COLUMBUS, Ohio, Oct. 31,
2022 /PRNewswire/ -- American Electric Power (Nasdaq:
AEP) has been named one of the Best ESG Companies by
Investor's Business Daily. The list recognizes publicly
traded companies that combine high Dow Jones sustainability scores
with strong financial performance.
IBD evaluated 1,693 companies based on their Dow Jones Newswire
environmental, social and governance (ESG) sustainability scores
and selected the top 15%, then narrowed the list to 100 companies
with the highest IBD Composite Rating. The 100 companies then were
ranked by Dow Jones' ESG score.
"Our strategic vision for a cleaner, brighter energy future
focuses on advancing environmental, social and economic change,
while also maintaining a strong balance sheet and our reputation of
operational excellence," said Nicholas K.
Akins, AEP chair and chief executive officer. "We're pleased
to receive this recognition, which is a reflection of our continued
efforts to deliver value to our customers, communities and
shareholders."
AEP is recognized regularly for its commitment to corporate
responsibility and sustainability and has been named one of
America's Most Just Companies by JUST Capital and one of America's
Most Responsible Companies by Newsweek.
Learn more about AEP's ESG initiatives.
American Electric Power, based in Columbus, Ohio, is powering a cleaner,
brighter energy future for its customers and communities. AEP's
approximately 16,700 employees operate and maintain the nation's
largest electricity transmission system and more than 224,000 miles
of distribution lines to safely deliver reliable and affordable
power to 5.5 million regulated customers in 11 states. AEP also is
one of the nation's largest electricity producers with
approximately 31,000 megawatts of diverse generating capacity,
including more than 7,100 megawatts of renewable energy. The
company's plans include growing its renewable generation portfolio
to approximately 50% of total capacity by 2030. AEP is on track to
reach an 80% reduction in carbon dioxide emissions from 2005 levels
by 2030 and has committed to achieving net zero by 2045. AEP is
recognized consistently for its focus on sustainability, community
engagement, and diversity, equity and inclusion. AEP's family of
companies includes utilities AEP Ohio, AEP Texas, Appalachian Power
(in Virginia and West Virginia), AEP Appalachian Power (in
Tennessee), Indiana Michigan
Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power
Company (in Arkansas, Louisiana, east Texas and the Texas
Panhandle). AEP also owns AEP Energy, which provides
innovative competitive energy solutions nationwide. For more
information, visit aep.com.
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SOURCE American Electric Power