Leading the energy transition
OPG is focused on electrifying life in one generation, for the benefit of our province, our planet, and future generations.
In OPG’s first Integrated Environmental, Social, and Governance (ESG) and Annual Report, we detail how we are building a sustainable future powered by our electricity, ideas, and people while protecting the environment and becoming a more inclusive, diverse, and socially responsible company.
OPG at a glance
MW generating capacity
billion in assets
employees across Ontario, U.S.
diverse, reliable generating stations in operation
Celebrating a strong 2023
terawatt-hours of electricity generated
in net income attributable to the Shareholder, the Province of Ontario
Darlington
Refurbishment’s Unit 3 returned to service, 169 days ahead of schedule
Pickering
Refurbishment received support from the Province of Ontario in 2024 to proceed with next steps
in economic benefits delivered to Indigenous communities, businesses since 2021
Recognized
as one of Canada’s Best Diversity Employers
Diverse generation mix
Electricity generation (TWh)
2023
Total
Regulated Nuclear
Regulated Hydroelectric
Atura Power
Contracted Hydroelectric & Other
2022
Total
Regulated Nuclear
Regulated Hydroelectric
Atura Power
Contracted Hydroelectric & Other
Securing more clean, reliable energy
OPG continues to progress work on Small Modular Reactors (SMRs), hydroelectric facilities, green hydrogen, energy storage, and electrification infrastructure projects.
These initiatives will help power the growing demands of a clean economy while providing jobs and economic growth.
We’re developing North America’s first fleet of grid-scale SMRs.
We’re investing in turbine-generator refurbishments across our hydroelectric fleet.
Strong financial performance
Over the past five years, OPG has returned about $7.2 billion in net income to the Province.
A leader in isotope innovation
OPG and subsidiary Laurentis Energy Partners are leading producers of critical medical nuclear isotopes.
ESG Pillars
Environmental
ESG Guiding Principle
We will lead the clean energy transition through our power generation, new technology development, electrification initiatives, and operational excellence, while ensuring strong environmental and biodiversity protection and enhancement.
Material Topics
- Greenhouse gas emissions and climate change mitigation
- Climate change adaptation
- Management of nuclear by-products, waste, and Nuclear Sustainability Services
- Biodiversity and wildlife habitat stewardship
- Water and wastewater management
A net-zero carbon company by
2040
Having delivered the world's single largest climate action to date by closing our coal stations, OPG will continue to be a climate leader by investing in and implementing CO2 reductions and offsets to achieve net-zero carbon emissions by 2040.
A net-zero carbon economy by
2050
OPG will be a leading energy innovation company, advancing clean technologies and solutions to help the markets where we operate achieve net-zero carbon economies by 2050.
Since 2000, OPG has helped plant more than 9 million native trees and shrubs across Ontario.
Social
ESG Guiding Principle
We will be a safety leader and a trusted partner, neighbour, advocate, employer, and steward of resources.
Material Topics
- Indigenous relations and Reconciliation
- Equity, diversity, and inclusion
- Reliability
- Affordability
- Public health and safety
- Nuclear medicine and isotopes
Through our Reconciliation Action Plan, OPG is committed to growing our economic impact for Indigenous communities and businesses by $1 billion over 10 years.
2023 OPG Community Investment Contributions by Focus Area
Governance
ESG Guiding Principle
We will conduct ourselves with honesty and integrity, carry out our business with transparency, and ensure diligent oversight systems and processes.
Material Topics
- Corporate Governance
- Business model resilience
- Ethical business conduct
- Systemic risk management
