TransCanada recognised for climate performance

TransCanada’s long-term dedication to investing in emission-less and high-efficiency energy sources, research and development (R&D) and environmental initiatives hasn’t gone unnoticed.

After the CDP’s careful analysis of almost 2000 corporate submissions from around the globe, TransCanada was awarded a position on The A List: The CDP Climate Performance Leadership Index (CPLI) 2014 for its actions to disclose carbon emissions and mitigate the business risks of climate change.

“Receiving a score of 99A and being named to The A List: The CDP CPLI 2014 is extremely rewarding for TransCanada,” says Andrea Jalbert, Vice-President of Community and Sustainability at TransCanada.

The score reflects 99/100 in terms of the extent and quality of TransCanada’s response and an ‘A’ rating for the level of action on climate change mitigation, adaptation and transparency.

This positive news comes on the heels of TransCanada’s score at the 88th percentile on the Dow Jones Sustainability Index (DJSI) for 2014.

All submissions were independently assessed against CDP’s widely-respected scoring methodology and ranked accordingly. TransCanada is one of only 187 organisations to be awarded an A grade for climate performance, earning a position on this global list, ranking corporate efforts to mitigate climate change.

“This score is unprecedented for a Canadian company,” said Cheryl Johnson, TransCanada’s climate change and air emissions advisor. “TransCanada is one of only five Canadian companies on The A List: CDP CPLI 2014, and the list’s only Canadian energy company.”

The A List presents those companies identified as demonstrating a superior approach to climate change mitigation. It was produced at the request of 767 investors who represent more than one third of the world’s institutional investors with a combined portfolio of US$ 92 trillion in assets.

“Recognition at the highest level by the CDP – the international NGO that drives sustainable economies – is significant because we supply 20% of the natural gas North America consumes each day, export a quarter of Canada’s oil supply and are Canada’s largest private power provider. Being relied upon to responsibly deliver these products to consumers takes energy,” says Jalbert. “But for over 60 years we have been committed to the sustainability of both the land and our business, and we will continue to do so. We don’t see those things as being mutually exclusive.”

The implementation of TransCanada’s Environmental Strategy supports company-wide commitment to the environment. That’s one reason TransCanada’s GHG emissions-management successes can be attributed to different activities across the organization. These include implementing technologies to directly reduce or avoid emissions, installing high-efficiency equipment – like the technology to turn waste heat into power – and sponsoring R&D to reduce or avoid emissions and improve measurement.

Many long-term R&D investments over the past 60 years have been geared toward encouraging increased efficiency and implementing environmentally beneficial technologies and techniques. In 2013 alone, TransCanada invested over US$ 22 million in R&D projects with benefits that included ensuring safety, improving efficiency, reducing emissions and environmental stewardship, not just for TransCanada, but to improve industry performance as a whole.

Edited from various sources by Elizabeth Corner

Sources: TransCanada blog, CBSR

Read the article online at: https://www.worldpipelines.com/business-news/23102014/transcanada-recognised-for-climate-performance/