Duke Energy joins industry initiative to develop standardized environmental, social and governance reporting metrics
Duke Energy signed on to a pilot program led by the Edison Electric Institute (EEI) to develop standardized environmental, social and governance (ESG) reporting and sustainability metrics, the company announced on Monday.
Under the pilot program, a working group has consulted with institutional investors to develop a standard reporting template that presents ESG and sustainability metrics in a uniform and succinct format. Led by EEI, the working group has engaged Investors specializing in asset management, ESG/sustainability, investment banking, and buy-side and sell-side research.
“Duke Energy has a long-standing track record of providing comprehensive information about our ESG activities to investors, customers and other stakeholders,” Mike Callahan, vice president of investor relations at Duke Energy, said. “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’s efforts to provide cleaner, more sustainable energy to its customers has led to the company’s carbon dioxide emissions decreasing 29 percent, its sulfur dioxide emissions decreasing by 94 percent and its nitrogen oxide emissions decreasing by 70 percent since 2005.
The company’s long-term goal is to reduce its carbon dioxide emissions 40 percent from 2005 levels by 2030.
