TransCanada Releases 2015 Corporate Social Responsibility Report12/07/2016
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TransCanada officially released its 2015 Corporate Social Responsibility (CSR) Report, which highlights the company’s commitment to operating safely and in an economically, socially and environmentally sustainable manner.
" For more than 65 years, TransCanada has delivered energy safely and reliably to meet North American demand, so we know from experience that how well we do as a company is inextricably linked to the sustainability of our business practices," says Russ Girling, TransCanada's president and chief executive officer.
TransCanada performance areas, highlighted in the 2015 CSR Report, include:
- $1.5 billion invested in asset integrity and preventative maintenance programs to ensure safe and reliable operations of TransCanada’s pipeline systems
- $45 million invested in research and development
- Nearly $168 million in work generated for Indigenous businesses or their joint-venture partners in Canada and the U.S. for goods, contract services and employment on TransCanada projects and operations
- More than $14.7 million directed to over 1,400 non-profit organizations across North America
- Named to the Climate Disclosure Leadership Index in 2015 by the CDP (formerly Carbon Disclosure Project) with a top score of 99B for TransCanada’s actions to disclose carbon emissions and strategy to mitigate the business risks of climate change
- More than $5 billion invested in emission-less energy sources to date, accounting for over one-third of the power produced by TransCanada
- $679 million paid in income and property taxes that help pay for things such as schools, roads and hospitals
- 8-10 per cent dividend growth expected per annum through 2020
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