Sustainability Reporting Initiative

Sustainable Investments

 

We help drive socio-economic opportunities with long-term investments.

The long-term sustainable investments we undertake go beyond helping jurisdictions transition to a low-carbon economy. Innergex prides itself on sharing the wealth it generates with the communities where it conducts its operations in a myriad of ways. 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 address our belief in long-term sustainable development that balances social, environmental, and economic considerations. The environmental monitoring programs and research we have developed and funded, often with academic or third-party independent partners, have played a part in increasing scientific understanding of the natural world.

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 the environmental, economic, health, and educational categories. 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 2018, we were proud to have supported over 120 organizations.

A Respectful Neighbour

Innergex is committed and has a lengthy track record of being a positive presence in the communities in which we operate. It is important for us to become active members who participate and promote regional economic development opportunities. We oftentimes lend our support to grass roots organizations, sports and youth programs, and sustainability initiatives that make important impacts on people’s daily lives. Through sponsorships, donations and memberships, we strive to make a positive impact by being a good neighbour.

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
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
Wi-Fi Internet Access for residents of Upper Squamish Valley provided through Ashlu Creek Foundation $80,000 British Columbia

Sharing Wealth

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.

Environmental Monitoring Programs

Protecting the environment and developing our natural resources responsibly is one of the key development principles Innergex adheres to. From conception to construction through operation, we invest in environmental monitoring programs to help us understand the terrestrial and aquatic environments around our projects. Our environmental assessment programs begin before we break ground (with environmental assessment and baseline data collection) and continue years after the first electrons are produced in our facilities. Much of the monitoring and analyses are carried out by independent third-party specialist environmental consultants. For some projects, we have partnered with NGOs or academia by providing the necessary capital required to conduct multi-year and comprehensive monitoring programs.

The monitoring results contribute new data and knowledge to a relatively under-researched area and can greatly add to our understanding of the environmental issues associated with renewable energy development.

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.