Leading renewable energy company Pacific Hydro released on December 19, 2012, its first combined Annual Review and Sustainability Report. The publication covers Pacific Hydro’s business and sustainability performance during the 2011-12 Australian financial year.
Privately owned by Industry Funds Management (IFM) since 2005, which is owned by a large number of Australian superannuation funds, Pacific Hydro has voluntarily published sustainability reports for the last three years.
“Our first combined Annual Review and Sustainability Report is an important step towards improving the communication of our business and sustainability performance to our stakeholders,” said Pacific Hydro Chief Executive Officer Rob Grant.
“We started reporting our sustainability performance in 2009 and won ‘Best SME Report’ at the Corporate Responsibility Reporting Awards 2011 for that initial effort. Our 2012 combined report incorporates the lessons learned since then, and provides a deeper insight into our business as we celebrate 20 years of clean energy.”
“The process of determining the key topics covered in this year’s report was extensively driven by feedback of our stakeholders and I’d like to thank them for their assistance,” said Mr. Grant.
Key highlights during the year include:
- 20 years of clean energy celebrated
- 1.8 million megawatts of clean renewable energy produced
- 1.2 million tonnes of CO2-equivalent emissions abated
- completed the 111 MW Chacayes run-of-river hydro plant in Chile on time and budget
- voluntary turnover reduced by 3%
- Inclusion and Diversity strategy launched
- A$ 377,000 invested into local communities
- more than A$ 642,000 spent on training and development opportunities for employees
The Pacific Hydro Annual Review and Sustainability Report 2012 is based upon the Global Reporting Initiative (GRI) Reporting Framework, a comprehensive sustainability framework that is widely used around the world.
Source: Pacific Hydro Australia.
About Pacific Hydro
Pacific Hydro is a leading renewable energy company, producing clean power from natural resources. Founded in Australia in 1992, the company has been powering a cleaner world – by identifying, delivering & operating clean energy projects and providing carbon abatement products & services to its customers across the globe. As a clean electricity retailer in Australia, the company also helps medium & large organisations to meet their sustainability and carbon reduction objectives. With hydro, wind, solar & geothermal power projects at varying stages of development, construction & operation in Australia, Brazil & Chile, the company continues to provide strong returns for the environment, local communities & investors. Pacific Hydro is a wholly owned subsidiary of the Industry Funds Management (IFM) Australian Infrastructure Fund. For more information, visit www.pacifichydro.com.au.