Measures and Standards: Key Indicators
2023-24 Highlights
Looking Ahead
Our Approach to ESG
President’s Message
About SaskEnergy
Environment
Prosperity
Our People
Governance
President’s Message On behalf of SaskEnergy, I am pleased to present our 2023-24 Environmental, Social and Governance (ESG) Report. This report provides an overview of SaskEnergy’s continued progress on ESG principles, including environmental stewardship, supporting our customers and the communities we serve, attracting and retaining the people that allow us to meet Saskatchewan’s energy needs, and demonstrating socially conscious business practices. In addition to the initiatives and actions highlighted, we provide our results and an outlook on the key indicators we have established as our measures and standards. Three years ago, SaskEnergy made a commitment to reduce our emissions from operations by 35 per cent by 2030, and I am proud to share that we are already halfway to meeting that goal. Several of this year’s initiatives and projects helped us reach this milestone, such as large-scale solar power systems at three additional sites, further installations of technology to reduce instances of vent gas at our compressor stations, and equipment upgrades that provide instant emissions reductions. At the same time, SaskEnergy is committed to assisting our customers in reducing their energy use, which decreases their end-use emissions and saves them money. This year, we introduced three new energy efficiency programs for customers, including a rebate to assist residents on First Nations throughout Saskatchewan in replacing old gas furnaces with new, high-efficiency models. Through our energy efficiency programs, nearly 8,000 customers received $3.9 million in rebates in 2023-24, allowing them to reduce emissions by 19,200 tonnes of carbon dioxide equivalent. As SaskEnergy continues to meet the increasing demand for natural gas in our province, we are also dedicated to strengthening the economy and investing in the communities we serve. In 2023-24, we purchased $258 million in goods and services from local vendors, which accounted for 65 per cent of our procurement spending.
In addition, $31.7 million in contracts were awarded to Saskatchewan businesses with Indigenous ownership or Indigenous content. As a Crown corporation, we are also proud to support local communities and charitable organizations. In 2023-24, SaskEnergy supported 871 programs and events in 360 communities across Saskatchewan, including investment in environmental stewardship, natural gas education and safety, and Indigenous engagement activities. Recognizing the cost pressures that consumers are facing, we are committed to providing our customers with competitive and stable rates. Our ability to deliver affordable energy is one of our strategic imperatives and our average annual residential natural gas bill was the second lowest in the country at the end of 2023-24. Moving forward, we will continue to focus on operational efficiencies and financial stewardship to reduce costs. We also provide value to our customers by increasing their ease of service and were pleased to make several service enhancements during 2023-24. These included new features for landlords in SaskEnergy’s Online Account, the launch of a new mobile application, and offering two-hour arrival windows for service appointments, such as meter exchanges, for customers throughout the province. At SaskEnergy, our progress on ESG principles also means that we act in the best interests of the public. ESG principles are integrated into our governance framework, our approach to risk management, and in our business strategy. From our Board of Directors’ oversight of the Corporation to our corporate culture and how we interact with our fellow employees and our customers, SaskEnergy is focused on actions that reflect our values of safety, integrity, stewardship and teamwork. I see these values demonstrated by our provincial team of employees daily, and it is important to our company that we can provide our people with a safe, inclusive and engaging workplace that inspires them to perform at their best. Our employees drive SaskEnergy’s success, and I thank each of them for their dedication to our province and our company.
Mark Guillet, K.C. President and Chief Executive Officer
2023-24 ESG Report
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