Global Reporting Initiative
Economic Performance Indicators
Degree of compliance with GRI standard disclosures
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Standard disclosure fully covered |  |
Standard disclosure partially covered |  |
Standard disclosure not covered |
| GRI no. | Standard disclosures | References and notes |
|---|---|---|
| Management approach | ||
 Economic performance
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Market presence
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Indirect economic impacts
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| Economic performance | ||
| EC1 |
Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments. |
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| EC2 |
Financial implications and other risks and opportunities for the organization's activities due to climate change. |
Hydro-Québec uses water to generate 98% of its electricity. A hydroelectric generating station is very low in greenhouse gas emissions, so Hydro-Québec directly contributes to Québec's excellent record and helps reduce GHG emissions from neighboring markets. The predominance of hydroelectricity will be a significant advantage to Hydro-Québec should a tradable emission credit system be created.
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| EC3 |
Coverage of the organization's defined benefit plan obligations. |
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 EC4 |
Significant financial assistance received from government. |
The Québec government is Hydro-Québec's sole shareholder.
Apart from reimbursement for the 1998 ice storm, Hydro-Québec does not receive any significant financial assistance from the government.
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| Market presence | ||
| EC5 |
Range of ratios of standard entry level wage compared to local minimum wage at significant locations of operation. |
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| EC6 |
Policy, practices, and proportion of spending on locally based suppliers at significant locations of operation. |
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| EC7 |
Procedures for local hiring and proportion of senior management hired from the local community at significant locations of operation. |
On large projects, Hydro-Québec employs a number of mechanisms (agreements, clauses, etc.) to encourage the recruitment of local residents, including Aboriginal workers.
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| Indirect economic impacts | ||
| EC8 |
Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement. | Hydro-Québec contributes to the development of local communities, specifically by helping fund community projects under its Integrated Enhancement Program. |
| EC9 |
Understanding and describing significant indirect economic impacts, including the extent of impacts. |
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