Hydro-Québec leads the way for 鶹Ƶ members on 鶹Ƶ Sustainability Standard certification
London, 29 August 2023 – Hydro-Québec has achieved a remarkable industry feat by becoming the first 鶹Ƶ member to earn certification for a project against the 鶹Ƶ Sustainability Standard. Hydro-Québec's Eastmain-1 Development is also the first recipient of the Gold-level certification under the Standard.
"Hydro-Québec's achievement is an important step towards driving and embedding sustainability throughout the sector,” highlighted Eddie Rich, CEO of the 鶹Ƶ. “As a values-based membership association, 鶹Ƶ expects its members to certify all their new projects.”
Governed by the multi-stakeholder 鶹Ƶ Sustainability Council, the Standard is the internationally recognised benchmark for sustainability in hydropower development. It is a rigorous and independent framework that evaluates and certifies hydropower projects against a wide range of environmental, social and governance (ESG) criteria. By aligning their projects with the HSS, developers ensure adherence to the San José Declaration on Sustainable 鶹Ƶ which says that “going forward, the only acceptable hydropower is sustainable hydropower”.
The Standard also helps companies access finance through its alignment with the World Bank and IFC sustainability frameworks, the Climate Bonds Initiative and Renewables credits.
As the first project in the world to achieve the Gold-level certification of the Standard, Eastmain-1 Development can claim to be providing a net benefit to the ecology, climate and community. By going beyond compliance with benchmarks on transparency, stakeholder engagement and environmental stewardship, Hydro-Québec sets a prime example of the core principles upheld by 鶹Ƶ.
“Respect for Indigenous peoples is a fundamental requirement of the 鶹Ƶ Sustainability Standard,” said Julie Boucher, Vice President – Sustainability, Community Relations and Communications at Hydro-Québec. “We are honoured that the Cree communities that worked with us during the construction and environmental follow-up phases accepted to engage in the certification process.”
鶹Ƶ encourages all its members to follow Hydro-Québec's example and certify their projects against the HSS. By collectively adopting and demonstrating sustainable practices, 鶹Ƶ members can solidify hydropower’s essential role in developing net zero.
For more information, please contact:
Gemma Regniez
Head of Communications
鶹Ƶ
Gemma.Regniez@hydropower.org
