CALGARY,
AB, April 28, 2023 /CNW/ - ATCO
Ltd. (TSX: ACO.X) (TSX: ACO.Y) / Canadian Utilities
Limited (TSX: CU) (TSX: CU.X)
Today, ATCO released its 2022 Sustainability Report highlighting
the company's sustainability and environmental, social, and
governance (ESG) performance including strategies, initiatives,
targets, and metrics. The report focuses on the transition to
low-carbon energy; climate change and environmental stewardship;
operational reliability and resilience; community and Indigenous
relations; diversity, equity and inclusion; and safety.
"In many respects, 2022 was a milestone year in ATCO's history.
Not only did we commemorate our 75th anniversary, but we also
marked several significant achievements with respect to our
environmental, social and governance performance," said
Nancy Southern, Chair & Chief
Executive Officer, ATCO Ltd. and Canadian Utilities Limited.
"Underpinned by our 2030 ESG targets and 2050 net zero commitment,
the people of our company have continued to achieve remarkable
things on behalf of our customers, communities, and investors."
Highlights of ATCO's 2022 sustainability performance
include:
- The acquisition of a portfolio of wind and solar assets in
Alberta and Ontario. This includes 232 MW of existing wind
generation and a development pipeline of more than 1,500 MW of wind
and solar projects.*
- Expanding cleaner fuels projects, including commissioning
projects to pilot blending hydrogen into our natural gas network
and a hydrogen refueling station for passenger vehicles in
Western Australia.
- Reduction of company-wide GHG emissions to earnings intensity
by 16 per cent compared to 2021, and a 28 per cent decrease
compared to our 2020 baseline.
- Reduction of our customers' GHG emissions, by 123,400 tonnes of
carbon dioxide equivalent.
- As a part of providing $117.7M in
Net Economic Benefit to Indigenous communities, completion of a
historic agreement with partners Denendeh Investment Incorporated
to increase their ownership stake in Northland Utilities from 14 to
50 per cent.
- Investment of $7.9 million in
communities through gifts-in-kind, sponsorships, donations and our
matching contribution to the employee-led ATCO EPIC Program, which
raised $3.6 million in pledges.
Click here to see the full ATCO 2022 Sustainability Report.
*This transaction closed on January 3,
2023.
To learn more about our commitment to sustainability or to
access ESG Datasheets, please visit Our Commitment section of
ATCO.com or CanadianUtilities.com.
With approximately 7,600 employees and assets of $25 billion, ATCO is a diversified global
corporation with investments in the essential services of
Structures & Logistics (workforce and residential housing,
innovative modular facilities, construction, site support services,
workforce lodging services, facility operations and maintenance,
defence operations services, and disaster and emergency management
services); Utilities (electricity and natural gas transmission and
distribution, and international operations); Energy Infrastructure
(energy storage, renewable energy generation, industrial water
solutions, and clean fuels); Retail Energy (electricity and natural
gas retail sales, and whole-home solutions); Transportation (ports
and transportation logistics); and Commercial Real Estate. More
information can be found at www.ATCO.com.
Investor & Analyst Inquiries:
Colin Jackson
Senior Vice President, Finance, Treasury, Risk &
Sustainability
Colin.Jackson@atco.com (403) 808 2636
Media Inquiries:
Robert Palmer
Manager, Corporate Communications
Robert.Palmer@atco.com (403) 710 1341
Subscription Inquiries:
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releases, please click here.
Forward-Looking Information
Advisory
Certain information in this news release constitutes
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "expect", "may", "will", "goal", "target",
"strategy", "future", and similar expressions. In particular,
forward-looking information in this news release includes, but is
not limited to, references to: strategic plans, goals and targets,
including the company's 2030 ESG targets and net zero commitment;
energy transition, expected decarbonization and emissions
reductions; and expected electricity generation capacity and/or
productive capacity of assets and projects, including assets and
projects that have been acquired or that are expected to be
developed in the future.
It is believed that the expectations reflected in such
forward-looking information are reasonable based on the information
that is available on the date this news release was prepared;
however, such statements are not guarantees of future performance
and no assurance can be given that the expectations will prove to
be correct. Forward-looking information should not be unduly relied
upon. Such information involves a variety of assumptions, known and
unknown risks and uncertainties, and other factors which may cause
actual results, levels of activity, and achievements to differ
materially from those anticipated. The forward-looking information
in this news release reflects current beliefs and assumptions
with respect to, among other things: the ability to successfully
achieve net-zero GHG emissions by 2050; the development,
performance and implementation of processes, technology and
technological innovations; the ability to access and implement
technology necessary to achieve GHG and other ESG targets;
continuing collaboration with certain regulatory and environmental
groups and communities; the receipt of regulatory approvals; the
performance of assets and equipment; demand levels for oil, natural
gas, gasoline, diesel and other energy sources; certain levels of
future energy use; future production rates; future revenue and
earnings; planned methods of transportation; the ability to meet
project schedules; and other assumptions inherent in management's
expectations in respect of the forward-looking information
identified herein.
Actual results could differ materially from those anticipated
in the forward-looking information as a result of, among other
things: risks related to the development and performance of assets,
technology and new energy efficient products, services, and
programs, including but not limited to the use of zero-emission and
renewable fuels, carbon capture utilization and storage,
electrification of equipment powered by zero-emission energy
sources, and the utilization and availability of carbon offsets;
applicable laws and government policies; the risk of unfavourable
regulatory decisions; competitive factors; political factors;
prevailing economic conditions; credit risk; interest rate
fluctuations; the availability and cost of labour, materials,
services and infrastructure; risks related to the development and
execution of projects; prices of electricity, natural gas, natural
gas liquids, and renewable energy; potential termination or breach
of contracts by contract counterparties; the occurrence of
unexpected events such as fires, severe weather conditions,
explosions, blowouts, equipment failures, transportation incidents,
and other accidents or similar events; and other risk factors, many
of which are beyond the control of the company. Due to the
interdependencies and correlation of these factors, the impact of
any one assumption or risk on a forward-looking statement cannot be
determined with certainty. Readers are cautioned that the foregoing
lists are not exhaustive. For additional information about the
principal risks that the company faces, see "Business Risks and
Risk Management" in ATCO Ltd.'s Management's Discussion and
Analysis for the year ended December 31,
2022.
SOURCE ATCO Ltd.