Entergy releases 2021 Integrated Report, highlighting its performance
Entergy released its annual assessment of the company’s environmental, social, governance, and financial performance for the past year.
The company’s 2021 Integrated Report – titled “The future is on” — provides stakeholders with a look at its priorities, commitments, progress on its ESG goals, and the opportunities in 2022 and beyond.
“Powering the lives of our customers and communities is an essential responsibility,” Leo Denault, chairman of the board and CEO of Entergy, said. “However, our job doesn’t end there. We hold ourselves accountable to create meaningful value that endures for all our stakeholders. As we look forward in 2022 and beyond, the future is on. There is unmatched resilience and capability among our team of approximately 12,500 employees to address the significant and unique opportunities ahead.”
Entergy operates one of the cleanest large-scale utility generation fleets in the nation, with more than 5,000 megawatts of carbon-free nuclear power. The company is expanding its renewable energy solutions with plans to add 11,000 megawatts of renewable capacity by the end of 2030, more than doubling its previous power supply plan estimate from just two years ago.
Further, the company is progressing toward its commitment to achieving net-zero carbon emissions by 2050. Its utility carbon emission rate has decreased approximately 39 percent since 2000, and officials anticipate that the firm will achieve its interim 2030 goal of a 50 percent reduction in utility emission rate years earlier than planned.
In addition, Entergy is building a diverse, inclusive workforce. Last year, it established a new Diversity and Workforce Strategies organization that aligned several teams to better execute its comprehensive diversity, inclusion, and belonging strategy. Also, the company is committed to using diverse companies for products and services, spending $1.3 billion with diverse firms last year.
Among other findings, the company has focused on creating value in its communities. Last year, company volunteers logged more than 100,000 hours of their time and delivered more than $128 million in value to Entergy’s communities through philanthropy, advocacy, and volunteerism.
Financially, the company has posted 6.5 percent annual earnings growth per year over the past five years. Entergy was the first U.S. electric utility to combine its annual shareholder report with its sustainability report in 2013.
