TransCanada releases 2013 Corporate Social Responsibility Report

TransCanada Corporation has officially released its 2013 Corporate Social Responsibility Report. The report was released during Canadian Environment Week as a testament to TransCanada's commitment to operating in an economically, socially and environmentally sustainable manner, while recognising the interests of its stakeholders.

"With the changes in societal demand in terms of understanding what we do, we spent much of 2013 evaluating how we report to our key stakeholders and the factors they are most concerned about," said Russ Girling, President and CEO. "Our 2013 CSR Report highlights the breadth of our stakeholder engagement across the many communities in which we conduct our business."

TransCanada's 2013 CSR Report is structured around 10 material areas of focus: financial performance; ethical conduct; access to new markets; developing its people; health and safety; ensuring its assets are safe and reliable; protecting its communities; Aboriginal, Native American and indigenous peoples; responsible stakeholder relations; and commitment to protecting the environment.

"What you'll see in our CSR reporting going forward is far more detail than you've seen in the past. There's a heightened awareness and concern about what we do. There's also a recognition that what we do is important and essential to people," said Girling. "So it's crucial that we communicate in a transparent and comprehensive way so stakeholders understand what we're doing and that we're working hard to continue to meet the dynamic and changing needs in every community where we operate."

Highlights of the TransCanada 2013 CSR Report include:

• Responsible stakeholder relations: in 2013, TransCanada directed more than US$ 12.7 million to more than 1600 non-profit organisations across North America.
• Commitment to protecting the environment: in 2013, TransCanada's score on the Carbon Disclosure Leadership Index rose to 91, from the previous year's 83, ranking in the top 10 among 200 of Canada's largest companies.
• Ensuring assets are safe and reliable: in 2013 it invested over US$ 22 million in research and development projects focused on the safety and reliability of assets.
• Aboriginal, Native American and indigenous peoples: US$ 66.5 million was spent on Aboriginal businesses or their joint venture partners in 2013 for goods, contract services and employment on TransCanada projects and operations.
• Access to new markets: TransCanada announced US$ 19 billion in new projects in 2013 for future development. Among those new projects are Energy East, Prince Rupert Gas Transmission project, North Montney Mainline project, and the Heartland pipeline and TC Terminals projects. The company acquired the first four of nine solar generation facilities in Ontario, with a combined capacity of 86 MW. It expects four solar facilities to come online in Q4 2014, with the acquisition of the ninth and final facility expected to close in mid-2015, further expanding its renewable energy portfolio.

For more information visit the new website, csrreport.transcanada.com.

Edited from various sources by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/12062014/transcanada_releases_2013_corporate_social_responsibility_report_500/