Sutton Integrated Solutions Demo
This is who we are. This is what we value. This is how we do business.
"Being a responsible corporate citizen creates tangible benefits that reduce our environmental footprint, strengthen communities, contribute to innovation and the adoption of better technologies, and build human capacity so that our people remain healthy and safe while developing their careers."
Thank you for taking to the time to read our 2012 corporate responsibility report.
We strive for transparency and balance in our report, which is drawn from data that is collected and analyzed throughout the year.
We aim to present this information in a way that paints a clear and comprehensive picture of who we are, what we value, and how we do business.
Guided by integrity and the highest ethical standards, we are open about our challenges and the areas where we fell short of our goals and expectations.
Mindful of our promise to be accountable and responsible, we disclose and explain our environmental performance with respect to emissions, water, land use, and wildlife.
Driven by a passion for our business and operational excellence, for helping our people to be healthy and safe on the job and at home, and for making our communities vibrant and strong, we are moving in the right direction and we constantly aim for improvement.
Tangible benefits
Being a responsible corporate citizen creates tangible benefits that reduce our environmental footprint, strengthen communities, contribute to innovation and the adoption of better technologies, and build human capacity so that our people remain healthy and safe while developing their careers.
Risk management
Our business is subject to the complexities and risks that are inherent in the various regulatory frameworks and other external circumstances under which we: build, operate, and decommission facilities; raise capital for projects; manage human resources; report financial results; and respond to infractions and violations should they occur.
Managing our risks is an ongoing and carefully considered process. We believe that operating our business in a responsible manner is crucial for the success of our ongoing work to reduce risks to the corporation and to stakeholders in multiple provinces and states.
For example, the safe and reliable construction and operation of our facilities depends on our ability to deliver on commitments to public and employee health and safety.
Challenges in 2012
The competitive and cyclical power generation industry is sensitive to the ups and downs of the business cycle. Our production volumes and revenues are impacted by the market forces of supply and demand and by the general state of the economy and other market conditions.
Low power prices and a North American economy that has been slow to recover have challenged us to find ways of working smarter and spending smarter. We are also dealing with an over-supply of power generation capacity in key markets.
Responding to legislative, regulatory, and political changes at the provincial, state, and national level has required our very best thinking, the development of new plans, and the undertaking of specific activities to ensure we remain sustainable over the long term.
Public interest in our business development, projects, and operations continues to grow as we strive to balance the needs and priorities of our stakeholders with our business activities.
And continuously operating our facilities and growing the business depends on attracting, retaining, and developing the right people, and helping them to stay healthy and safe. This requires ongoing attention and strategic investments and as we strive to make people our competitive advantage.
Milestones and progress
In this year’s corporate responsibility report, we explain how we’re managing the orderly phasing out of coal-powered generation in Alberta, as mandated by the Government of Canada.
We report on our investment in a new state-of-the-art natural gas generation centre in Alberta, our two wind projects that were successfully completed in British Columbia and Alberta, and the two wind projects underway in Ontario.
You’ll find details of our health and safety record and our work towards achieving a “zero injuries” goal by 2015.
Our employee learning and career development activities for 2012 are detailed as well, with a focus on leadership, ethics, and accountability at all levels of the organization.
And the numbers and narratives that explain our ongoing involvement in the communities where our people live and work show the many different ways in which Capital Power is contributing to the quality of life in cities and towns across North America.
How are we doing?
Our business touches many different stakeholders, and we are open to feedback from all. We encourage you to let us know how you think we’re doing, and to provide your thoughts on how we can improve not just this report, but our business operations overall.
Thank you for your interest in Capital Power. We look forward to hearing from you as we continue into our fifth year as an independent power producer.
Brian Vaasjo
President and CEO