Top company profile: Hydro-Québec
Posted June 30, 2021
The energy provider’s mandate: help Quebecers transition to the low-carbon economy
Sophie Brochu was a couple of months into a long-awaited career sabbatical when the Hydro-Québec board asked her to consider taking the top job at the public utility.
After 30 years in the energy sector, including most recently as president and CEO at Énergir (formerly Gaz Métro), Brochu had planned to split her time between studying in Paris and teaching in Montreal. But it was the start of the global pandemic and Brochu felt a civic duty to help her community in the best way she knew how.Continue Reading...
Man of steel: Decarbonizing one of the most carbon-heavy materials on the planet
Posted July 7, 2020
Chris Bataille's work is slowly but steadily helping the steel sector build a path to a net-zero carbon future
Chris Bataille watched with particular interest as officials around the world pointed to scientific models predicting the progression of COVID-19.
It’s a similar science that Bataille, an energy economist and economic modeller, has been using for more than 20 years to show the impact of rising greenhouse gas emissions on people and the planet.
While his and other climate models haven’t received near the widespread global attention as pandemic-tracking charts used to urge citizens to help “flatten the curve” of the virus, Bataille is hopeful that information will help people take this type of science more seriously.Continue Reading...
Top company profile: Mountain Equipment Co-op
Posted June 25, 2020
Canadian retailer has become a global sustainability leader by putting purpose first
Mountain Equipment Co-op (MEC) has a long history of sustainability as a retail cooperative focused on getting people outside.
Since it was founded in 1971 by a group of west coast mountaineers looking for a place to buy reliable and affordable gear, MEC has vowed to do business differently by building a co-op with democratic principles, as an alternative to private ownership. The company says its grassroots foundation still exists, which is to “make things happen, deal fairly, find strength in community, and inspire adventure.”Continue Reading...
Greening the concrete jungle
Posted June 13, 2019
Are low-carbon aluminum, cement and steel pipe dreams or the blueprint for a brighter future?
The production of steel, cement and aluminum collectively accounts for about 15% of global greenhouse gas emissions and demand for the industrial materials is on the rise. A handful of pilots are underway to develop zero or nearly-zero carbon versions of these carbon-heavy materials, but the pace of change is hampered by a dearth of investment.
Pilot examples include Sweden’s Hybrit, which aims to replace coking coal with hydrogen and electricity; Quebec’s Elysis, described as the world’s first carbon-free aluminum smelting process; and Carbicrete, also from Quebec, which is developing cement-free, carbon-negative concrete.Continue Reading...
Top company profile: The Co-operators
Posted June 4, 2019
The coop insurer sells climate insurance products and then invests those premiums for positive impact
The Co-operators Group, an insurance and financial services organization, is expected to operate differently than many of its financial services peers. The company’s cooperative business model means that profit has to be balanced with the needs of its clients and community. That’s a responsibility the Guelph, Ont.-based company does not take lightly as it tries to boost the sustainability performance of its operations and many of its products and services. For example, the Co-operators was the first insurer to offer water damage coverage in Canada’s most vulnerable areas as well as storm surge coverage in coastal ones providing some protection to people whose homes are standing in the path of increasing climate chaos. The company also provides generous employee benefits such as a mental health package for families in need.Continue Reading...
Power of the people
Posted November 12, 2018
Community ownership of wind farm projects can diminish the backlash against the renewable energy source.
When the 10 turbines started rotating at the Gunn’s Hill Wind Farm in late 2016, they brought more than just green energy to Ontario’s Oxford County – they brought in revenue.
Gunn’s Hill – owned by the Oxford Community Energy Cooperative (OCEC), the Six Nations of the Grand River and developer Prowind Canada – is Ontario’s first community-sponsored wind farm and Canada’s first wind initiative to include both coop and Indigenous ownership.
The $9-million project included individual investments of $1,000 to $10,000 from 136 coop members. The project is meeting its goal of providing a rate of return of between 10 and 11.11 per cent to investors, OCEC executive director Miranda Fuller says.Continue Reading...
2018 top company profile: Hydro-Québec
Posted June 7, 2018
The public utility decided to overhaul its corporate culture in order to become a better corporate citizen.
One sure sign Hydro-Québec is doing something right by its stakeholders is the growing number of requests the public utility says it has been getting to sponsor local sports teams across the province. More employees also appear to be wearing clothing with the company’s logo around the office and out in the community.
“A few years ago, they were shy of putting the logo on them,” says Éric Martel, president and CEO of the public utility, which manages the generation, transmission and distribution of electricity in Québec.Continue Reading...
Top company profile: Saskatchewan Research Council
Posted April 19, 2018
The research and business organization is committed to operating more sustainably
Since it was founded in 1947, the Saskatchewan Research Council (SRC) has been helping companies grow and then later find ways to reduce their energy, water and waste. The SRC has also developed tools that allow companies to analyse their overall carbon footprint.
Then, earlier this decade, the provincial Crown corporation realized it had overlooked one key stakeholder in its mission to improve environmental performance – itself.
“It was a laugh/cry moment a few years ago when we realized we should be applying some of these tools to ourselves,” says Laurier Schramm, president and CEO of the SRC, one of Canada’s leading applied research, development, demonstration and technology commercialization organizations. “We decided that we couldn’t be all that we could be if we weren’t conducting our own business in a responsible manner and if our communities and partners didn’t perceive us to be doing that.”Continue Reading...
Posted October 13, 2017
The world is going to need a lot more steel in the coming decades, but reducing emissions remains a daunting task.
When it comes to building a low-carbon economy, the steel industry is both part of the problem and part of the solution.
Steelmaking is energy intensive and one of the world’s leading industrial sources of greenhouse gases, generating nearly two tonnes of CO2 emissions per tonne of steel produced and accounting for about five per cent of total GHG emissions. On the flip side, steel is essential to building the infrastructure required in a low-carbon economy - everything from wind turbines and electric vehicles to mass transit systems. Another bonus with steel is that it’s recyclable.Continue Reading...
2017 top company profile: Vancity
Posted June 6, 2017
The B.C.-based credit union continues to lead corporate Canada on sustainability.
It would be easy to begrudge Vancity for receiving yet another honour for its corporate citizenship if it wasn’t working so damn hard to earn it.
Canada’s largest community credit union has been tackling some top-of-mind social issues ranging from racism and refugees to gender equality and affordable housing. Meantime, its membership and assets under management keep growing. Today, Vancity manages about $25.6 billion in assets, up seven per cent from 2015, and has a goal to grow that further to $40 billion by 2020. It wants to see its membership reach 600,000, up from about 523,000 today.Continue Reading...