Enbridge Inc. (Enbridge or the Company) hosted its ESG Forum webcast on 28 September, highlighting the Company's industry leading approach to Environmental, Social, and Governance (ESG) practices.
"Over the last two decades our leading environmental, social and governance practices have set the bar for energy delivery in North America," commented Al Monaco, President and Chief Executive Officer at Enbridge. "We're continuing to raise that bar by combining our conventional and renewable capabilities to create differentiated energy infrastructure solutions that align with our goal of net-zero emissions by 2050."
"Our recently announced acquisition of the Ingleside Energy Centre export terminal is a great example of how we're aligning our operations with our emissions goals," added Mr. Monaco. "We're committed to building on-site solar self-power facilities, which will result in net-zero facility emissions and contribute to local scope three emissions reduction."
In 2020, the Company announced new goals to lower emissions, further diversify its workforce and maintain the safety and reliability of its systems. Enbridge's goals include:
- Net-zero GHG emissions by 2050, and an interim target to reduce GHG emissions intensity 35% by 2030;
- Increased representation of diverse groups within Enbridge's workforce and its Board of Directors by 2025, as well as new actions to enhance supplier diversity; and,
- Transparent safety and reliability targets that drive towards the goal of zero incidents, injuries and occupational illnesses.
In 2021, the Company has continued to advance its ESG and energy transition leadership position. Highlights of Enbridge's progress include:
- Linking of company-wide compensation to ESG goals and performance;
- Issued approximately US$3 billion of financing linked directly to our ESG goals;
- Indigenous workers on the Line 3 US Replacement represented 7% of the workforce;
- Completion of a third solar self-power facility, and four more are now under construction;
- Sanctioned the 448MW Calvados offshore wind project in France, Enbridge's sixth offshore wind facility in Europe;
- Placed third renewable natural gas (RNG) project, the Dufferin RNG facility, into service in Ontario.
Formation of New Energies Team
Over the last two decades, Enbridge has developed and built nearly US$8 billion in renewable infrastructure in Canada, the United States and Europe. Today, the Company's full suite of development, construction and operating capabilities rival the largest renewable companies in North America. The Company has announced its Renewable Power division is expanding to include a dedicated and centralised New Energies team that will advance low-carbon energy infrastructure opportunities across Enbridge's energy delivery businesses. The team will leverage and build upon Enbridge's early investments in the areas of RNG, hydrogen, and carbon capture, utilisation and sequestration (CCUS), as well as other low-carbon technologies.
Matthew Akman, Senior Vice President will expand his responsibilities of Corporate Strategy and Renewable Power to include New Energies.
"The formation of our New Energies team further strengthens the execution of our low-carbon strategies, advancing our differentiated energy delivery capabilities and positioning us well for energy transition," said Mr. Monaco.
New partnerships to develop North American low carbon infrastructure
In combination with the creation of the New Energies team, we're pleased to announce the following partnerships which will support Enbridge's strategies and ESG ambitions:
"Today, Enbridge announced a memorandum of understanding (MoU) with Shell to develop low-carbon energy solutions where synergies exist across both company's North American businesses. Under the terms of the MoU, Enbridge and Shell will explore opportunities to leverage each other's assets and capabilities across the continent and develop a range of decarbonisation solutions that support the achievement of company-specific and customer emissions reduction goals. This will include both companies collaborating on potential green and blue hydrogen production, renewable power generation where the parties bring unique strengths, and carbon capture and sequestration opportunities, which at present excludes the Alberta market given various opportunities already under development. This agreement brings together two of the energy industry's ESG leaders and leverages complimentary assets and experience to drive innovative low-carbon energy infrastructure and fuels."
Enbridge also announced a partnership with Vanguard Renewables, a leading US developer of RNG infrastructure. Under the partnership, Vanguard Renewables will initially build and operate up to 8 digesters in the US Northeast and Midwest capable of producing approximately 2 billion ft3/y of RNG from food and farm waste, with Enbridge investing up to an estimated US$100 million in RNG upgrading, transportation and marketing services that leverage its extensive energy infrastructure assets and capabilities. This partnership positions Enbridge as the partner of choice for future Vanguard mixed-waste RNG development projects.
The full presentation is posted on Enbridge's website in the 'Events and Presentations' section, with a webcast replay and event transcript available.
Read the article online at: https://www.worldpipelines.com/business-news/29092021/enbridge-hosts-inaugural-esg-forum/