Ameren joins initiative to enhance ESG/sustainability reporting

Ameren Corporation said recently that it is participating in an industry initiative to increase the uniformity and consistency of the environmental, social, governance and sustainability-related (ESG/sustainability) metrics provided to electric industry investors.

The result of the initiative, coordinated by the Edison Electric Institute (EEI), will supplement Ameren’s existing ESG/sustainability reporting.

“This voluntary effort will provide investors and stakeholders with ESG information that is more consistent across the electric utility sector in terms of accessibility, content, and timing,” Bruce Steinke, vice president of finance and chief accounting officer for Ameren, said. “We believe this report will complement our current corporate social responsibility efforts in a more detailed manner relevant to financial stakeholders.”

Ameren also participated in the steering committee that helped lead the ESG/sustainability reporting effort.

A working group made up of members of the financial community and electric company officials helped EEI develop the pilot framework over an 18-month period. The framework includes qualitative information, including ESG/sustainability governance and strategy, and quantitative information, such as portfolio data, emissions and human and natural resources.

Additional electric industry participants are expected to join the program later this year.