Providing
Sustainable Solutions

Recognizing the importance of climate change, Evolugen has conducted greenhouse gas (GHG) emissions inventories annually since 2017, expanding the scope of the emissions considered and improving processes year over year. In 2022, we expanded our Scope 3 emissions data collection beyond air travel, to include Category 15 for investment emissions and Category 1, 2 and 3 for construction emissions. Once again, our emissions have confirmed that Evolugen is amongst the lowest GHG emitters in the Canadian energy industry. Additionally, we are proud to offer innovative renewable energy solutions that empower partner companies to effectively curtail their own GHG emissions. In line with our vision, we are excited to announce our commitment to achieving carbon neutrality in relation to our Scope 1 and 2 emissions, encompassing our existing 2020 baseline asset portfolio. This commitment underscores our dedication to environmental sustainability and positions us at the forefront of the Canadian effort to combat climate change.

Water is an essential resource that sustains all life on Earth by transporting nutrients vital for vegetation growth and the production of oxygen. Healthy rivers and oceans carry water to people, support healthy ecosystems and provide a myriad of leisure activities we all enjoy. In addition, water sources absorb and transfer heat and sequester carbon which regulate global temperatures, making them critical assets in mitigating climate change. To further combat the effects of climate change, Evolugen has harnessed this resource to generate renewable energy at our hydropower facilities.

In the past few years, we have seen both flood and drought conditions impact our operations and the communities in which we operate. These events have highlighted the proficiency with which we have been able to manage our assets and communicate effectively with government regulators, stakeholders and Indigenous communities to ensure public safety and minimize property damage. These events have also reinforced the benefits of continued improvement including analysis to better predict the impacts of changes in weather and climate. Such monitoring, analysis and continued improvements allow us to make informed management decisions in the short, medium and long terms.

We are committed to being good stewards of the environment, investing in and enhancing biodiversity through ecosystem understanding and the implementation of best management practices. In advance of project development, we assess the environment to plan for long term goals that will support sustainable use of ecosystems. We conduct fish and wildlife studies to understand baseline information to ensure we can mitigate potential impacts. During the operating phase of our projects, we undertake a variety of actions to avoid, where possible, and otherwise mitigate the impact of our facilities on ecosystems, including conducting wildlife studies and making operational adjustments during species migration or other key life stages. Our partnerships with communities, Indigenous Peoples, local agencies and environmental non-governmental organizations enhance our understanding of species and the ecosystems around our facilities.

Evolugen strives to continuously learn about our operations interaction with the environment and take every opportunity to improve our practices to benefit the environment. As well, we take pride in prioritizing health, safety and the environment above all else.

In 2022, to codify our commitment, Evolugen developed our Biodiversity Principles.