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Enbridge Reports on Progress and Challenges in Corporate Social Responsibility Performance
March 26, 2015
CALGARY, ALBERTA--(Marketwired - March 26, 2015) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) is making strides in reaching its goal of being an industry leader in safety and reliability, and continuing to build social and environmental considerations into its planning and decision-making, according to its 2014 annual report on corporate social responsibility (CSR) performance.
"Our purpose as a company is to fuel people's quality of life by delivering energy to where North Americans need it - reliably, efficiently and with the safety of our employees, the public and the environment in mind," said President and CEO Al Monaco.
"Our annual CSR report helps us hold ourselves accountable for our performance and for how we are responding to the social, economic and environmental factors driving our business. It also outlines areas where we have more work to do and the approach we're taking to get better, such as deepening our engagement with stakeholders and communities where we operate."
The report shows Enbridge is making progress toward its goal of industry leadership in pipeline safety and operational reliability.
In 2014, for example, the Company invested more than $1.14 billion in system integrity and leak detection programs throughout its Liquids Pipelines Business Segment's operations. During the same period, spill volumes from Enbridge's liquids pipelines decreased from 2013 and 2012 levels.
"Safety and environmental protection is our number one priority in all our operations. No single incident will ever be acceptable and that's why we continuously invest in new integrity management technology and advancements in leak detection," said Mr. Monaco.
Enbridge's 2014 CSR Report reflects the Company's most rigorous approach to-date to reporting on topics identified as priorities by stakeholders. As a result, it includes more information on Enbridge's approach to sustainability challenges such as climate change, water protection, supply chain management, community economic benefits, and Aboriginal and Native American rights and engagement.
Enbridge's full 2014 CSR Report can be found online at csr2014.enbridge.com. The report discloses Enbridge's performance and data in key environmental, social and governance areas.
Enbridge released its 2014 CSR Report concurrently with its 2014 Annual Report, which provides a detailed overview of the Company's financial and operating performance for the same year and includes Consolidated Financial Statements and related Management's Discussion and Analysis (MD&A) for the year ended December 31, 2014. All of these documents, along with Enbridge's Annual Information Form (Canada) and Form 40-F (United States), are available at www.sedar.com (Canadian filings), www.sec.gov (U.S. filings), or www.enbridge.com/investorfilings.
Highlights from Enbridge's Annual Report have been mailed to all shareholders with a copy of the Management Information Circular and information relating to the Company's annual meeting of shareholders to be held on Wednesday, May 6, 2015. A full copy of the report, including MD&A and financial statements, is being distributed to those shareholders who have opted to receive it.
Printed copies of the Annual Report will be available in both English and French on request. To request a copy of the Report, call 1-800-481-2804 or email email@example.com.
Enbridge is one of the three Canadian energy companies on the 2015 Global 100 List of Most Sustainable Corporations, and also one of three Canadian energy companies on the 2014 Dow Jones Sustainability World Index. Both of these independent rating systems assess corporate performance on key social, economic and environmental indicators.
About Enbridge Inc.
Enbridge, a Canadian Company, is a North American leader in delivering energy and has been included on the Global 100 Most Sustainable Corporations in the World ranking for the past seven years. As a transporter of energy, Enbridge operates, in Canada and the United States, the World's longest crude oil and liquids transportation system. The Company also has significant and growing involvement in natural gas gathering, transmission and midstream businesses, and an increasing involvement in power transmission. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company and provides distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in more than 2,200 MW (1,600 MW net) of renewable and alternative energy generating capacity and is expanding its interests in wind, solar and geothermal facilities. Enbridge employs more than 11,000 people, primarily in Canada and the United States and is ranked as one of Canada's Top 100 Employers for 2015. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com. None of the information contained in, or connected to, Enbridge's website is incorporated in or otherwise part of this news release.
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