TORONTO, June 29, 2022 /CNW/ - Toronto Hydro has ranked first for corporate citizenship among electricity transmission and distribution utilities in Corporate Knights Magazine's annual ranking. Toronto Hydro also placed ninth in the magazine's annual ranking of the Best 50 Corporate Citizens in Canada.
Corporate Knights Inc. is a Canadian-based organization that publishes one of the world's largest circulation magazines with an explicit focus on the intersection of business and sustainability.
Celebrating its 20th anniversary this year, the ranking is compiled after evaluating 332 Canadian companies against a set of 24 environmental, social and governance indicators, relative to their industry peers and using publicly available information.
The ranking recognizes Toronto Hydro's sustainability achievements, including its commitment to reaching net zero in its operations by 2040, and ongoing efforts to improve reliability, reduce greenhouse gas emissions and foster workforce diversity.
Toronto Hydro would like to thank Corporate Knights for their dedication to this initiative, and congratulates this year's recipients, who each play an extremely important role in building a more sustainable, inclusive and resilient future for us all.
Learn more about our environmental performance by visiting torontohydro.com/environment.
"We'd like to thank Corporate Knights for recognizing our efforts, and congratulate all other winners included in this year's ranking.
As the electricity distribution company powering Canada's largest city, we're continuously working towards building a more sustainable future. This is reflected in our commitment to achieving net-zero in our own operations by 2040."
- Anthony Haines, President and CEO, Toronto Hydro
ABOUT TORONTO HYDRO
Toronto Hydro owns and operates the electricity distribution system for Canada's largest city. Recognized as a Sustainable Electricity Company™ since 2014, it has approximately 788,000 customers located in the city of Toronto and distributes approximately 17 per cent of the electricity consumed in Ontario.
SOCIAL MEDIA ACCOUNTS
Twitter – twitter.com/torontohydro
Facebook – facebook.com/torontohydro
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LinkedIn – linkedin.com/company/toronto-hydro
SOURCE Toronto Hydro Corporation