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52012wasaverygoodyearforOntarioswasteelectricalandelectronicequipmentWEEEdiversionprogram.Itwasalsoayearthatcamewithsomechallenges.Challengecameintheformofprogramreform.Asresponsiblefinancialmanagersoftheprogramourgoalistobalancerevenuesandcoststoensurethattheprogramremainsstableconvenientefficientandeffective.In2012weintroducedreformsbuiltonbestpracticesfromotherjurisdictionsandwithextensiveconsultationwithgovernmentWasteDiversionOntarioandprogramparticipants.AnewfundingmodelwhichtakeseffectMay12013reflectsthegovernmentsrequestthatindustry-fundedprogramslikeOESrecoverthefullcostoftheiroperationsannually.Thenewfundingmodelisbasedonactualcostsandincludesprovisionforsufficientoperatingreservesanddeficitrecoverytoprovidesustainablefundinggoingforward.Reformofourprocessorincentiveprogramalignedincentiveswithmarket-basedcostsenhancedenvironmentalstandardsandstrengthenedprogramcompliance.AfocusoncontinuousimprovementhasbroughtoperatingcoststotheirlowestlevelinthreeyearsandamongthelowestinCanada.Atthesametimewefulfilledourmandatebydivertingmorethan75000tonnesofWEEEanincreaseof45percentoverlastyearandexceedingourtargetforthesecondyearinarow.Inthefewshortyearssincetheprogramsinceptionwehaveachievedamilestonein2012of100000tonnesofwasteelectronicscollectedandarewellonourwaytoreachingthe200000tonnescollectedmilestonein2013.Thecontinuedcommitmenttotheprogramisindeedhearteningandunderscorestheprogramswidespreadneedandsupportforitacrosstheprovince.Ontarianscanberightlyproud.IamalsoproudtoreportthatOESreceivedanAwardforExcellenceinCorporateResponsibilityfromGreenLivingEnterprisesinrecognitionoftheteamseffortstopromoteandeducateallOntariansonthesaferesponsiblehandlingofend-of-lifeelectronics.Ourmissiontoleadend-of-lifeelectronicscollectioninanenvironmentallyresponsibleandcosteffectivemannerforthebenefitofallOntariansisatthecoreofthedecisionswemakeonbehalfofthoseweserveincludingournetworkofserviceprovidersthatworkwithintheprogramandtheelectronicproductstewardsthatfundit.Forallthatwehaveachievedtogetherin2012thankyou.WelookforwardtoyourcontinuedparticipationinCanadasmostsuccessfulWEEEdiversionprogram.MESSAGEFROMTHEEXECUTIVEDIRECTORMESSAGEFROMTHEEXECUTIVEDIRECTOR