Hydro One's 2024 Sustainability Report focuses on strategic and sustainable growth to deliver for Ontarians
TORONTO, May 16, 2025 /CNW/ - Hydro One Limited (Hydro One) announced the release of its 2024 Sustainability Report. The report, titled A Better and Brighter Future for All, provides a balanced account of Hydro One's performance across a range of environmental, social and governance measures from January 1 to December 31, 2024.
"It is an exciting time in Ontario, with rapid energization, a focus on a growing economy and the increasing energy needs of all Ontarians," said Megan Telford, Executive Vice President, Strategy and Energy Transition. "This report shows how we have aligned our refreshed strategy with sustainability to guide and support the development and growth that will enable us to continue to deliver for our customers and all Ontarians."
Key highlights of the report for 2024 include:
Approximately 44 per cent of sedans and SUVs were converted to EVs or hybrids
Approximately 5.5 per cent of total sourceable spend for purchases with Indigenous businesses and materials, which exceeds the company's goal of 5 per cent by 2026
Approximately 62 hectares of pollinator habitats established
Awarded the development of the Wawa Timmins Power Line with support of majority of impacted First Nations
Zero fatalities with a 0.55 total recordable injury rate
Hydro One's 2024 Sustainability Report can be found here.
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of $8.5 billion.
Our team of 10,100 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks, and supported the economy through buying $2.9 billion of goods and services.
We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives.
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.sedarplus.com or www.sec.gov.
For More Information
For more information about everything Hydro One, please visit www.hydroone.com where you can find additional information including links to securities filings, historical financial reports, and information about the Company's governance practices, corporate social responsibility, customer solutions, and further information about its business.
Forward-Looking Statements and Information:
This press release may contain "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (collectively, "forward-looking information"). Statements containing forward-looking information are made pursuant to the "safe harbour" provisions of applicable Canadian and U.S. 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.sedarplus.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
2 hours ago
- Cision Canada
Prime Minister Carney announces Canada's G7 priorities ahead of the Leaders' Summit Français
OTTAWA, ON, June 7, 2025 /CNW/ - Fifty years ago, in the face of upheaval and geopolitical tensions, a small group of advanced economies formed what is now the G7 – a forum for co-operation, stability, and shared prosperity. In 2025, as global challenges intensify, the G7 must meet this moment with purpose and with force. Today, the Prime Minister, Mark Carney, announced the priorities that will guide Canada's 2025 G7 Leaders' Summit, to be held in Kananaskis, Alberta, from June 15 to 17, 2025. Anchored in building stronger economies, Canada will seek agreements and co-ordinated action on three core missions: Protecting our communities and the world – strengthening peace and security, countering foreign interference and transnational crime, and improving joint responses to wildfires. Building energy security and accelerating the digital transition – fortifying critical mineral supply chains and using artificial intelligence and quantum to unleash economic growth. Securing the partnerships of the future – catalyzing enormous private investment to build stronger infrastructure, create higher-paying jobs, and open dynamic markets where businesses can compete and succeed. Other discussions will include a just and lasting peace for Ukraine and other areas of conflict around the world, and a forward-looking agenda that engages partners beyond the G7, recognizing that our long-term security and prosperity will depend on building coalitions with reliable partners and common values. Quote "Canada has what the world wants and the values to which others aspire. The G7 Leaders' Summit in Kananaskis is a moment for Canada to work with reliable partners to meet challenges with unity, purpose, and force. Canada is ready to lead." — The Rt. Hon. Mark Carney, Prime Minister of Canada Quick Facts This is the seventh time that Canada has held the Presidency of the G7. This year's Leaders' Summit in Kananaskis, Alberta, will take place on the traditional territory of the Blackfoot Confederacy Nations of the Kainai, Piikani, and Siksika, and the Stoney Nakoda Nations comprised of the Bearspaw, Chiniki, and Goodstoney First Nations, and the Tsuut'ina First Nation. We also acknowledge the Otipemisiwak Métis People and Government who reside on this territory and all people who make their homes in the Treaty 7 region of Southern Alberta. This document is also available at SOURCE Prime Minister's Office
Cision Canada
3 hours ago
- Cision Canada
Air Canada Inaugurates Flights to Prague
MONTREAL,, June 7, 2025 /CNW/ - Air Canada's newest international flight from Toronto took off yesterday evening and has arrived in Prague, Czech Republic. "We are excited to return to Prague, our newest Europe destination now added to our global network," said Mark Galardo, Executive Vice President & Chief Commercial Officer and President, Cargo. "Our flights connect two countries, facilitating travel, tourism and trade. We design routes like this one to appeal to our customers throughout our North American network, with convenient travel options at our Toronto hub. Whether people are visiting family and friends in Prague, exploring its celebrated architecture, bohemian history and rich culture, or customers from Central Europe visiting and exploring Canada from coast to coast, our flights make discovering all that our two countries offer easier than ever." Prague is the latest new Europe route Air Canada has launched this summer. The airline inaugurated its Montreal to Porto route earlier this week, celebrated the launch of its Naples route in May, and marked the return of the Ottawa to London LHR route in April. At the end of June, Air Canada will be inaugurating its Montreal to Edinburgh route. Schedule The Prague flights will be operated on Air Canada's Airbus 330-300. Customers can choose from three classes of service: Economy, Premium Economy, and Air Canada Signature Class, offering customers superior comfort and convenience in an exclusive cabin, with spacious lie-flat seating, personalized service, fine cuisine, extra baggage allowance and access to priority airport services. Visit to book flights to Prague! Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the world's largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada's passenger and freighter aircraft. Air Canada's climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. For additional information, please see Air Canada's TCFD disclosure. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US. Media Resources: Photos Videos B-Roll Articles SOURCE Air Canada
Cision Canada
6 hours ago
- Cision Canada
AB Anywhere: $AB Goes Live on Binance, Ushering in a New Era of Cross-Chain Asset Mobility
DUBLIN, June 7, 2025 /CNW/ -- On June 7, 2025 at 14:00 (UTC+8), AB DAO announced that its native token $AB is now officially trading on Binance Alpha—Binance's early-access, exclusive listing platform. As a high-performance, modular heterogeneous blockchain network, the AB Core mainnet has been fully deployed, and—through the AB IoT sidechain and AB Connect cross-chain protocol—multi-chain interoperability is enabled; AB Wallet now supports BSC - AB cross-chain transactions and multi-asset management; the AB Foundation has launched global philanthropic projects, leveraging on-chain transparent donations and community governance to advance decentralized charity. This listing on Binance Alpha will offer global users more convenient and efficient asset mobility and participation opportunities. Trading Highlights $AB Live on Binance Alpha: Global users can deposit and trade $AB immediately, enjoying premium liquidity. Airdrop Event: Eligible Binance users can claim 9,882 AB tokens on the Alpha Events page. Trading Competition: Coming soon, with a prize pool of 115,000,000 $AB. Details: See the official Binance announcement: This listing will significantly enhance $AB's market depth and liquidity, and by leveraging Binance's custody and risk-management framework, users will enjoy major improvements in security and trading experience. About AB AB is a high-performance, modular heterogeneous blockchain network whose native token $AB is deployed across chains via AB Connect, realizing the "AB Anywhere" vision. AB is dedicated to driving stablecoin issuance, building payment-network infrastructure, and facilitating decentralized philanthropy, thereby constructing an open, trusted global value infrastructure.
