Sustainability Reporting Initiative
We help drive socio-economic opportunities with strategic investments.
The long-term sustainable investments we undertake go beyond helping jurisdictions transition to a carbon-neutral economy. An important aspect of Innergex’s development strategy is sharing the wealth it generates with the communities where it conducts its operations. Working with governments, NGOs, community organizations, and educational institutions, we provide funding and expertise to ensure that our commitments not only have an impact on today but contribute to a community’s long-term success by balancing social, environmental, and economic considerations.
Our long-term relationships with the communities that host our facilities are an important aspect of our development strategy. Priorities are given to legacy projects that have the ability to act as catalysts for further economic development initiatives. Some major investments over the years have included a pedestrian suspension bridge, the creation of a kayak park, development of a nature trail and the projected installation of solar panels on a historic theatre. These initiatives not only bring a sense of civic pride but are enjoyed by locals and visitors alike while valorizing outdoor recreation and protecting the environment.
|Rutherford Creek Kayak Park||Approximately $600,000 in construction and $7,500/year for 20 years||British Columbia|
|Cascade Falls Suspension Bridge||$225,000||British Columbia|
|Friendship Trail Bridge||$500,000||British Columbia|
|Support free shuttle services carrying canoes upstream on the Portneuf River||$20,000/year for the life of the project||Quebec|
|Chutes-de-la-Chaudière Park||$250,000/year for park management||Quebec|
Fish and Wildlife Monitoring Programs
Innergex takes great care in ensuring our impact on terrestrial and aquatic life is mitigated, minimized or avoided at all times. We invest in considerable short and long-term programs that run during the early development stage right through the operational phase. Before and after data are compared to confirm predictions made during project permitting.
Much of the monitoring is carried out by independent third-party specialist environmental consultants with involvement by our Indigenous partners. For some projects, we have partnered with NGOs or academia by providing the necessary capital and support to conduct multi-year, academic-level monitoring programs. Monitoring results contribute new data and knowledge and have provided valuable research insight in some instances that has greatly added to the industry’s understanding of the environmental issues associated with renewable energy development.
The type of facility, its geographic location, social acceptance and regional regulatory requirements are all considerations taken into account when designing a monitoring program. For example, at our hydroelectric facilities, the programs typically focus on aquatic and terrestrial life, while at a wind farm the focus is on terrestrial and avian species, including birds and bats. In British Columbia, we recognize that mountain ecosystems differ in biodiversity from the more grassland environment of Texas. We understand that every location is unique and requires its own planning and attention.
Our facilities generate substantial tax revenues, through land use, construction and operational activities, and day-to-day business activities, for the jurisdictions in which they operate. Innergex continues to engage in responsible tax practices and provides transparency to both its shareholders and applicable regulatory bodies. Our filings are audited by an independent third party and presented on a quarterly basis and each year at our Annual General Meeting in May.
Innergex’s policies are designed to guide the Corporation and its employees to ensure compliance in all aspects of its business. These policies ensure the sustainable growth of the Corporation through supporting employees with information-sharing and training, providing transparency with shareholders and the public, and clearly laying out the Corporation’s vision for ethical and acceptable behaviour. The policies are reviewed on an annual basis and updated accordingly. Policies relevant to this section include: