TORONTO, Sept. 10, 2020 /CNW/ - Today, Hydro One joined the select group of Canadian companies recognized by the Canadian Council for Aboriginal Business (CCAB) for their commitment to building lasting, strong and mutually beneficial relationships with Indigenous communities. The company advanced from its Bronze level certification in 2017 to a Silver level recognition this year by the CCAB in Progressive Aboriginal Relations (PAR). As part of the PAR Program, companies must recertify every three years. Hydro One's emphasis on sustainability and building lasting partnerships with Indigenous communities has been instrumental in achieving the Silver level certification.
"We are proud to be recognized as a Silver level organization in Indigenous Relations and a trusted partner in advancing reconciliation and building relationships based on understanding, respect and trust," said Imran Merali, Vice President, Indigenous Relations and Customer Service, Hydro One. "By working alongside Indigenous communities, building a more diverse workforce and advancing our sustainability goals, we will continue to aim for a Gold certification to build a better and brighter future for all."
As part of its commitment to building lasting, strong and mutually beneficial relationships with Indigenous communities, Hydro One has:
- Contributed to the growth and development of Indigenous businesses by procuring $41.3M of goods and services in 2019, the highest spend to date;
- Partnered with Indspire to provide educational and training opportunities to Indigenous youth and expanded Hydro One's Leonard S. (Tony) Mandamin Scholarship;
- Collaborated with Indigenous communities on projects that provide long-term community benefits;
- Invested in Indigenous community initiatives to help build safe communities.
The PAR Program provides a high level of assurance through the independent, third-party verification of company reports on measurable outcomes and initiatives in four performance areas: Leadership Actions, Employment, Business Development, and Community Relationships. These verified reports are then reviewed by an independent jury of Aboriginal business people who assign the final certification level.
More details of Hydro One's sustainability priorities and achievements can be found at: https://www.hydroone.com/sustainability.
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.4 million valued customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion. Our team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution networks and supported the economy through buying approximately $1.5 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Company by the Canadian Electricity Association. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at www.hydroone.com; www.sedar.com or www.sec.gov.
Forward-Looking Statements and Information:
This press release may contain "forward-looking information" within the meaning of applicable securities laws. Words such as "expect," "anticipate," "intend," "attempt," "may," "plan," "will", "can", "believe," "seek," "estimate," and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR at www.sedar.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.
SOURCE Hydro One Inc.
