Port Metro Vancouver Releases 2013 Sustainability and Financial Reports

Metro Vancouver: Port Metro Vancouver today released its fourth annual Sustainability Report and 2013 Financial Report. Both reports together cover the period of January 1, 2013 to December 31, 2013 and provide a summary of Port Metro Vancouver’s overall performance.

The 2013 Sustainability Report is a Global Reporting Initiative B+ level, independently assured report that provides information on the sustainability topics of greatest significance to Port Metro Vancouver and its stakeholders. It is designed to provide greater transparency and accountability in how Port Metro Vancouver conducts business, and to offer a platform for sharing performance and receiving feedback.

Key accomplishments outlined in the 2013 Sustainability Report include:

Port Metro Vancouver completed 198 environmental reviews on proposed projects and activities to identify and mitigate effects on land, air and water.

A 12% increase in participation in the EcoAction program, which promotes emission reduction measures by offering discounted harbour rates to shipping lines.

Participation in more than 500 community engagement events.

82 cruise vessels successfully connected to shore power at Canada Place, enabling ships to shut off their diesel powered engines thereby reducing gas emissions by more than 3,000 tons.

Port Metro Vancouver was named in Aon Hewitt’s Green 30 for the second consecutive year.

Key topics discussed in the report include:

The industrial land shortage in the Lower Mainland

The movement of coal

Noise in proximity to residential areas

Trucking

Tanker safety

Major port-related infrastructure projects

The 2013 Financial Report outlines Port Metro Vancouver’s commitment to financial self-sufficiency and the reinvestment of profits to continually improve port facilities, infrastructure, and services for users, as well as to enhance environmental programs and to benefit local communities. Key accomplishments outlined in the report include:

Re-affirmation by Standard & Poor’s of our AA credit rating, for the fourth consecutive year.

A 12% increase in overall consolidated revenue, from $189 million in 2012 to $212 million in 2013.

The purchase of the former Fraser Wharves auto terminal in Richmond for $56 million.

The completion of the South Shore Elevated Road Structure, on time and on budget.

As a port authority, Port Metro Vancouver is committed to leading the continued growth of Canada’s Pacific Gateway in a manner that enhances the well-being of Canadians and inspires national pride. We strive to be recognized as a world class gateway by efficiently and sustainably connecting with the global economy.

“Port Metro Vancouver is focused on balancing growing demand for trade with the need to protect our environment and maintain the quality of life of our neighbours,” said Robin Silvester, President and Chief Executive Officer, Port Metro Vancouver. “Port-related activities are critical to the local and national economies, and inherently raise a wide variety of issues important to us all. We are dedicated to continued dialogue and collaboration with our customers, supply chain partners, communities, governments and First Nations.”

About Port Metro Vancouver:

Port Metro Vancouver, is a non-shareholder, financially self-sufficient corporation established by the Government of Canada, pursuant to theCanada Marine Act, and is accountable to the elected federal Minister of Transport. Port Metro Vancouver is Canada’s largest port and a leader in environmental stewardship. About $172 billion in goods is traded annually with more than 160 trading economies, generating across Canada an estimated 100,000 jobs, $6.1 billion in wages, and $9.7 billion in GDP. Port Metro Vancouver’s annual sustainability report provides an overview of our social, environmental and economic performance, and is independently assured by a third party. Port Metro Vancouver was the second port globally (behind Rotterdam) to produce a sustainability report meeting the Global Reporting Initiative (GRI) G3.1 Sustainability Reporting Guidelines, B+ Application Level, and is the first port globally to become a member of the International Integrated Reporting Council, Integrated Reporting Framework Pilot Project.

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For more information

To learn more and read both reports, please visit:http://www.portmetrovancouver.com/en/about/corporate/accountability.aspx

Contact

John Parker-Jervis
Media & Government Affairs Advisor
604-665-9267

John.parker-jervis@portmetrovancouver.com