Innergex Ranks 2nd in Canada’s Best 50 Corporate Citizens of 2022 by Corporate Knights
LONGUEUIL, Quebec, June 29, 2022 – Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) has been ranked 2nd in Canada’s Best 50 corporate citizens of 2022 by Corporate Knights magazine based on a rigorous assessment of top Canadian companies. This ranking shows the performance of major Canadian corporations from all sectors in terms of sustainable development leadership.
“Back when Innergex started in 1990, our purpose was to build a better world with renewable energy, it was ingrained in our DNA. It is a philosophy that we have applied every time since, in everything that we do,” said Michel Letellier, President and Chief Executive Officer of Innergex. “Today, I could not be more proud of the work that we do here at Innergex. This ranking is the result of a great team effort over the years, one that every employee at Innergex has been a part of. In the years to come, as the climate crisis will continue to bring new challenges, here at Innergex, we will continue to do what we do best, leading the clean energy transition while remaining committed to responsible growth that balances people, our planet, and prosperity.”
This ranking follows the release of Innergex’s 2021 Sustainability Report on April 7th, 2022 highlighting the Corporation’s continuous efforts to improve its Environmental, Social and Governance (“ESG”) performance linked with the disclosures outlined in the United Nations Sustainable Development Goals (“SDGs”), the Carbon Disclosure Project (“CDP”) and the Sustainability Accounting Standards Board (“SASB”).
About Innergex Renewable Energy Inc.
For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets currently consisting of interests in 83 operating facilities with an aggregate net installed capacity of 3,484 MW (gross 4,184 MW) and an energy storage capacity of 150 MWh, including 40 hydroelectric facilities, 35 wind farms and 8 solar farms. Innergex also holds interests in 14 projects under development, 3 of which are under construction, with a net installed capacity of 733 MW (gross 770 MW) and an energy storage capacity of 754 MWh, as well as prospective projects at different stages of development with an aggregate gross installed capacity totaling 6,679 MW. Its approach to building shareholder value is to generate sustainable cash flows, provide an attractive risk-adjusted return on invested capital and to distribute a stable dividend.
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