Water Power Group LP

Renewable energy developer

Toronto, Ontario

Canada

waterpowergroup.com

About Water Power Group

Water Power Group is a private power producer working in partnership with local and Aboriginal communities to develop small run-of-river hydroelectric projects in markets across North America, primarily in Ontario, Canada. Water Power Group repurposes flood control dam sites to generate clean hydropower, using highly efficient ‘low-head’ turbine technologies proven to produce reliable waterpower with minimal impacts on rivers and surrounding ecosystems.

We became a B Corp to enhance our organization’s vision of producing clean power and local economic benefits through First Nations and community engagement in renewable waterpower power investment, development and ownership.

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Water Power Group’s business model is built on a vision of long-term, sustainable economic performance. Many of the company’s projects receive revenue secured by 40-year power purchase agreements with the Ontario Power Authority under the terms of the province’s Green Energy Act. By including local private, public and co-operative partnerships in its business model, Water Power Group is finding more effective financing, reducing project cost and risk, and ensuring a higher rate of return on its projects. For more information, visit www.waterpowergroup.com.

The Change We Seek®

Water Power Group’s envisions a clean energy future that enables everyone to participate in, and benefit from a values-based, renewable energy economy.

In addition to the environmental benefits of producing renewable clean hydropower that can reduce our dependency on fossil fuels such as coal, gas and diesel, the company employs fish-friendly turbines and selects pre-existing dam sites to minimize aquatic and shore disruption and limit impacts on recreational and cultural activities such as fishing and kayaking.

Water Power Group is committed to a fair environmental assessment process that places consultation and open public engagement at the forefront of the process. The company prioritizes local sourcing and employment, and further enables small-market economic development by inviting local citizens, community groups, co-ops and First Nations to invest in projects through local equity share-offerings. Community investment has proven to keep project revenues circling within local host communities, in this case often small townships and municipalities where benefits can touch everyone in the region.

Water Power Group seeks to maximize the ecological, social and economic benefits of waterpower development through industry leadership in technology, site development and community engagement. The company is committed to using pre-existing flood control dam sites and new turbine technologies to effectively harness the power of water to create clean power with minimal ecological impact. Through the early engagement of communities local to its projects, the company seeks to enable local citizens and First Nations to participate in, and benefit financially from, the development of waterpower sites that provide secure, green power and profits to their communities.

What makes us a better company?

B Impact Report

Certified since: 

December 2011
Summary:

Company Score

Median Score*

Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

18
10
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

33
22
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

30
32
Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

46
9
Overall B Score
127
80

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Community: Significant suppliers requried to meet specific social and environmental criteria; 20+ hours a year of paid time off to volunteer

Environment: 25-50% of energy used is from renewable sources; Reduced energy usage by +10% last year at corporate facilities; Reduced greenhouse gas emissions by +10%  per capita basis last year