Bc Hydro 2010 Annual Report Utilities Canada 4 actiOn Background: BC Hydro provides energy solutions to customers in an environmentally and socially responsible way, balancing British Columbians’ energy needs with the concerns of the environment. The Company operates 30 hydroelectric facilities and three natural gas-fueled thermal power plants, generating between 43,000 and 54,000 GWh of electricity annually. As a Crown corporation, BC Hydro is accountable to British Columbians to take care of the environment, meet community needs and deliver excellent financial results, therefore the Company takes a triple bottom line approach to measuring their performance and taking better business decisions. BC HYDRO ANNUAL REPORT 2010 BC Hydro was one of the first companies to move towards integrated reporting, taking a triple bottom line approach to reporting in their Annual Report since 2003. content review: Stakeholder engagement is given prominence throughout the Report, demonstrating an acknowledgement by the Company that building a sustainable energy future also includes building positive relationships with communities and stakeholders. Although there is recognition of the Company’s responsibility to meet the future energy needs of its direct stakeholders (the province of BC), there is little information provided regarding the Company’s role in seeking to influence or support wider issues. In line with the Company’s stated triple bottom line approach, financial and non-financial information is presented consistently throughout the Report, often with non-financial issues taking the lead and being discussed first. The summary performance information informs the reader of targets set for 2013 and the subsequent reporting is structured around the Company’s guiding principles: safety; reliability; climate change and environmental impact; energy conservation and efficiency; financial targets; customer satisfaction and people. There is a clear step in the right direction with a connection being made between energy savings and the development of cost effective energy programmes, however, the energy measure savings reported are cumulative in nature as opposed to direct, quantified cost savings. a priority for Bc Hydro is to ensure that we align our integrated reporting with what’s material to our business and our stakeholders in a way that supports our strategic direction. See page 56 for comment from BC Hydro Summary: BC Hydro integrated their Annual and triple bottom line Reports into one comprehensive document in order to provide readers with information on their economic, environmental and social performance. This report clearly shows the commitment by the Company to integrating each of the three aspects into their Company strategy, decision making and management processes at all levels of the organisation. 30 The integrated journey
