US utility Dominion Energy has released its new Sustainability and Corporate Responsibility Report in which the company is committing to increase its focus on Environmental, Social, and Governance (ESG) transparency.
The report covers Dominion Energy’s initiatives across a range of areas, from safety and environmental management to diversity and employee benefits.
The report details the company’s response to the coronavirus pandemic and to the social unrest that followed the killing of George Floyd in Minneapolis in May 2020.
The report also covers topics including cybersecurity programmes, charitable activities, energy efficiency efforts, and extensive safety and employee development projects.
Key highlights of the report include:
Clean Energy Investments
- The utility has made and will increase investments in renewable energy, energy storage, and gas distribution line replacements
- Invested in becoming owner of the third-largest solar portfolio among investor-owned utilities
- Developed the largest offshore wind farm in the Americas (2.6GW)
- Will become a partner in the largest agricultural waste-to-energy initiative in the country.
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Protecting the Environment
- Committed to net-zero carbon and methane emissions by 2050
- Achieved a 57% reduction in carbon emissions since 2005
- Recorded a 25% reduction in methane emissions from natural gas infrastructure since 2010
- Significant waste reduction programmes, reusing or recycling nearly 46 tons of IT equipment in 2019, and diverting more than 34 tons of food waste from landfills
- Continued and expanded habitat and wildlife protection programmes.
Serving Customers & Communities
- Contributed $48.5 million to social betterment through energy assistance, as well as grants to nonprofits serving human needs, education, the arts, cultural institutions (including $2.5 million for the International African American Museum in Charleston, S.C.), and more
- Committed $35 million over the next six years in support of historically black colleges and universities, and scholarships for underrepresented minorities in post-secondary education
- Increased spending with diverse suppliers by more than 90% since 2013
- Donated 131,000 hours of volunteer time from employees in 2019.
Robert M. Blue, president and chief executive officer, said: “This report demonstrates that we are not just a leader in providing clean, reliable, and affordable energy to our customers.
“We are leading the way in environmental and social responsibility as well.”
Learn more about the report.