Announcing ESG commitments, including advancing work with Indigenous communities, greenhouse gas (GHG) emission reduction plans and renewed commitment to net-zero emissions by 2050.
Trans Mountain Corp. announced today the release of its 2021 Environmental, Social and Governance (ESG) report. The report communicates Trans Mountain’s 2021 ESG performance and highlights key commitments over the next two years.
Highlights from the report include:
- Building relationships with Indigenous communities – Engaged more than 760 Indigenous businesses (over 15% of the total businesses hired); and have 69 agreements with Indigenous communities valued at more than CAN$600 million.
- Progressing biodiversity, land and water stewardship – Conducted more than 15 000 person days of environmental inspection on the Expansion Project and invested over CAN$20 million in archaeological studies.
- Improving employee and contractor safety – Employees experienced zero recordable injuries and zero lost-time injuries in 2021, strengthened approach to safety on the Expansion Project and introduced a Green Hand programme for new workers.
The report outlines 18 ESG commitments, which include the establishment of an Indigenous Advisory Council to help guide reconciliation efforts, the creation of an Indigenous Reconciliation Action Plan, and an Expansion Project construction emission offset plan in 2023. “Trans Mountain remains committed to managing our ESG efforts responsibly and enhancing our performance over time,” said Rob Van Walleghem, President (Interim), Trans Mountain Corp. “Our respect for Indigenous communities is woven into the fabric of Trans Mountain. It is embedded into all ESG goals and objectives. We know there is still work to do, and we look forward to communicating our efforts and providing updates on our commitments.”
The company is governed by an experienced Board of Directors and driven by a strong leadership team managing the business with transparency, attention to a long-term vision of growth and competitiveness, and a strict adherence to ethics and compliance. Trans Mountain has formally incorporated responsibility over ESG matters (including climate-related risks) into Board committee mandates.
The report was created in alignment with the United Nations Sustainable Development Goals (SDGs), the Sustainability Accounting Standards Board (SASB), Oil and Gas-Midstream and the Task Force on Climate-related Financial Disclosures (TCFD).
Trans Mountain supports the Government of Canada’s ambition to be net-zero by 2050, and has set targets to reduce and/or offset Scope 1 and Scope 2 emissions. A GHG emissions reduction plan will be published by the end of 2022.
Trans Mountain plays a crucial and key role by providing Canadian producers with a critical transportation link and access to higher value, global markets for Western Canadian supply to Pacific Rim demand. Trans Mountain strives to balance the economic, social and environmental impacts of activities involving existing operations and Expansion Project construction to ensure the pipeline system remains a vital link for all Canadians.