Port Metro Vancouver has released its independently audited 2012 Financial Report and third annual Global Reporting Initiative B+ level, independently assured Sustainability Report. The financial and sustainability reports cover the period January 1-December 31, 2012, and together provide a summary of Port Metro Vancouver’s overall performance.

The 2012 Financial Report, "Leading, Planning and Investing," combines the port authority’s audited financial statements with its management discussion and analysis. Key points:

• Affirmation from Standard & Poor’s of the port authority’s AA credit rating for the third consecutive year. 
• Operating revenues increased by 3 percent to a record of C$186 million. 
• The port authority secured a five-year loan agreement to ensure liquidity for its capital needs. 
• Completion of two Gateway Infrastructure Fee projects on time and on budget: the Lynn Creek Rail Bridge in North Vancouver and the 80th Street Rail Overpass in Delta. 

The 2012 Sustainability Report, "Leading, Listening and Responding," focuses on material issues of significance to port stakeholders, such as port growth and land use, safety and security, reliability and competitiveness, and the port’s impact on community and the environment. Major accomplishments included:

• The port conducted 210 environmental assessments, of which just five were legislatively mandated. 
• 60 cruise vessels connected to shore power at Canada Place, reducing greenhouse gas emissions by more than 2,200 metric tons. 
• The port led or participated in more than 600 community engagement events. 
• Port Metro Vancouver was named to the 2012 "Green 30" list of Canadian organizations whose employees are most positive about their record on environmental stewardship. 

To read the reports, go to: portmetrovancouver.com/accountability.