Water Power Group Works with Aboriginal Communities in Canada
Tiana Reid — January 11, 2013 — Social Good
References: waterpowergroup & bcorporation.net
Based in Toronto, Water Power Group is a renewable energy company that works with Aboriginal communities in Ontario. They are a founding B Corporation in Canada and have received pretty impressive scores when it comes to governance and environment: 89% and 92% respectively.
Values lead the way in the business model that emphasizes sustainability when it comes to economic success. The benefits to renewable energy and hydroelectric projects are well-known at this point but less emphasized sometimes is how hydropower projects can affect the communities who live in the changed areas. First Nations communities can invest in Water power Group's projects and also take part in the decision-making process. There is also a priority placed on being able to sustain activities, for instance, kayaking and fishing.
Contact Information
Water Power Group website
Values lead the way in the business model that emphasizes sustainability when it comes to economic success. The benefits to renewable energy and hydroelectric projects are well-known at this point but less emphasized sometimes is how hydropower projects can affect the communities who live in the changed areas. First Nations communities can invest in Water power Group's projects and also take part in the decision-making process. There is also a priority placed on being able to sustain activities, for instance, kayaking and fishing.
Contact Information
Water Power Group website
Trend Themes
1. Sustainable Energy - As more businesses look to incorporate sustainability into their operations, there is a growing trend in the use of localized renewable energy, such as hydropower projects, to achieve economic success while also prioritizing impact on communities and the environment.
2. Indigenous Partnerships - Companies are recognizing the value of partnering with First Nations communities for renewable energy projects to ensure mutual benefit and a focus on long-term sustainability in decision-making and community involvement.
3. B Corporations - B Corporations, like Water Power Group, are becoming more popular as consumers and businesses alike seek out companies that prioritize both ethical and sustainable practices in their operations.
Industry Implications
1. Renewable Energy - Localized renewable energy is disrupting the traditional energy sector by allowing businesses to incorporate alternative, sustainable energy options into their operations while prioritizing environmental and community impact.
2. Indigenous Relations - Companies partnering with First Nations communities for renewable energy projects are disrupting traditional approaches to business operations by prioritizing mutually beneficial relationships and long-term sustainability.
3. Sustainable Business Models - B Corporations and other sustainability-focused companies are disrupting traditional business models by prioritizing social and environmental impact alongside economic success.
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