COLUMBUS, Ohio, Jan. 31,
2023 /PRNewswire/ -- American Electric Power (Nasdaq:
AEP) was listed in the 2023 Bloomberg Gender-Equality
Index (GEI), which highlights companies dedicated to
disclosing their efforts to support gender equality through their
business strategy and transparency. This is the fifth consecutive
year AEP has been included in the index.
The GEI is a modified market capitalization-weighted index that
tracks the performance of public companies committed to
transparency in gender data reporting. Scoring is based upon
five metrics: female leadership and talent pipeline; equal pay and
gender pay equity; inclusive culture; anti-sexual harassment
policies; and pro-women brand. AEP was included for scoring at or
above a global threshold established by Bloomberg to reflect a high
level of disclosure and overall performance across the framework's
five pillars. The index includes 484 companies from 54 industries
headquartered across 45 countries and regions.
"A key part of AEP's business strategy is building an engaged
workforce and a positive, welcoming culture where all our
colleagues feel like they're part of the team," said Julie Sloat, AEP president and chief executive
officer. "Our inclusion in the GEI for five years in a row reflects
our ongoing work to advance gender equity both at AEP and in the
communities we serve. As we transform our workforce, we'll continue
to explore best practices to attract top talent and ensure women at
our company can excel."
Learn more about AEP's diversity, equity and inclusion
strategy.
American Electric Power, based in Columbus, Ohio, is powering a cleaner,
brighter energy future for its customers and communities. AEP's
approximately 17,000 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 6,900 megawatts of renewable energy. The
company's plans include growing its renewable generation portfolio
to approximately 50% of total capacity by 2032. 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