RICHMOND, Va., Oct. 10, 2019 /PRNewswire/ -- Dominion Energy
today released its annual Sustainability & Corporate
Responsibility report, which reviews the company's progress on
environmental and social responsibility and operational initiatives
in 2018 and establishes new commitments for 2019 and beyond.
"The people of Dominion Energy are leading the country's
transition to clean energy," said Dominion Energy chairman,
president and chief executive officer Thomas F. Farrell, II. "We are transforming
everything we do to build a more sustainable future for our
customers, the planet and our company. As we look to the future,
one important priority will be addressing Gov. Northam's executive
order on clean energy. That will be a major focus of next year's
report."
The Sustainability & Corporate Responsibility Report
outlines Dominion Energy's performance in areas of interest to
stakeholders, from cybersecurity and nuclear safety to
environmental justice.
The report describes climate change as "one of the most
challenging issues of our time" and discusses how the company is
addressing it by deploying thousands of megawatts of solar and wind
power, pursuing industrial-scale energy storage and sharply cutting
carbon and methane emissions. Such efforts are part of a broader
company strategy to lower greenhouse-gas emissions across the 18
states where Dominion Energy does business.
"We intend to be one of the most sustainable companies in
the United States," Farrell said.
"If anyone harbors any doubts on that score, this report should put
such doubts to rest."
The report explores the many ways the company contributes to the
common good in the following key areas:
Clean Energy
- Dominion Energy has built the fourth-largest solar portfolio
among utility holding companies.
- The company is developing the largest offshore wind farm in
the United States.
- It has joined with Smithfield Foods in the largest renewable
natural gas program in history.
- It is extending the life of its Virginia nuclear power plants to guarantee
carbon-free energy 24/7.
Environment
- Dominion Energy has cut carbon-dioxide emissions 52 percent
since 2005 and prevented more than 250,000 metric tons of methane
from entering the atmosphere in the past decade — the equivalent of
planting more than 103 million trees.
- The company has committed to reduce carbon emissions from its
power stations 55 percent by 2030 and 80 percent by 2050, and to
cut methane emissions in half by 2030.
- The company also is using less water, composting organic waste,
applying zero-landfill policies and finding innovative ways to
protect wildlife and wildlife habitat.
Serving Customers and Communities
- 2018 marked the company's safest year ever, beating the record
set in 2017.
- Dominion Energy contributed nearly $35
million to social betterment in 2018, and employees
volunteered more than 126,000 hours to community service
projects.
- The company's gas and electric rates for both residential and
industrial customers rank among the most competitive in the
country.
Employee Experience
- The company is modernizing workspaces to enhance employee
satisfaction and meet LEED sustainable design standards.
- It was recognized by Forbes Magazine as one of the best places
to work for women.
- It raised its diverse hiring rate from 27 percent to 42 percent
from 2013 to 2018.
- One in five new hires is a veteran.
- It increased the reimbursement for continuing education from
$5,250 to $7,500.
"This report shows how deeply committed Dominion Energy is to
the welfare of our customers, the environment, our employees and
the communities where we work," said Carter
Reid, Dominion Energy Executive Vice President. "We take
that commitment seriously, and our performance shows it. Actions
speak louder."
Dominion Energy is leading the nation in environmental and
social responsibility through initiatives ranging from electric
school buses to coal-ash removal and recycling, as well as through
its superior track record of improved safety, low rates, veteran
hiring and more. Its latest Sustainability & Corporate
Responsibility Report — the most comprehensive to date — delivers
on the company's dedication to openness and transparency by
including sections on corporate governance and stakeholder
engagement; social and workforce metrics; and indices that map to
standards from the Global Reporting Initiative and the
Sustainability Accounting Standards Board, as well as the United
Nations' Sustainable Development Goals.
To learn more, you can view the full report online at
sustainability.dominionenergy.com.
About Dominion Energy
Nearly 7.5 million customers in
18 states energize their homes and businesses with electricity or
natural gas from Dominion Energy (NYSE: D), headquartered in
Richmond, Va. The company is
committed to sustainable, reliable, affordable and safe energy and
is one of the nation's largest producers and transporters of energy
with more than $100 billion of assets
providing electric generation, transmission and distribution, as
well as natural gas storage, transmission, distribution and
import/export services. The company expects to cut generating fleet
carbon dioxide emissions 55 percent by 2030 and reduce methane
emissions from its gas assets 50 percent by 2030. Please visit
DominionEnergy.com to learn more.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/dominion-energy-is-leading-the-transition-to-clean-energy-ceo-says-in-new-report-300936581.html
SOURCE Dominion Energy