Why sustainability is important to us
25 March 2014
These days, everyone is talking about sustainability. But in the age of buzzwords, what does this really mean?
At Pacific Hydro, we have a simple approach to sustainability: that is, developing business practices that deliver long term value to our current and future shareholders and stakeholders.
This commitment not only ensures we build sustainability into everything we do, but helps us achieve our company vision – which is to create economic, social and environmental value by being our customers’ preferred clean energy solutions provider.
So, how do we do this?
It goes without saying that as a clean energy company, we rank pretty highly on the environmental sustainability scale.
Currently, we have 18 wind, solar and hydro assets across Australia, Chile and Brazil, and are hoping to expand our operations to create even more clean energy in the future.
Since beginning operations 20 years ago, our assets have abated more than 13 million tonnes of greenhouse gas emissions. That’s a lot of pollution not in our atmosphere.
We also work to limit our environmental footprint in the workplace by setting targets to reduce our energy, water use and air travel.
Pacific Hydro is committed to supporting the communities in which we operate. We do this by consulting and collaborating with communities at every stage of the project lifecycle - to deliver positive, long term benefits to our local communities and the environment.
As part of this commitment, we operate community investment funds in Australia, Chile and Brazil. This means a portion of the profits generated from each asset is invested back into local communities, supporting initiatives in the areas of education, community development, tourism, health, safety, recreation, sport, the environment, culture and the arts.
We also aim to develop an inclusive and diverse workplace that is underpinned by a strong health and safety culture across all our operations.
Our activities help to create jobs in the communities in which we operate in Australia, Chile and Brazil. We do this by employing local workers, companies and services (where possible) to help plan, develop and maintain our operating assets. This investment then flows into these local economies.
We also apply economic sustainability practices to our procurement processes, for example, ensuring all Pacific Hydro uniforms, safety gear and merchandise are ethically sourced and responsibly manufactured.
We do this by working with a local supplier who is part of the Business Social Compliance Initiative (BSCI), which adheres to the UN conventions on human rights. This means we select manufacturers that prohibit child labor, forced labor and discrimination, and award fair wages, compensation and benefits to staff, and that have in place environmental and management systems.
UN Nation Global Compact
We continue to strengthen our commitment to the principles of the United Nations Global Compact (UNGC), which are focused on the environment, anti-corruption, labour laws and human rights. We continuously integrate these principles into our strategies and day-to day business operations.