At our core, we are an energy company with a mission of transitioning the world to renewable energy. Our portfolio is 100% renewable energy, which means we use the sustainable resources of the wind and the sun to produce electricity, minimizing impacts to our environment.
But sustainability is not only about the environment. It is also about how – in pursuit of our success – we engage with our local communities, workforce, partners, shareholders, and other stakeholders to grow our business in a manner that improves and strengthens the interrelated systems our company, and the world, depends on.
As such, we want to share some of our activities in the area of Environmental, Social and Governance (ESG). We are proud of our many efforts on this front and are committed to continuous improvement of our ESG practices, as well as to developing more transparency in our reporting to you – our investors and stakeholders.
Our business is built around the core values of creative energy and spirit, pride of ownership and follow-through, and a team first attitude, which guide us in creating a safe, high-integrity work environment, applying rigorous analysis to all aspects of our business, and proactively working with our stakeholders to address environmental and community concerns.
As a continual reminder of our commitments, we have three values statements that are signed by our CEO, framed, and hanging in all of our corporate offices and renewable energy facilities operating around the globe.
These emphasize our commitments to protecting our workforce and the public, to respecting the communities and cultures where we develop and operate projects, and to minimizing our environmental impacts.
Each values statement has an underlying management system – the Safety Management System, the Community Management System, and the Environmental Management System – that provides a programmatic foundation to meeting our commitments.
Read more below about our ongoing ESG practices and activities. We will continue to increase our disclosure of key metrics related to our ESG performance. In the interim, requests for additional information not currently found on our website, should be directed to email@example.com.
We believe there is no compromise for a safe workplace, respecting the communities and cultures where we do business leads to better renewable energy projects, and strong labor management practices uphold a healthy organization.
We believe strong governance is vital to meeting our growth and sustainability objectives.
Strategic foresight coupled with a sound governance structure provides the platform needed for the accountability and transparency that creates value.
At a bare minimum, our governance and ethics activities are based on the regulatory regimes in the local jurisdictions where we operate. Where local jurisdictions’ regimes are not up to our standards, we embrace those set in other jurisdictions that allow us to apply best-in-class procedures to our operations.
Regular reporting to the Board of Directors and investors describes risks, performance, and goals for scaling clean energy in the marketplace in a manner that emphasizes strong business ethics.
Our Board of Directors follows the procedures and standards set forth in our corporate governance documents.
The below metrics demonstrate our commitment to transparency on board composition and diversity, as well as board and executive compensation.
|Women board members||33%|
|Director average age||66|
|Director meeting attendance||92%|
|Board age range||56 - 73|
|Independent director compensation||$169,500|
|Total CEO comp||$1.9 M|
|Top 5 executive average compensation||$1.4 M|
Moving beyond compliance, we are working towards aligning our ESG practices and disclosures to GRI Standards, as well as the UN Sustainable Development Goals and the Equator Principles in order to better meet stakeholder interests and demonstrate industry leadership.
We believe renewable energy sources are fundamental to producing energy in a way that respects the integrity of our environment.
We track the carbon dioxide emissions avoided and water conserved by the clean energy we generate at each facility compared to coal-fired generation. Compared to the average carbon dioxide emissions and water consumption of U.S. coal-fired generation, the amount of renewable energy generation that we operate:
Conserves nearly 7 billion gallons of water each year – enough to meet the needs of more than 200,000 people.
Avoids the emissions of more than 12 million metric tons of CO2 every year – equal to taking 2.6 million cars off the roads.
We consider it our responsibility to produce and transport clean, renewable energy to consumers with the least amount of natural impact. Our objective is to be a leader in the advancement of best practices for the identification, assessment, and mitigation of our environmental impacts.
Whether it’s replanting local vegetation or protecting endangered species, we care about making a positive impact in the communities we’re a part of.