Exelon ESG report highlights vehicle electrification, zero carbon push

In its latest Environmental, Social and Governance Report (ESG), released this week, Exelon showcased its efforts to go green, touting itself as the largest carbon-free energy producer in the United States and pointing to energy efficiency and vehicle electrification efforts, among others.

The company has currently set goals to address the growing climate crisis, make the energy grid more resilient, boost diversity and equity internally and externally, and provide both educational/workforce development efforts and economic opportunities. From its carbon-free perch, the company also stresses ongoing advocacy efforts at state and federal levels to eliminate further emissions from the energy sector at large. In part, this modern public image has been aided by the implementation of four new ethics policies and the expansion of internal oversight.

“These values have been at the core of our business since our company’s founding, when we launched a strategy to build the nation’s cleanest power generation fleet, create a workforce that reflects our communities, operate responsibly and transparently, and partner with the organizations working to make a more equitable and just world,” Chris Crane, president and CEO of Exelon, said. “We have always been committed to doing what is right for our employees, customers, and communities, and this report helps us track our progress and hold ourselves accountable.”

The company has launched a $20 million Climate Change Investment Initiative to fund emerging electrification, storage, and energy capture technologies. At the same time, it intends to electrify 30 percent of its utility vehicle fleet by 2025 and to reach 50 percent by 2030.

It has also helped save more than 22.3 million megawatt-hours of electricity through the introduction of energy efficiency programs at the customer level. Financial assistance programs have expanded during the COVID-19 pandemic, and temporary late fee and disconnection moratoriums were put in place. The company has also sponsored more than 45 workforce development programs among its communities, targeting economic inequality.