NRG Releases 12th Annual Sustainability Report Highlighting Consistent Actions That Drive Stakeholder Value
June 21 2022 - 9:00AM
Business Wire
—Report shows a 64% revenue carbon intensity
decrease since 2019—
NRG Energy Inc. (NYSE: NRG), a leading energy and consumer
services company, released today its 12th annual Sustainability
Report, documenting the company’s progress in advancing its
sustainability ambitions while serving its nearly 6 million
customers with power, gas, and energy-related services.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220621005718/en/
Among a multitude of accolades in 2021, NRG was declared the
first and only North American power company whose climate goals are
1.5 degrees Celsius-aligned by the Science Based Targets initiative
(SBTi). NRG also landed the #14 spot on the inaugural Forbes Green
Growth 50 list, recognizing our success in reducing greenhouse gas
(GHG) emissions while increasing profits. Both distinctions
demonstrate that profitability and sustainability are not mutually
exclusive.
“I’m incredibly proud of our progress over the last year,” said
Jeanne-Mey Sun, Vice President of Sustainability. “While there’s
still a lot left to accomplish, with our talented team, unwavering
leadership support, and aligned visions I believe we have a great
platform for success.”
The full report can be found at
https://www.nrg.com/sustainabilityreport. Key highlights and
takeaways include:
Environmental
- 64% revenue carbon intensity decrease since 2019
- Issued $1.1 Bn sustainability-linked bond
- Climate goals validated in March 2021 as 1.5°C-aligned by
SBTi
- ~44% GHG emissions reduction since 2014, equivalent to roughly
27 million metric tons of CO2e or nearly 68 billion miles driven by
an average passenger vehicle1
- Cumulative 2.6 GW renewable power purchase agreements to
date2
Social
- $10 MM in donations, relief efforts, grants, and
employee-matched donations
- Best-ever safety record at 0.30 TCIR3
- 100,000+ pounds of food donated and 74,000+ meals packed during
positiveNRG Week dedicated to combatting food insecurity
- 100 percent employee completion of unconscious bias training
for the second year in a row
- Successful hybrid return-to-work program
Governance
- 64% Board of Director diversity, including 36% gender and 27%
ethnic diversity
- 91% Board of Director independence
- Recognized as a Champion of Board Diversity by The Forum of
Executive Women
- Published: 1st TCFD report, 5th report per SASB standards, and
12th CDP Climate questionnaire
The report follows the most widely accepted standards and
frameworks, including those of the Sustainability Accounting
Standards Board (SASB) and the Task Force on Climate-related
Financial Disclosures (TCFD), continuing NRG’s commitment to
transparent reporting practices.
About NRG
At NRG, we’re bringing the power of energy to people and
organizations by putting customers at the center of everything we
do. We generate electricity and provide energy solutions and
natural gas to millions of customers through our diverse portfolio
of retail brands. A Fortune 500 company, operating in the United
States and Canada, NRG delivers innovative solutions while
advocating for competitive energy markets and customer choice,
working towards a sustainable energy future. More information is
available at www.nrg.com. Connect with NRG on Facebook, LinkedIn
and follow us on Twitter @nrgenergy.
1 U.S. Environmental Protection Agency Greenhouse Gas
Equivalencies Calculator 2 As of 12/31/2021 3 Total Case Incident
Rate
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version on businesswire.com: https://www.businesswire.com/news/home/20220621005718/en/
Media: Laura Avant 713.537.5437
Investors: Kevin L. Cole, CFA 609.524.4526
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