Company Profile F2011 (GRI)

Company Profile Indicators

Reference Number G3 and Electricity Utility Sector Supplement Reporting Recommendations 2011 Annual Report and BC Hydro/GRI Comparative Index
1. Strategy and Analysis
1.1 Statement from BC Hydro's most senior decision-maker about the relevance of sustainability to the organization and its strategy. 2011 Annual Report – Letter from the Chair, and President and CEO to the Minister
1.2 Description of key impacts, risks and opportunities. 2011 Annual Report – Letter from the Chair, and President and CEO to the Minister, Financial Results, MD&A, Risk Management, page 43 [PDF, 112 KB] and Consolidated Financial Statements, Note 12 Financial Instruments, Financial Risks, page 67 [PDF, 310 KB]
2. Organizational Profile
2.1 Name of Organization BC Hydro
2.2 Primary brands, products and/or services. 2011 Annual Report – Organization Overview, Our Mandate
2.3 Operational structure. 2011 Annual Report – Corporate Governance, Directors, Officers and Executive of BC Hydro
2.4 Location of headquarters.

BC Hydro has two main headquarters; one in downtown Vancouver and the other in Burnaby, B.C.

The company also has headquarters located in a number of regions within the Province.

2.5 Number of countries BC Hydro operation. Serves the Province of British Columbia, Canada.
2.6 Nature of ownership. 2011 Annual Report – Organization Overview, Enabling Legislation and Corporate Governance, Shareholder-Regulatory Relationship Framework
2.7 Markets served, including geographic breakdown, sectors served and types of customers/beneficiaries. 2011 Annual Report – Organization Overview, Core Business
2.8 Scale of the reporting organization. 2011 Annual Report – Financial and Operating Statistics, pages 84-87 [PDF, 50 KB]
2.9 Significant changes during the reporting period regarding size, structure or ownership, including facility openings, closing and expansions. 2011 Annual Report – Letter from the Chair, and President and CEO to the Minister
2.10 Awards received in the reporting period. Not reported. Information not available.
EU1 Installed capacity. Installed Capacity, by Energy Source
EU2 Net energy output Net Energy Output, by Primary Energy Source
EU3 Number of residential, industrial, institutional and commercial customer accounts. Number of Customer Accounts, by Segment
EU4 Length of above and underground transmission and distribution lines. Transmission and Distribution Lines in Service
EU5 Allocation of CO2e emissions allowances or equivalent.

Not currently reported. No emissions trading framework in place impacting BC Hydro.

Emissions trading program development in B.C. and the Western Climate Initiative is monitored to ensure compliance readiness.

3. Report Parameters
Report Profile
3.1 Reporting period for information provided. BC Hydro's 2011 Annual Report covers the period April 1, 2010 to March 31, 2011
3.2 Date of most recent previous report (if any). 2010 Annual Report
3.3 Reporting cycle. Annually per fiscal year cycle, i.e. April 1 to March 31.
3.4 Contact point for questions regarding the report or its content. Contact us
Report Scope and Boundary
3.5 Process for defining report content. 2011 Annual Report – Appendix C, Shareholder's Letter of Expectations [PDF, 84 KB] and About BC Hydro's 2011 Annual Report
3.6 Boundary of the report. About BC Hydro's 2011 Annual Report
3.7 State any specific limitations on the scope or boundary of the report. In addition to the measures found in the Annual Report, a comprehensive list of performance data that supports our commitment to sustainability is available in the BC Hydro/GRI Comparative Index.
3.8 Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organizations. 2011 Annual Report – Organization Overview, Strategic Partnerships
3.9 Data measurement techniques and the basis of calculations. 2011 Annual Report – Financial Targets and Appendix A, Fiscal 2011 Performance Outcomes, pages 89-93 [PDF, 200 KB] (noted where applicable)
3.10 Explanation of the effect of any re-statements of information provided in earlier reports, and the reasons for such re-statement. 2011 Annual Report – Financial Targets and Appendix A, Fiscal 2011 Performance Outcomes, pages 89-93 [PDF, 200 KB] (noted where applicable)
3.11 Significant changes from previous reporting periods in the scope, boundary or measurement methods applied in the report. 2011 Annual Report – Financial Targets and Appendix A, Fiscal 2011 Performance Outcomes, pages 89-93 [PDF, 200 KB] (noted where applicable)
GRI Content Index
3.12 Table identifying the location of the Standard Disclosure in the report. BC Hydro/GRI Comparative Index – F2011
Assurance
3.13 Policy and current practice with regard to seeking external assurance for the report.

2011 Annual Report – Consolidated Financial Statements, Auditors' Report, page 47 [PDF, 310 KB]

BC Hydro does not currently seek third party verifications on any additional content in the Annual Report.
4. Governance, Commitments and Engagement
Governance
4.1 Governance structure, including committees under the highest governance body responsible for specific tasks. 2011 Annual Report – Corporate Governance, Directors, Officers and Executive of BC Hydro
4.2 Indicate whether the Chair of the highest governance body is also an executive officer. BC Hydro's Board of Directors is composed entirely of individuals who are independent of management.
4.3 For organizations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or non-executive members. Not relevant. See 4.2 above.
4.4 Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body.

2011 Annual Report – Appendix C, Shareholder's Letter of Expectations, page 97 [PDF, 84 KB]

Employees are invited to raise BC Hydro issues of interest to all employees in a constructive and open forum by emailing the President and CEO. Responses are provided by either a member of the Executive Team or by our CEO and President, David Cobb.
4.5 Linkage between compensation for members of the highest governance body, senior managers, and executives (including departure arrangements), and the organization's performance (including social and environmental performance).

Board members are paid in a manner prescribed by the Treasury Board of the Provincial Government (100 per cent shareholder). Payments are based on flat rate retainers and meeting fees. Amounts for Director remuneration are not performance based.

Executives participate in both a merit program and an incentive based variable pay program which together comprise the pay for the job. The merit program is a review of an individual's performance against the mandate of their role/portfolio and may result in a change in base salary. The objective the executive variable pay plan is to put pay at risk, focus on thee executive team on specific performance objectives (which are inclusive of social and environmental performance) outlined in BC Hydro's Service Plan and provide a means to recognize achievements.

4.6 Processes in place for the highest governance body to ensure conflicts of interest are avoided. 2011 Annual Report – Corporate Governance, Key Accountabilities and Governance Principles
4.7 Process for determining the qualifications and expertise of the members of the highest governance body for guiding the organization's strategy on economic, environmental and social topics. A competency matrix is maintained by the CSO and vacancies are filled to ensure those required competencies are represented in the Board. In addition, gender, regional and ethnic diversity is considered in new Board appointments.
4.8 Internally developed statements of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their implementation. 2011 Annual Report – Organization Overview, Our Vision, Strategic Objectives and Values
2011 Annual Report – Corporate Governance, Key Accountabilities and Governance Principles
4.9 Procedures of the highest governance body for overseeing the organization’s identification and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed standards, codes of conduct, and principles. The Board reviews the corporation's Quarterly Performance Report which addresses performance against economic, environmental and social measures. In addition, a quarterly report is provided to the Board on each of environment, safety and health, human resources, financial performance and overall risks.
4.10 Processes for evaluating the highest governance body's own performance. The Board engages in a review based on a survey administered among Directors, feedback from executive management and one on one interview with the Board Chair.
Commitments to External Initiatives
4.11 Explanation of whether and how the precautionary approach or principle is addressed by the organization. 2011 Annual Report – Climate Change & Environmental Impact, Environmental Management
4.12 Externally developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes or endorses. Canadian Electricity Association Sustainable Electricity Program – Voluntary Initiative
Technical Advisory Committee
Electricity Conservation and Efficiency Advisory Committee
Global Reporting Initiative
4.13 Memberships in association (such as industry associations) and/or national/international advocacy organizations in which the organization has positions in governance bodies; participates in projects or committees; provides substantive funding beyond routine membership dues; or views membership as strategic. Canadian Electricity Association
Canadian Hydropower Association
World Business Council for Sustainable Development
Shareholder Engagement
4.14 List of stakeholder groups engaged by the organization. 2011 Annual Report – Customer Satisfaction, Community and Stakeholder Relations
4.15 Basis for identification and selection of stakeholders with whom to engage. See 4.14.
4.16 Approaches to stakeholder engagement. See 4.14.
4.17 Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its reporting. See 4.14.