PortsToronto has three key priorities:
As required by law, PortsToronto is financially self-sufficient and does not receive any government or public funding. Instead, the organization finances itself through the management of its business units and remits taxes and payments in lieu of taxes to both the federal government and the City of Toronto.
PortsToronto has recorded a profit each year since 2008 by charging fees for its services. Billy Bishop Toronto City Airport passengers pay an Airport Improvement Fee of $20 per outbound flight. Recreational boaters and commercial ships that go through the harbour or use Marine Terminals 51 and 52 at the Port of Toronto also pay fees, as do boaters who dock at the Outer Harbour Marina.
PortsToronto has a 100-year commitment to environmental leadership, with some of its initiatives including:
- Preventing flooding and keeping the harbour clean by removing 40,000 tonnes of debris, silt and driftwood from the waterfront every year.
- Choosing 100 per cent green electricity across all operations through Bullfrog Power, becoming the only port authority and airport in Canada to choose green electricity for all of its facilities.
- Creating a wetland area and fish habitat in Tommy Thompson Park on the Leslie Street Spit in partnership with the Toronto and Region Conservation Authority.
- Upholding the Outer Harbour Marina’s 5 Green Anchor Gold rating from the Ontario Marine Operators’ Association (OMOA).
PortsToronto conducts regular community meetings with its neighbours along the waterfront – institutional, business and residential. This includes a quarterly Community Liaison Committee meeting with community residents and airport stakeholders designed to ensure Billy Bishop Toronto City Airport is responsive to the needs of its neighbours. PortsToronto also meets regularly with other businesses and organizations committed to developing a waterfront that best serves the people of Toronto.