TransAlta Named of Canada’s Best 50 Corporate Citizens

TransAlta Renewables Named as One of Canada's Best 50 Corporate Citizens by Corporate Knights

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CALGARY, AB – TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) has been recognized by Corporate Knights as one of the Best 50 Corporate Citizens for 2021, an annual ranking of Canadian companies’ sustainability leadership performance. Honorees were selected from a pool of 271 Canadian companies with revenues over $1 billion. The Best 50 Corporate Citizens list evaluates and ranks Canadian corporations, against a set of 24 key performance indicators (“KPI”), covering environmental, social and governance (“ESG”) indicators, relative to their industry peers and using publicly available information. The Best 50 Corporate Citizens ranking sets the standard for sustainability leadership in Canada by showcasing the leading performance for KPIs such as clean revenue, clean investments and diverse leadership at the board level.

“We are honoured to be recognized as a Best 50 Corporate Citizen, among Canada’s most prominent corporate leaders in sustainability. This recognition serves as an acknowledgement of our continued commitment to sustainable operations and ESG reporting,” said Todd Stack, President and CEO. “We strive to integrate sustainability into all areas of our business, including governance, decision-making, risk management and our day-to-day business processes.”

The list’s ranking is conducted by Corporate Knights, the voice for clean capitalism, which includes the sustainable business magazine Corporate Knights and a research division that produces rankings and financial product ratings based on corporate sustainability performance. The list’s KPIs include criteria such as revenues derived from products and services that are clean, investments in clean assets, gender and racial diversity, resource management, safety, and supply chain sustainability among others.

TransAlta Renewables is committed to continuous improvement on key ESG issues and to ensuring its economic value creation is balanced with a value proposition for the environment and its communities.

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