2022 Ontario Power Generation ESG Report

Ontario Power Generation (OPG) has released our annual Environmental, Social, and Governance (ESG) Report, outlining our 2022 ESG performance and practices, including our climate change initiatives, significant efforts toward becoming a more equitable, diverse, and inclusive company, and demonstrable progress on our Reconciliation Action Plan.

Recently approved by OPG’s Board of Directors, the report also highlights the wide range of direct and indirect contributions to the province’s economy, community wellbeing, and social fabric.

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Report Highlights:
  • Who we are
  • Message from the Board Chair & President
  • What ESG means to OPG
  • 2022 performance highlights
  • ESG pillars

Our commitment to ESG & sustainability

Being a responsible corporate citizen is at the heart of everything we do and is fundamental to our environmental, social, and governance (ESG) performance.

Who we are

A worker in orange protective gear examines a turbine at Ranney Falls hydroelectric station.

OPG is a climate change leader with one of the most diverse generating portfolios in North America.

We invest millions in local economies and employ thousands of people to maintain a modern, sophisticated energy fleet. We also partner with local, environmental, and Indigenous groups to improve the wellbeing of our site communities. Over OPG’s 20-plus-year history, our reliable, clean electricity has powered the lives of millions, and we continue to provide more than half the power Ontarians rely on every day.

Having delivered one of the world’s single largest climate change actions by closing our coal stations, OPG is now working to electrify life in one generation and achieve our goals of becoming a net-zero company by 2040 and enabling a net-zero economy by 2050.

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A year of ESG progress

Highlights of OPG’s 2022 ESG progress include:

  • Advancing the goals set out in OPG’s Climate Change Plan, including progressing work on small modular reactors, nuclear refurbishment, hydroelectric expansion, green hydrogen, energy storage, and electrification infrastructure projects. These initiatives will help power the growing demands of a clean economy while providing jobs and economic growth;
  • A view of Sandy Falls Generating Station at sunrise.Being recognized as one of Canada’s Best Diversity Employers of 2023;
  • Contributing to post-secondary programs to recruit students from historically under-represented backgrounds;
  • Providing significant Equity, Diversity, and Inclusion education to employees, including anti-racism training; and
  • Meeting all 2022 goals in OPG’s Reconciliation Action Plan, including creating more than $75 million in economic benefits for Indigenous communities and businesses, and hiring more than 20 skilled Indigenous employees through the Indigenous Opportunities Network program.

What ESG means to OPG

Being a responsible corporate citizen is at the heart of everything we do and is fundamental to our ESG performance. OPG believes that operating in a sustainable manner, consistent with ESG principles, is critical to our future success, and to our ability to deliver value and enhance the prosperity and wellbeing of the places and people we serve.

We have integrated ESG principles into our corporate strategy, business model, risk management framework, policy requirements, and performance targets. ESG performance is directly overseen by our Board of Directors and senior management and is explicitly linked to individual performance plans, and executive compensation.

ESG pillars

The report includes material topics under the pillars of Environmental, Social, and Governance. These topics represent the ESG issues that matter most to our key audiences and reflect stakeholder and Indigenous perspectives. Through ongoing dialogue and engagement, we will continue to share information about how we are managing these important issues.

An icon representing 'Environment'
An icon representing 'Social Licence'
An icon representing 'Governance'

ESG Guiding Principles

A peregrin falcon

We will lead the clean energy transition through our power generation, new technology development, electrification initiatives, and operational excellence, while ensuring strong environmental and biodiversity protection and enhancement.

Volunteers help out at a community event

We will be a safety leader and a trusted partner, neighbour, advocate, employer, and steward of resources.

Workers in an office space

We will lead and conduct ourselves with honesty and integrity, carry out our business with transparency, and ensure diligent oversight systems and processes.

Material Topics

  • Greenhouse gas emissions and climate change mitigation
  • Climate change adaptation
  • Management of nuclear by-products, waste, and Nuclear Sustainability Services
  • Biodiversity and wildlife habitat stewardship
  • Water and wastewater management
  • Indigenous Reconciliation and relations
  • Equity, diversity, and inclusion
  • Reliability
  • Public health and safety
  • Affordability
  • Nuclear medicine and isotopes
  • Corporate governance
  • Business model resilience
  • Ethical business conduct
  • Systemic risk management

Past reporting

OPG prepared annual sustainability reports for years 1999 to 2017. Some of the more recent of these reports are available in the OPG Document Archive.

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