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Environmental, social and governance

TC Energy strives to be a leader in the delivery of energy in a safe, responsible and sustainable manner, ensuring we are positioned to maximize long-term value creation.

Being a leader also means listening to our stakeholders and communicating candidly about our performance and approach, aiming to provide comprehensive, decision-useful and material disclosure on our environmental, social and governance management.

Environmental

Environmental Protection

Environmental Protection

Environmental Protection

We respect the diversity of the landscapes where we operate and work to minimize our environmental footprint while meeting the world’s growing demand for energy. We are always working to reduce our land disturbance, carbon intensity, energy consumption, and water use throughout the entire life cycle of our assets.

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Environment

Environmental Protection
Climate Change

Climate Change

Climate Change

TC Energy is well positioned to manage the risks and realize the opportunities related to climate change and the transition to a lower carbon economy. We continue to play a key role in developing a sustainable energy future through our investment in new pipeline infrastructure, as well as low-carbon and emission-less power generation. As the tools available to assess the risks and opportunities associated with climate change improve, we are utilizing them in order to increase the rigour of our assessment, as a key input into our strategic planning process. In 2019, TC Energy released its inaugural Report on Sustainability and Climate Change, where we have described our approach in the context of climate change to ensure the resilience of our business model during the transformation to a lower carbon economy.

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Climate Change

Report on Sustainability and Climate Change

Climate Change
Biodiversity

Biodiversity

Biodiversity

As part of our commitment to environmental stewardship, we work to minimize our environmental footprint as we strive to meet the energy needs of North Americans.

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Protecting biodiversity

Biodiversity

Social

Stakeholder Engagement

Stakeholder Engagement

Stakeholder Engagement

We are committed to listening to our neighbours and working with our stakeholders to develop better project plans and create long-term opportunities and economic benefits in the communities where we operate. Our approach to engagement with stakeholders who may be affected by our activities is rooted in our core values of safety, integrity, responsibility and collaboration.

More information:

2017 CR Report

Stakeholder Engagement
Indigenous Relations

Indigenous Relations

Indigenous Relations

TC Energy has a long history and extensive experience engaging with Indigenous groups across North America. We recognize Indigenous groups as rights holders who have a distinct relationship to the land, and we strive to build co-operative, mutually beneficial and lasting relationships through considerate engagement with Indigenous groups on whose traditional lands we work.

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Working with Indigenous Groups

2017 CR Report

Indigenous Relations
Working with Landowners

Working with Landowners

Working with Landowners

We build, operate and maintain assets that last generations, so we approach our relationships with landowners with the long term in mind. We continue to build and maintain relationships with close to 100,000 landowners across Canada, the United States and Mexico and know that these stakeholders are critical to our success.

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Working with Landowners

2017 CR Report

Working with Landowners

Governance

Corporate Governance

Corporate Governance

Corporate Governance

The board and the members of TC Energy's management are committed to the highest standards of corporate governance. The board has formally adopted and published a set of Corporate Governance Guidelines, which affirm TC Energy's commitment to maintaining a high standard of corporate governance. The guidelines address the structure and composition of the board and its committees and also provide guidance to both the board and management in clarifying their respective responsibilities.

More information:

Corporate Governance

2019 Management Information Circular

Corporate Governance
Safety

Safety

Safety

Delivering energy safely is our top priority. Our goal is to ensure that the public, our employees and the environment are not affected by an incident involving our assets. We believe that no safety-related incidents are acceptable and continue to work towards our goal of zero incidents.

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Safety

2017 CR Report

Safety
Risk Management

Risk Management

Risk Management

Risk management is integral to the successful operation of our business. Our strategy is to ensure that our risks and related exposures are in line with our business objectives and risk tolerance. We manage risk through a centralized assessment process that identifies and allows us to qualify risk that could materially impact our strategic objectives. Our Board of Directors’ Governance Committee oversees our risk management activities while our executive leadership team is accountable for developing and implementing risk management plans and actions.

More information:

2018 Annual Report

2017 CR Report

2019 Management Information Circular

Risk Management

Frequently Asked Questions

We build risk assessments into our decision-making process at all levels, including listening to our stakeholders’ concerns and collaborating with our industry peers.

E&S risk management is included in the risk management element of TC Energy’s Operational Management System (TOMS), which provides the framework for how our assets are designed, constructed, operated and decommissioned to ensure the safety, security and protection of our people, property, physical assets and the environment.

TOMS outlines TC Energy’s risk management process that requires the development of project-specific risk management plans that quantify and address risks in the areas of safety, customer impact, regulatory/compliance, environment, public perception, quality of life, and direct financial risk.

TC Energy has rolled out programs in the areas of Environment, Indigenous Relations, and Land, which are aligned to the TOMS governance model. The programs are applicable to all TC Energy assets and personnel, as well as partially owned entities and/or joint ventures, where TC Energy has operational control.

 

Our Board of Directors’ and its committees oversee our risk management activities, which includes ensuring appropriate management systems are in place to manage our risks, and oversight of our risk management policies, programs and practices. Each committee of the Board is also involved in risk oversight in their respective areas to ensure a robust risk management process with appropriate expertise, attention and diligence given to each key business risk. For example, the Health, Safety, Sustainability and Environment (HSSE) Committee of the Board (formerly the Health, Safety and Environment Committee) oversees operational, safety and environmental risk, and monitors compliance with our HSE programs through regular reporting from management.

In late 2018, we added “Sustainability” to the Health, Safety and Environment Committee of the Board to recognize and provide coordinated focus on the growing intersection of risk, governance, environmental and social issues. Over the next year, the responsibilities and oversight activities of the HSSE Committee will evolve as we further integrate sustainability into our business practices.

For more information, please visit the Risk and Risk Management section of our Annual Report and the Risk Oversight and Committee Responsibilities section of the 2019 Management Information Circular.

 

TOMS is modelled after international standards such as ISO 14001 and OHSAS 18001, conforms to external industry consensus standards and voluntary programs, and complies with applicable legislative requirements. TOMS complies with the National Energy Board (NEB) Onshore Pipeline Regulations Section 6, which provides prescriptive requirements on establishing, implementing and maintaining a management system. TOMS is subject to regulatory audits against these management system requirements, with the most recent audit undertaken by the NEB in 2017. Similar legislation has also been established in Mexico where TOMS will be subject to external verification in the future.

Historically, Tier 4 (third-party) audits were conducted on TC Energy’s HSE management system on a three-year frequency, with the most recent audit conducted in 2017. The former HSE management system has been integrated into TOMS and going forward the HSE programs within TOMS will continue to be subject to Tier 4 audits on a three-year frequency.

TC Energy has an internal, multi-disciplinary team that continuously refines the company's strategy for managing climate change risks and opportunities. This group is responsible for monitoring, assessing and communicating the climate change policy and regulatory context over the near, medium and long-term. Key business risks including climate change risks are provided to TC Energy’s Board at regular meetings and the Governance Committee, which oversees the company’s approach to risk.

TC Energy operates under a low-risk and enduring business model that maximizes the full-life value of our long-life assets and commercial positions through all points in the business cycle. While renewables are the fastest growing form of new power generation, respected authorities such as the International Energy Agency forecast that oil and natural gas will continue to be dominant energy sources and a vital part of the energy mix for decades to come. Our investment in balanced and sustainable energy systems, our current asset portfolio and our future growth plans all reflect the long-term supply and demand forecasts for all forms of energy.

In 2019, TC Energy released its inaugural Report on Sustainability and Climate Change, where we have described our approach in the context of climate change to ensure the resilience of our business model during the transformation to a lower carbon economy.

TC Energy understands that shareholders and other stakeholders want more information about how the company is addressing the risks and opportunities to our business related to climate change. In response to a shareholder proposal which was supported by our Board and management at our 2018 Annual Meeting of Shareholders, we have provided additional disclosure in our inaugural Report on Sustainability and Climate Change that was released at our Annual and Special Meeting of Shareholders on May 3, 2019. The report contains a discussion of our 2018 strategic planning cycle, which includes an analysis of the resilience of our portfolio under three long-term energy future scenarios and a fourth alternative 2 degrees Celsius case.

Looking forward we will continue to utilize scenario analysis in our strategic planning cycle to enhance the rigour of our assessment of our long-term resilience.

A core component of TC Energy’s ongoing engagement to develop long-term relationships with landowners and Indigenous communities in whose territory the company operates includes information sharing, identification of issues and efforts to address concerns. These efforts are in part, intended to avoid grievances through a proactive approach to mitigating potential grievances.

TC Energy’s preferred method for addressing the concerns of Indigenous groups and landowners is through direct and respectful discussion. Issues received or identified through ongoing engagement are systematically tracked and followed up on to promote resolution. In the event that resolution through this approach is not reached, we rely on existing regulatory and legal processes. Our goal is always to treat people fairly, using a principled approach.

TC Energy’s approach to working with Indigenous groups across all business lines and jurisdictions is informed by our Indigenous Relations commitment statementpolicy, strategy, guiding principles, as well as legal and regulatory landscapes, which continue to evolve. We engage Indigenous groups throughout the planning, construction and operation of projects, including sharing information related to project and operational activities, engaging to determine interests in activities, and ongoing efforts to address the aspirations and concerns of Indigenous groups as they arise.

The Indigenous Relations group engages early with potentially affected Indigenous groups to understand their interests, identify opportunities, respond to concerns and facilitate participation in TC Energy’s business activities, including asset operation and maintenance. Participation may include contracting, training and employment opportunities. TC Energy facilitates greater understanding of its projects, operations and how it conducts its work through various methods, including open houses, one-on-one and community meetings, site visits, toll-free telephone lines and written communications such as fact sheets, brochures, websites and email.

Other important elements of our Indigenous Relations Program include:

  • Scholarship program: The TC Energy Indigenous Legacy Scholarship is offered on an annual basis to students from communities near TC Energy operations and business activities in Canada, the U.S., and Mexico.
  • Community legacy and education and training initiatives: Throughout North America, our engagement team plays an important role in delivering our community legacy investment and education and training initiatives to Indigenous groups. We look to Indigenous groups to identify their needs and interests for these initiatives, which support community aspirations and provide opportunities for TC Energy to participate in community events.
  • Engagement leads and regional liaisons: Engagement leads establish and strengthen relationships through the project phase of an asset, and TC Energy maintains a regional presence through the work of regional liaisons.

 

The Board receives verbal and written reports regularly from management on various significant matters related to its operations and development and construction of projects throughout all of its business lines and geographies. These reports have included notification of, and updates on, matters related to Indigenous rights and relations including presentations on TC Energy’s approach with Indigenous communities.  For instance, with respect to the Coastal GasLink project, the Board has received regular written and verbal reports regarding the status of the company’s relationships and agreements with First Nations and Indigenous communities along the route.

Indigenous relations experience or training is not specifically identified as criteria when identifying suitable director candidates, but could fall into the broader set of skills and expertise categories that the Governance Committee considers when discussing Board renewal.

Awards and Recognition

Dow Jones Sustainability Index logo
CDP logo
Bloomberg Gender-Equality Index logo
Best 50 Corporate Citizens logo
 

Visit our Awards and Recognition page to learn more about the recognition we have received from respected third-party agencies.