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2014 Sustainability-based Annual Report

25 While the financial bottom line of our companies is consistently characterized by strong profitability and dividends for our shareholders, we are also contributing to the economic health and well-being of our customers and communities. Low rates and reliable service are achieved through foresight and a steadfast commitment to infrastructure renewal and modernization and a strong sustainable workforce delivering efficiency and productivity. Horizon’s strength lies in its forwardlooking approach. It understands that its success as a business is connected to its ability to anticipate and meet, in a sustainable way, the continually evolving energy needs of households and businesses in our growing communities. Horizon has the resources, the people and the mindset to deliver genuine value to our communities – socially, environmentally and economically. Direct Economic Value to Communities – The Triple Bottom Line From the outset in 2005, when the two separate utilities serving St. Catharines and Hamilton joined forces to form Horizon Utilities, we embarked on a journey of delivering real value to our communities. As we reach the close of our first decade, we are proud to report that Horizon has done just that. Year over year, the Horizon team has solidly demonstrated that our consolidation has, is and will continue to deliver direct economic value to our communities, as well as social and environmental value. And the evidence is in our Global Reporting InitiativeTM filing. Horizon’s 2014 GRI Filing For the seventh consecutive year, Horizon Holdings has fairly and transparently reported its social, environmental and economic performance under the GRI, the most widely used international sustainability reporting framework. The cornerstone of the GRI is its Sustainability Reporting Guidelines, which provide guidance to companies on how to measure and report on a ‘triple bottom line’ basis by giving weight to social and environmental matters, not just economic matters. In 2013, as in 2010, 2011 and 2012, Horizon Holdings reported in accordance with the GRI G3 Guidelines (including the Electric Utilities Sector Supplement) at the A+ application level – answering all questions and receiving external assurance for its filing. Seven consecutive years of fair, transparent triple bottom line reporting under the Global Reporting Initiative Since 2010, Horizon has continued to enhance its sustainability policies and programs, including refining its sustainability data management and reporting processes. Since 2009, Ernst & Young LLP (EY) has also conducted a third-party review of Horizon’s self-declared application level and provided limited assurance over a selection of Horizon’s reported GRI indicators since 2009. (A copy of EY’s 2014 assurance statement can be viewed at horizonholdingsinc.com and horizonutilities.com.) GRI Sustainability Disclosure Categories Economic • Environment • Labour Practices and Decent Work • Human Rights • Society • Product Responsibility 2014


2014 Sustainability-based Annual Report
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