ESG is more than simply a business strategy at TransAlta, it’s a competitive advantage.
Sustainability, or ESG, is one of our core values: it is part of our corporate culture and is a top priority. We strive to integrate sustainability into governance, decision-making, risk management and our day-to-day to business processes, while balancing growth considerations and the economy.
The outcome of our sustainability focus is continuous improvement on key ESG issues and ensuring our economic value creation is balanced with a value proposition for the environment and for people.
“TransAlta remains dedicated to responsible growth and energy project development and is on the right strategic
path to deliver the clean electricity needs of the future”
John Dielwart, Chair of the Board of Directors.
Sustainability, it’s in our DNA
TransAlta’s renewable energy commitment began more than one hundred years ago when the company built the first hydro assets in Alberta, which still operate today. In 2002, we acquired our first wind farm, in 2015, our first solar farm, and in 2020, our first battery storage facility. Today we operate over 50 renewable facilities across Canada, the United States and Australia.
Validation and support of our ESG strategy is provided through our memberships and participation with key sustainability organizations and working groups such as the EXCEL Partnership, the Canadian Business for Social Responsibility (CBSR), the Energy Sector Sustainability Leadership Initiative, Canadian Electricity Association Sustainability Steering Committee and Future-Fit.
Our key strategic ESG pillars build on our corporate strategy and weave through our business.
Clean, Reliable and Sustainable Electricity Production
Safe, Healthy, Diverse and Engaged Workplace
Progressive Environmental Stewardship
Positive Indigenous, Stakeholder and Customer Relationships
Technology and Innovation
Climate Change Management
We are committed to reducing 19.7 million tonnes of CO2e by 2030.
Sustainability Targets
Holding us accountable for improvement in our most challenging areas.
Sustainability Reporting
Available alongside our financial reports in our Annual Integrated Report.
Indigenous Relations
We are committed to building open, constructive, mutually beneficial and sustainable relationships with the Indigenous communities with whom we are neighbours.
Community Investment
We contributed over $2.2 million in community donations and sponsorships in 2020.
| TransAlta Renewables (RNW) was launched in 2013 by its parent company, TransAlta Corporation. RNW continues to secure value for investors from renewable energy and all long-term contracted TransAlta Corporation renewable assets were transferred to RNW. |