TransCanada releases CSR 2014

TransCanada Corporation has released its 2014 Corporate Social Responsibility (CSR) Report. The 2014 CSR Report was released during Canadian Environment Week as a testament to the company's focus on CSR and commitment to operating safely and in an economically, socially and environmentally sustainable manner.

"The growing global demand for energy has generated discussion around how we access the important resources we rely upon," says Russ Girling, TransCanada's President and Chief Executive Officer. "As a leading energy infrastructure company, we are taking a collaborative approach to the sustainability conversation."

In 2014, TransCanada continued to deliver energy to North Americans, safely and responsibly. This includes 20% of the natural gas consumed across the continent, 20% of Canada's crude oil exports to US markets and enough energy to power 11 million homes, with over 30% generated from emission-less sources.

"For over 60 years, we have considered every business decision in terms of our ability to deliver the energy that North Americans need, safely, reliably and responsibly every day," says Girling. "Today we recognise operating responsibly means working even more closely with our stakeholders as we build projects to meet the growing global demand for affordable energy."

Performance areas highlighted in the 2014 CSR Report include:

Safety

• Invested CAN$1.3 billion in pipeline integrity and preventative maintenance programmes.
• Completed more than 120 emergency exercises and drills across our network of assets.

Society

• Generated CAN$104 million in work for Indigenous business or their joint-venture partners.
• Directed more than CAN$14.6 million to over 1400 non-profit organisations across North America.

Environment

• Received a score of 99A- from the CDP (formerly the Carbon Disclosure Project) and ranked second in disclosure out of 200 of Canada's largest companies.
• Engaged more than 900 scientists and over 180 municipalities in the Energy East Pipeline Project's environmental and socio-economic impact assessment, received environmental assessment certificates for the Coastal GasLink and Prince Rupert Gas Transmission Projects and the January, 2014 release of Keystone XL's Final Supplemental Environmental Impact Statement by the US. State Department indicated the project would have minimal impact on the environment.

Economy

• Paid CAN$582 million in income and property taxes that help pay for things such as schools, roads and hospitals.
• Generated net income attributable to common shares of CAN$1.7 billion (CAN$2.46 per share) for the year ended 31 December, 2014.

TransCanada operates a network of natural gas pipelines that extends more than 68 000 km, tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with 368 billion ft³ of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 10 900 megawatts of power generation in Canada and the US. TransCanada is developing one of North America's largest liquids delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. 

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/04062015/transcanada-releases-csr-2014/