Sustainability Reporting Initiative

Sustainable Investments

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.

Giving Back

Innergex prides itself on being a responsible corporate citizen. Establishing and maintaining a local presence in the communities where we operate is an important aspect of our development strategy. Each year, the Corporation supports many initiatives in areas focused on environment and sustainability, community and culture health and research, sports and leisure as well as education and engagement. Innergex stays active in various projects that reflect its values and development priorities, as well as various Indigenous, local and regional community initiatives. Investing at the grass roots level in these communities can oftentimes bring about positive social change.

In 2019, Innergex had a wider reach with financial or in-kind support to 174 organizations, 54 more than in 2018.

Through sponsorships, donations and memberships, we strive to make a positive impact by being a good neighbour and support sustainability initiatives that make important impacts on people’s daily lives.

Sharing Prosperity

At Innergex, being a partner of choice on renewable energy projects is something we take great pride in. Innergex is among the first independent renewable energy producers in Canada to understand the value of partnering with Indigenous communities and municipal governments to share in the wealth generated through clean, local energy generation.

Our ability to understand and adapt to each community’s individual needs has been a hallmark of how we approach each project. Whether it be through shared economic benefits, employment opportunities, shared ownership, partnership agreements, event sponsorships, community investment, or becoming involved in community associations, we recognize our responsibility and opportunity to help bring socio-economic development to local and Indigenous communities.

Especially when our projects are located far from major urban areas, they offer a long-term source of revenue that is injected back into municipalities to build further capacity, create jobs and add value to their economies. The first community project developed by Innergex, the Viger-Denonville community wind farm in Quebec, has been in operation since 2013 and will continue to share the value generated by the facility with the Regional County Municipality of Rivière-du Loup annually throughout the duration of the 20-year power purchase agreement.

Legacy Projects

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.

Legacy Projects

Project Amount Contributed Location
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.

Tax Income

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.

Policies

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: