April 3, 2014
Horizon Utilities Corporation is ranked 11th in a new national sustainability list released on April 3rd.
Corporate Knights unveiled its first Future 40 Responsible Corporate Leaders in Canada ranking, highlighting corporate up-and-comers in Canada that are top sustainability performers.
'Horizon Utilities is honoured to be named by Corporate Knights as one of Canada's leaders in corporate responsibility,' said Max Cananzi, President and CEO, Horizon Utilities.
'This recognition reinforces our strategic focus on sustainable development and our commitment the social, environmental and economic sustainability of our communities.'
The methodology used for the Future 40 is based on Corporate Knights' internationally acclaimed Global 100 Most Sustainable Corporations in the World ranking, which uses 12 key performance indicators (KPIs) of resource, financial and employee management.
Corporate Knights, which plans to turn the Future 40 into an annual ranking, used the same KPIs to select the Future 40 from a starting list of 213 firms. Horizon Utilities' parent company, Horizon Holdings Inc., achieved a ranking of 11th out of 40 companies on this inaugural Corporate Knights Future 40 list.
The full list, methodology and analysis of the Future 40 Responsible Corporate Leaders in Canada is detailed at corporateknights.com/future40. The rankings are based on publicly-disclosed data (e.g., financial filings, sustainability reports).
Horizon Holdings Inc. is an investment holding company that owns 100 per cent of the common equity of Horizon Utilities Corporation. The common shareholdings of the Horizon Holdings Inc. are owned by the City of Hamilton (78.9%) and the City of St. Catharines (21.1%) through their respective hydro companies.
About Horizon Utilities Corporation
Horizon Utilities Corporation is proud to be Canada's first "Sustainable Electricity CompanyTM," a designation of the Canadian Electricity Association. The company, which provides electricity and related utility services to 239,000 customers in Hamilton and St. Catharines, is one of the largest municipally owned electricity distribution companies in Ontario. In addition to triple bottom line reporting on its own operations, Horizon Utilities leverages its assets and resources to contribute to the sustainability of its communities. This includes conservation implementation through energy mapping and a customer connection policy that follows smart growth principles. The company has been named a Top 10 Employer in Hamilton-Niagara three years running.
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