Duke Energy Joins Industry Initiative to Enhance Sustainability Reporting for Investors
Tuesday, December 5th, 2017
Duke Energy, an industry leader in transparent environmental, social and governance reporting, is now helping pilot an innovative industry-wide approach to better communicate progress on ESG and sustainability issues.
The new reporting template was developed as part of an ongoing initiative by Edison Electric Institute and its member companies to help provide investors with more uniformity and better consistency for ESG/sustainability metrics.
"Duke Energy has a long-standing track record of providing comprehensive information about our ESG activities to investors, customers and other stakeholders," said Mike Callahan, Duke Energy's vice president of investor relations. "Sustainable investing is gaining momentum and we want to make it even easier for investors to incorporate ESG considerations into their investing strategies."
Duke Energy is executing a strategy to deliver a cleaner, more sustainable energy future for customers. The company's ESG/sustainability efforts earned it a place on the Dow Jones Sustainability North American Index for the 12th consecutive year in 2017. Highlights of Duke Energy's efforts include:
Since 2005, Duke Energy's U.S. carbon dioxide (CO2) emissions decreased by 29 percent, sulfur dioxide (SO2) emissions decreased by 94 percent and nitrogen oxides (NOx) emissions decreased by 70 percent.
By 2030, the company plans to reduce carbon dioxide emissions 40 percent from 2005 levels.
Since 2007, Duke Energy has grown its renewable generation portfolio and now has more than 5,400 megawatts of wind, solar and biomass capacity – owned or under contract.
The company is on track to reduce customer energy consumption by 15,000 GWh by 2020, which is equivalent to the annual usage of 1.25 million homes.
Electric customers continued to benefit from rates below the national average in all customer classes and all service areas.
The company is on target to recycle 80 percent of its solid waste by 2018. Currently, 76 percent of the solid waste produced by Duke Energy is recycled.