One of three companies in Canada, and one of six Energy & Utilities companies worldwide to receive this honour for 2019.
Capital Power Corporation has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies.
“Capital Power is proud to foster a company culture that values integrity, hard work and devotion to doing what’s right for our company, our investors, our community partners and all other stakeholders we engage with,” said Brian Vaasjo, President and CEO of Capital Power.
“The recognition by the Ethisphere Institute is important and affirms the high value we place on our commitment to ethics across all aspects of our business.” Kate Chisholm, Senior Vice President, Chief Legal and Sustainability Officer of Capital Power added, “This award marks an important benchmark for our policies and recognizes our commitment to sustainability, disclosure and transparency.”
“Remaining future-focused, we will continue to adapt our practices to meet the evolving needs of our industry.”
The World’s Most Ethical Companies award is administered by Ethisphere Institute, an organization that brings together leading global companies to define and promote best practices for ethics and compliance.
In 2019, 128 honourees were recognized spanning 21 countries and 50 industries. The thirteenth class of honourees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforce, and fostering corporate cultures focused on ethics and a strong sense of purpose.
The World’s Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner.
The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 per cent), culture of ethics (20 per cent), corporate citizenship and responsibility (20 per cent), governance (15 per cent) and leadership and reputation (10 per cent).
All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
Capital Power is a growth-oriented North American power producer headquartered in Edmonton.
The company develops, acquires, owns, and operates power generation facilities using a variety of energy sources.
Capital Power owns approximately 5,100 megawatts (MW) of power generation capacity at 25 facilities across North America.
Approximately 900 MW of owned generation capacity is in advanced development in Alberta and Illinois.