Jun 22, 2009
TORONTO, June 22 /CNW/ - Hydro One announced today that it is has been named Canada's Top Corporate Citizen in Corporate Knights Magazine's annual ranking of the best 50 corporate citizens in the country. Corporate Knights Inc. is an independent Canadian-based media company that publishes the world's largest circulation magazine with an explicit focus on corporate responsibility. Corporate Knights defines ranked companies as companies that fulfill their part of the social contract, while innovating solutions to pressing social and environmental challenges of our time. The Corporate Knights Best 50 Ranking is based on environment, social and governance indicators found in the public domain. Baseline indicators included diversity, pension quality and health, board independence, amongst others. This year, aboriginal relations were also weighed as an indicator. "Hydro One and all its employees are pleased and proud to be named Canada's number one corporate citizen," said Laura Formusa, President and CEO of Hydro One. "We recognize that as the steward of Ontario's transmission system, we operate within a public trust and we work hard to maintain that trust." "Our repeat ranking with Corporate Knights is a testament to our commitment to corporate citizenship," added Ms. Formusa. "I want potential employees to say, "Now that is a company I want to work for," and for our customers to say, "Now that is a company with which I feel good about doing business." Hydro One delivers electricity safely, reliably and responsibly to homes and businesses across the province of Ontario and owns and operates Ontario's 29,000 kilometre high-voltage transmission network that delivers electricity to large industrial customers and municipal utilities, and a 123,000 kilometre low-voltage distribution system that serves about 1.3 million end-use customers and smaller municipal utilities in the province. Hydro One is wholly owned by the Province of Ontario.
For further information:
For further information: Hydro One Media Relations 24 hours a day at 1-877-506-7584 (toll-free in Ontario only) or (416) 345-6868. Our website is www.HydroOne.com.