDER ENGAGEMENT OUR WORKFORCE SUSTAINABLE BUSINESS AND OPERATIONS OUR ENVIRONMENTAL FOOTPRINT SUPPORTING OUR COMMUNITY GOVERNANCE AND ETHICS Material Aspect for Toronto Hydro Corporation: G4-14 Precautionary approach We have policies and standards in place to protect the natural environment and they are aligned with the Precautionary Principle14. Our Environmental Policy’s core principles require that we consider the environment in our business processes. In 2013, we established and continue to maintain an environmental management system that is registered as conforming to the requirements of ISO 14001: 2004. The basis of ISO 14001 is to assess all environmental impacts of our operations and determine the significant environmental aspects — which are similar to significant environmental risks. Programs are established to manage these risks (significant aspects), and activities and results are reported regularly to senior management and the Corporation’s Board of Directors. In our business, the Precautionary Principle would apply primarily to the potential harm caused by the release of greenhouse gases (GHG) from fossil fuels and spills that release substances into the natural environment. For GHGs, we work with customers to conserve electricity and implement energy efficiency initiatives in our facilities, which reduces associated GHGs. For spills, we have implemented a spill prevention program. Internally, we are increasing engineering controls to reduce energy consumption and the associated GHGs for our buildings and fleet. We are working to eliminate PCBs from our distribution equipment and to implement process and design improvements to prevent the release of spills into the environment (covered later in this chapter). Management approach to greenhouse gas emissions Corresponds with Toronto Hydro’s Material Aspect: Air Emissions Toronto Hydro’s approach to managing GHG emissions is to support the City in its efforts to reduce GHG emissions. In 2014, we evaluated anti-idling technology, launched a facilities consolidation program to reduce the square footage per employee of the buildings we occupy, and completed a number of energy-efficient retrofits at our location at 500 Commissioners St. These and other initiatives are described in greater detail throughout this chapter. Similarly, we’re also focused on our energy usage and its related environmental impacts. We report on energy efficiency and renewable energy efforts. Our GHG emissions are below the required reporting threshold for Environment Canada’s National Pollutant Release Inventory15. This report represents Toronto Hydro Corporation’s public disclosure of its carbon footprint. 14 The Precautionary Principle refers to the approach taken to address potential environmental impacts as defined by the United Nations (UN) Declaration, ‘The Rio Declaration on Environment and Development’, 1992, Principle 15 states that: “In order to protect the environment, the precautionary approach shall be widely applied by States according to their capabilities. Where there are threats of serious or irreversible damage, lack of full scientific certainty shall not be used as a reason for postponing cost-effective measures to prevent environmental degradation.” 15 The Canada Gazette Section gives notice pursuant to Section 46(1) of the Canadian Environmental Protection Act, 1999 that any company which releases more than 50 kilotonnes of carbon dioxide equivalent (CO2e) shall report their total CO2e emissions to the National Pollutants Release Inventory.
Toronto Hydro 2014 CR Report_FINAL
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