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Brookfield Renewable Partners L.P.
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== '''<u>ESG Factors</u>''' <ref name=":1" /> == Decarbonisation is a global goal shared by many governments, corporations and investors. Brookfield Renewable is a leading owner and developer of clean energy, their clean energy assets already support others globally to reduce emissions, and the company is committed to continuing to partner with others to drive down emissions. They have also set a target to reach net zero for their own scope 1 and 2 emissions by 2030, they will use increased renewable energy to power their assets and offices. Brookfield Renewable is also considering wider environmental concerns such as integrating biodiversity protection and water and waste management into decision making and activities. The company is also committed to engaging and collaborating with stakeholders, including communities, indigenous peoples, local agencies and environmental NGO's. There is a green financing committee that manages sustainable financing strategy for the company. Brookfield Renewable maintain a strong focus on health and safety, by supporting the development of employees and striving to create an open and inclusive work environment. The company aims to be an industry leader in risk management and incident prevention. When considering investing in or building a new facility, due diligence is conducted to identify local stakeholders that could potentially be affected by or interested in the operations, and lines of communication are established. The company has a human rights program, which includes adhering to all laws and regulations that apply to operations regarding fair labour and employment conditions. Brookfield Renewable maintains high ethical standards, including implementing a code of business conduct and ethics, anti-bribery and anti-corruption policies, a whistle-blower hotline as well as supporting controls and procedures. Progress on targets: {| class="wikitable" |+Targets<ref>Brookfield Renewable Partners 2022 ESG report - https://bep.brookfield.com/sites/bep-brookfield-ir/files/Brookfield-BEP-IR-V2/2023/bep-esg-2022.pdf</ref> !Topic !Target !Target Year !Progress !Performance |- | rowspan="3" |'''Climate change''' |Achieve net-zero Scope 1 and 2 emissions in existing renewable operations by 2030. |2030 |'''On track''' |18% reduction in Scope 1 and 2 emissions from base year 2020. |- |Develop an additional 21,000 megawatts of new clean energy capacity by 2030, which would be equivalent to doubling our existing portfolio to 42,000 megawatts. |2030 |'''On track''' |Added 3,475 megawatts in 2022 with a total of approximately 25,400 megawatts of installed capacity. |- |Set emissions reduction targets and plans to align with the goals of the Paris Agreement for 100% of carbon-intensive investments. |Annual |'''Met''' |100% of carbon-intensive investments with targets aligned with the goals of the Paris Agreement. |- | rowspan="2" |'''Biodiversity''' |By 2024, develop biodiversity management plans for 100% of our identified sites, prioritizing sites in biodiversity sensitive areas. |2024 |'''On track''' |Initiated and continued to make progress on developing biodiversity management plans. |- |Assess nature-related physical and transition risks and opportunities in line with the Taskforce on Naturerelated Financial Disclosures (TNFD) recommendations in 2022. |2022 |'''Met''' |In 2022, assessed biodiversity practices against the draft TNFD recommendations. |- | rowspan="3" |'''Water & waste resources''' |In 2022, develop plans for our major components, including wind turbine blades and solar panels, to support our goal of diverting these from landfill. |2022 |'''Met''' |In 2022, developed major component plans for solar panels and wind turbines. |- |By 2023, develop water management plans for 100% of our operations in areas of high water stress |2023 |'''On track''' |In 2022, developed water management plans covering 57% of regional businesses with assets in areas of high water stress prioritizing water management plans for technology with elevated water needs. Will finalize the water management plans for the remaining businesses in 2023. |- |By 2025, increase circularity and reduce the volume of waste we send to landfill by 20%. |2025 |'''On track''' |In 2022, expanded central tracking system to better understand regional waste streams and waste management opportunities. |- |'''Diversity & inclusion''' |By 2025, maintain gender diversity at the executive team and increase representation at the Board and senior leadership levels. |2025 |'''Monitor''' |In 2022, maintained gender diversity at the executive team. Female representation at the Board level remained at 33% while the percentage of females at the senior leadership levels slightly decreased. |- | rowspan="3" |'''Occupational health & safety''' |Provide on-boarding health, safety, security and environment (HSS&E) training to 100% of new employees and contractors working in our facilities. |Annual |'''Monitor''' |In 2022, provided HSS&E training to 100% of new employees working in our facilities. |- |Maintain a cumulative high-risk incident frequency rate of less than 1.5 per one million hours worked. |Annual |'''Met''' |In 2022, high-risk incident frequency rate was 1.41. |- |Achieve 95% of planned Safe Work Observations across our businesses with mature HSS&E programs. |Annual |'''Met''' |In 2022, achieved more than 95% of the Safe Work Observation targets set across all of our businesses with mature HSS&E programs. |- |'''Cybersecurity''' |Train 100% of employees on cybersecurity annually |Annual |'''Met''' |In 2022, all employees were trained on cybersecurity |- |'''Supply chain management''' |By 2025, target 50% of vendor spend with vendors who have an overarching sustainability policy in place. |2025 |'''On track''' |In 2022, vendors representing over 50% of spend had a sustainability or equivalent policy in place. |- |'''Governance''' |Provide quarterly updates to the Board of Directors on our ESG approach, performance and key topics such as physical and transitional risk and opportunities, net zero and emerging standards and regulation. |Ongoing |'''Met''' |Quarterly updates have been provided to the Board. |}
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