Sustainability
Sustainability at NYPA
Sustainability is defined as an approach to development that meets the needs of the present without compromising the ability of future generations to meet their own needs. This business approach uses a triple bottom line accounting framework that balances economic, environmental and social priorities for long-term value creation. More and more companies are embracing sustainability as a competitive business strategy, recognizing that economic growth, environmental stewardship and social equity are interconnected.
As the global economy and population continue to grow, society’s impact on the environment and its use of natural resources is increasing at an unsustainable rate. It is becoming more and more urgent to transition to a renewable-resource based economy. With the impacts of climate change becoming more apparent, the transition from fossil fuels to renewable energy is becoming increasingly critical. New York State has taken on the challenge, setting ambitious climate change and renewable energy goals.
NYPA is playing an instrumental role in the transition to a clean energy economy in New York. With 70 percent of NYPA’s electricity generated from hydroelectric facilities, and with aggressive solar, wind, energy efficiency and transportation electrification programs, NYPA is already an established leader in clean energy. Building on this strong foundation, we are seeking to demonstrate sustainability leadership in every aspect of our business. We are setting targets to improve resource efficiency and reduce NYPA’s environmental footprint across operations, from electricity supply, to buildings and vehicles, to supply chain and materials and waste management.
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