Pacific Hydro wins acclaimed international Corporate Responsibility Reporting Award

28 March 2011

Leading renewable energy company Pacific Hydro has been awarded ‘Best SME Report’ for its 2009 Sustainability Report at the prestigious Corporate Responsibility (‘CR’) Reporting Awards 2011, announced during a reception at the Royal Society in London.

Pacific Hydro chief executive officer Rob Grant said that the company was thrilled to receive such an accolade for its very first sustainability report.

“Pacific Hydro is committed to sustainability and this is embedded in the way we work”, he said. “Our sustainability practices are driven by four pillars: community, environment, workplace and business partners. This approach ensures that our day to day activities reflect this commitment in a way that can be measured and reported by our Sustainability team, which has done a fantastic job, leading to this award.”

The CR Reporting Awards recognise the very best in corporate responsibility reporting and are the only independent, global annual awards of their type. Managed by CorporateRegister.com – the CR resources website and provider of the world’s largest online directory of CR & Sustainability Reports, the awards are based on the report content, communication, credibility, commitment, and comparability.

Voting was open to all 35,000 registered users of CorporateRegister.com, which represent a global audience of highly informed stakeholders and CR report readers spanning CR professionals, CR consultants, CR organisations, government authorities, investors, analysts, NGOs, charities, journalists, academics and students.

This year, companies such as Hewlett-Packard, Virgin Group, Vodafone, Natura Cosméticos, SABMiller and Novo Nordisk featured among the winners.

Garry Weaven, chairman of Industry Funds Management (‘IFM’) and of IFM owned Pacific Hydro, said: “This award recognises the extraordinary work done by Pacific Hydro over the last five years of IFM ownership, endorsing our vision and long term commitment to sustainable business as an alternative that also provides solid investment returns”.

Pacific Hydro has in excess of 3,000 megawatts of renewable energy projects at varying stages of development, construction and operations in Australia, Brazil and Chile. Current operating projects abate an estimated 1.5 million tonnes of greenhouse gas pollution every year.

As a wholly owned subsidiary of IFM, Pacific Hydro provides sustainable infrastructure investment opportunities for around 5 million Australian members of Industry Superannuation Funds.