LONGUEUIL, QC, April 5,
2024 /CNW/ - Innergex Renewable Energy Inc. (TSX:
INE) ("Innergex" or the "Corporation") is pleased to publish its
2023 ESG Report which outlines Innergex's commitment to
improving its Environmental, Social and Governance ("ESG")
performance while continuing to grow responsibly as a leading pure
play renewable energy producer. This year's report marks a
significant milestone in our commitment to transparency,
sustainability, and corporate responsibility, showcasing expanded
metrics, enhanced disclosures, and a deeper integration of ESG
principles into our business practices.
"Our ESG performance is a pillar of our business strategy,
and we are proud of the positive impact our 100% renewable
energy production has in offsetting global emissions," said
Michel Letellier, President and
Chief Executive Officer of Innergex. "At Innergex, we are not only
committed to environmental sustainability, but also to creating a
workplace that is equitable, safe, and inclusive. We continue to
strengthen our relationships with local communities through
partnerships, financial support for grassroots initiatives as well
as sponsorships, donations and volunteering. For over three
decades, Innergex has been delivering the results that our world
urgently needs. Together, we are making a greener world go around,
every day. We will continue on our journey to build the better
world of tomorrow, because our time to make a lasting impact is
now."
The release of the 2023 ESG Report underscores Innergex's
dedication to driving positive environmental and social impact
while delivering long-term value to shareholders. Innergex
recognizes that transparency, accountability, and comparability are
paramount in empowering stakeholders to make informed decisions.
This is why Innergex's sustainability commitments and disclosures
are aligned to the United Nations Sustainable Development Goals
("UNSDGs"), the Sustainability Accounting Standards Board ("SASB")
framework, and the Carbon Disclosure Project ("CDP"). In
November 2022, Innergex also released
its first Task Force on Climate-related Financial Disclosures
("TCFD") aligned Climate Assessment Report. Innergex's
commitment to improving its ESG performance has earned it a first
place ranking in the Corporate Knights Best 50 Corporate Citizens
List, a place on Report on Business magazine's Women Lead Here
list, and a Bronze Parity Certification by Women in Governance.
Key highlights of the 2023 ESG report include:
- Global Reporting Initiative (GRI) Framework: Embraced GRI
framework to ensure consistent and credible disclosures that are
comparable over time and in relation to other organizations.
- Enhanced Employee Training: Significant increase in training
investment empowering team members with the skills and knowledge
necessary they need to thrive in a rapidly evolving business
landscape.
- Amplified Community Benefits: Extended social responsibility
beyond operations through increased contributions to community
development.
- Corporate Volunteer Program: Launched a corporate volunteer
program to provide employees paid time off to engage in meaningful
volunteering initiatives and give back to the communities.
About Innergex Renewable Energy Inc.
For over 30 years, Innergex has believed in a world where
abundant renewable energy promotes healthier communities and
creates shared prosperity, which led to Innergex being recognized
as Canada's best corporate citizen
in 2023 by Corporate Knights. As an independent renewable power
producer which develops, acquires, owns and operates hydroelectric
facilities, wind farms, solar farms and energy storage facilities,
Innergex is convinced that generating power from renewable sources
will lead the way to a better world. Innergex conducts operations
in Canada, the United States, France and Chile and manages a large portfolio of
high-quality assets currently consisting of interests in 87
operating facilities with an aggregate net installed capacity of
3,600 MW (gross 4,234 MW) and an energy storage capacity of 409
MWh, including 41 hydroelectric facilities, 35 wind
facilities, 9 solar facilities and 2 battery energy storage
facilities. Innergex also holds interests in 10 projects under
development with a net installed capacity of 728 MW (gross 826 MW)
and an energy storage capacity of 295 MWh, 4 of which are under
construction, as well as prospective projects at different stages
of development with an aggregate gross installed capacity totaling
10,071 MW. Its approach to building shareholder value is to
generate sustainable cash flows and provide an attractive
risk-adjusted return on invested capital.
To learn more, visit innergex.com or connect with us
on LinkedIn.
SOURCE Innergex Renewable Energy Inc.