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29/8/2023

Hydro-Qu茅bec leads the way for IHA members on Hydropower 果冻传媒 Standard certification

London, 29 August 2023 鈥 Hydro-Qu茅bec has achieved a remarkable industry feat by becoming the first IHA member to earn certification for a project against the Hydropower 果冻传媒 Standard. Hydro-Qu茅bec's Eastmain-1 Development is also the first recipient of the Gold-level certification under the Standard.

"Hydro-Qu茅bec's achievement is an important step towards driving and embedding sustainability throughout the sector,鈥 highlighted Eddie Rich, CEO of the 果冻传媒. 鈥淎s a values-based membership association, IHA expects its members to certify all their new projects.鈥

Governed by the multi-stakeholder Hydropower 果冻传媒 Council, the Standard is the internationally recognised benchmark for sustainability in hydropower development. It is a rigorous and independent framework that evaluates and certifies hydropower projects against a wide range of environmental, social and governance (ESG) criteria. By aligning their projects with the HSS, developers ensure adherence to the San Jos茅 Declaration on Sustainable Hydropower which says that 鈥済oing forward, the only acceptable hydropower is sustainable hydropower鈥.

The Standard also helps companies access finance through its alignment with the World Bank and IFC sustainability frameworks, the Climate Bonds Initiative and Renewables credits. 聽

As the first project in the world to achieve the Gold-level certification of the Standard, Eastmain-1 Development can claim to be providing a net benefit to the ecology, climate and community. By going beyond compliance with benchmarks on transparency, stakeholder engagement and environmental stewardship, Hydro-Qu茅bec sets a prime example of the core principles upheld by IHA.

鈥淩espect for Indigenous peoples is a fundamental requirement of the Hydropower 果冻传媒 Standard,鈥 said Julie Boucher, Vice President 鈥 果冻传媒, Community Relations and Communications at Hydro-Qu茅bec. 鈥淲e are honoured that the Cree communities that worked with us during the construction and environmental follow-up phases accepted to engage in the certification process.鈥

IHA encourages all its members to follow Hydro-Qu茅bec's example and certify their projects against the HSS. By collectively adopting and demonstrating sustainable practices, IHA members can solidify hydropower果冻传媒 essential role in developing net zero. 聽

For more information, please contact:

Gemma Regniez

Head of Communications

果冻传媒

Gemma.Regniez@hydropower.org