Capital Power named one of the World’s Most Ethical Companies® by Ethisphere for fifth straight year
March 13 2023 - 9:00AM
Capital Power Corporation (TSX: CPX) (“Capital Power”) has been
recognized by Ethisphere as one of the 2023 World’s Most Ethical
Companies®. This recognition honours companies demonstrating
business integrity through best-in-class ethics, compliance, and
governance practices. Capital Power is one of only five Canadian
companies and one of nine Energy and Utilities companies worldwide
recognized in 2023.
“As we innovate our business to reach net zero by 2045,
maintaining our strong foundation of ethics, compliance and
governance best practices is key to our long-term success. Our
determination to continuously strengthen and elevate these programs
is rooted in our values – we act with integrity and take
responsibility for our decisions and actions,” said Brian Vaasjo,
President and CEO of Capital Power. “Congratulations to all our
employees for earning this recognition – you exemplify our values
as we power a sustainable future for people and planet.”
“We’re honoured to have our ethics, compliance and governance
programs recognized by Ethisphere for a fifth straight year,” said
Kate Chisholm, Senior Vice President, Chief Strategy and
Sustainability Officer of Capital Power. “At Capital Power, we
uphold high ethical standards in everything we do. Our robust
policies, comprehensive training and engagement programs, and our
commitment to review and improve our practices enhance our
accountability and performance.”
The World’s Most Ethical Companies® award is administered by
Ethisphere, a global leader in defining and advancing the standards
of ethical business practices that fuel corporate character,
marketplace trust, and business success. “Ethics matters.
Organizations that commit to business integrity through robust
programs and practices not only elevate standards and expectations
for all, but also have better long-term performance,” said
Ethisphere CEO, Erica Salmon Byrne. “Congratulations to Capital
Power for earning a place in the World’s Most Ethical Companies®
community – your commitment to upholding the highest standards of
ethics, compliance and governance practices across your business is
commendable.”
About the 2023 World’s Most Ethical Companies®
AwardIn 2023, 135 honourees were recognized spanning 19
countries and 46 industries. Grounded in Ethisphere’s proprietary
Ethics Quotient®, the World’s Most Ethical Companies® assessment
process includes more than 200 questions on culture, environmental
and social practices, ethics and compliance activities, governance,
diversity, and initiatives that support a strong value chain. The
process serves as an operating framework to capture and codify the
leading practices of organizations across industries and around the
globe.
Related Links 2023 World’s Most Ethical
Companies®
Territorial Acknowledgement
In the spirit of reconciliation, Capital Power respectfully
acknowledges that we operate within the ancestral homelands,
traditional and treaty territories of the Indigenous Peoples of
Turtle Island, or North America. Capital Power’s head office is
located within the traditional and contemporary home of many
Indigenous Peoples of the Treaty 6 region and Métis Nation of
Alberta Region 4. We acknowledge the diverse Indigenous communities
that are located in these areas and whose presence continues to
enrich the community.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American
wholesale power producer with a strategic focus on sustainable
energy headquartered in Edmonton, Alberta. We build, own, and
operate high-quality, utility-scale generation facilities that
include renewables and thermal. We have also made significant
investments in carbon capture and utilization to reduce carbon
impacts. Capital Power owns approximately 7,500 MW of power
generation capacity at 29 facilities across North America. Projects
in advanced development include approximately 151 MW of owned
renewable generation capacity in Alberta and 512 MW of incremental
natural gas combined cycle capacity, from the repowering of Genesee
1 and 2 in Alberta.
For more information, please
contact:
Capital
PowerMedia
Relations: Katherine
Perron(780)
392-5335 kperron@capitalpower.com |
EthisphereMedia Relations:Anne
Walkeranne.walker@ethisphere.com |
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