ESG Reporting
At 407 ETR, we’re passionate about connecting people and businesses to communities across the Greater Toronto Area (GTA) and we are conscious of our impact from an environmental, social and governance (ESG) perspective.
Our 2023 ESG Report demonstrates the important progress we have made towards increasing our transparency and accountability, not only to our shareholders but to our customers, employees and the communities we serve.
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Areas of Impact
Governance
From diversity in our leadership to adhering to high standards of ethical behaviour, we’re focused on enhancing our strong governance structure.
Environment
We do our part to maintain and operate the roadway with as minimal disruption to the environment as possible.
Social
From the safety and diversity of our workforce to investments in communities we serve, we take great pride in our social responsibility.
2023 Highlights
We’re proud to be publishing this report in alignment with the Sustainability Accounting Standards Board (SASB) framework and the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD recommendations). We also align current and past initiatives to several UN Sustainable Development Goals (SDGs)—a shared blueprint to help people and the planet thrive.
- $100,000 donated to help support road safety initiatives through local not-for-profit organizations.
- Employees achieved and surpassed 3.7 million hours without a lost-time injury as of December 31, 2023.
- 150 youth sports teams supported through Keep Moving™ by 407 ETR.
- Donated over $105,000 to United Way Greater Toronto through employee fundraising campaign and corporate matching program.
- 38% female representation on our Board of Directors, exceeding our target of 30%.
- 48% female workforce and 20% female representation in Management.
- $400,000 multi-year commitment through k2i (kindergarten to industry) academy at York University's, Lassonde School of Engineering to help more girls (among other underrepresented groups) pursue STEM-related careers.
- Reduced our Scope 1 and Scope 2 GHG emissions by approximately 20% compared to our 2018 baseline.
- Developed a GHG emissions reduction roadmap that outlines annual targets and emissions reduction initiatives.
- Completed a climate scenario analysis to identify climate change transition and physical risks for our business.
- Added a wide-wing snowplow to our fleet to enhance efficiencies and reduce emissions from winter operations.
- Donated over $600,000 to help support and enhance the natural spaces in surrounding communities through five key environmental partners, including a multi-year donation to Nature Conservancy of Canada’s Internship Program to help grow the next generation of conservation leaders in Ontario.
- Planted 10,000 native species trees along Highway 407 ETR to promote biodiversity and a healthy and sustainable landscape.
- Employees volunteered a total of over 600 hours with environmental organizations.
“We understand the critical role that transportation plays in shaping the future of our planet. This report reflects our dedication to transparency and accountability as we navigate risks and opportunities in the transportation industry.”
