Pacific Hydro launches its first combined Annual Review and Sustainability Report

19 December 2012

Leading renewable energy company Pacific Hydro released today its first combined Annual Review and Sustainability Report. The publication covers Pacific Hydro’s business and sustainability performance during the 2011-12 Australian financial year.

Privately owned by Industry Funds Management since 2005, which is owned by a large number of Australian superannuation funds, Pacific Hydro has voluntarily published Sustainability Reports for the last three years.

“Our first combined Annual Review and Sustainability Report is an important step towards improving the communication of our business and sustainability performance to our stakeholders,” said Pacific Hydro chief executive officer Rob Grant.

“We started reporting our sustainability performance in 2009 and won ‘Best SME Report’ at the Corporate Responsibility Reporting Awards 2011 for that initial effort. Our 2012 combined report incorporates the lessons learned since them and provides a deeper insight into our business as we celebrate 20 years of clean energy.”

“The process of determining the key topics covered in this year’s report was extensively driven by feedback of our stakeholders and I’d like to thank them for their assistance,” said Mr Grant.

Key highlights during the year include:

- 20 years of clean energy celebrated
- 1.8 million megawatts of clean renewable energy produced
- 1.2 million tonnes of CO2-equivalent emissions abated
- completed the 111MW Chacayes run-of-river hydro plant in Chile on time and budget
- voluntary turnover reduced by 3%
- Inclusion and Diversity strategy launched
- A$377,000 invested into local communities
- more than A$642,000 spent on training and development opportunities for employees

The Pacific Hydro Annual Review and Sustainability Report 2012 is based upon the Global Reporting Initiative (GRI) Reporting Framework, a comprehensive sustainability framework that is widely used around the world.

The report can be viewed online and hard copies are available upon request.