Report highlights the company's clean energy
goals; diversity, equity and inclusion strategy; human rights
commitment; and ESG governance
ALLENTOWN, Pa., April 14,
2022 /PRNewswire/ -- PPL Corporation (NYSE: PPL)
published its annual Sustainability Report today, highlighting the
company's progress and approach on a wide range of environmental,
social and governance (ESG) initiatives, including its clean energy
goals; diversity, equity and inclusion strategy; human rights
commitment and ESG governance.
In addition to providing an overview of PPL's strategy and
governance approach to key issues, the report includes a
comprehensive record of PPL's 2021 performance in advancing a
transition to a cleaner energy future; supporting communities;
attracting and retaining a diverse, talented workforce; and
providing long-term value to customers and shareowners.
"The past year was transformational for PPL Corporation as we
took significant steps to strategically reposition our company for
the future, while making progress on our environmental, social and
governance strategy and performance," said Vincent Sorgi, president and chief executive
officer of PPL Corporation. "This report tracks our progress as we
pursue a long-term strategy that seeks to create value for all
stakeholders. PPL has set goals and commitments to address climate
change; make the grid more reliable and resilient; boost diversity,
equity and inclusion; and make a long-term, positive impact in the
communities we serve."
As highlighted in the report, PPL's 2021 ESG accomplishments
included:
- Clean Energy – We set a new goal to achieve net-zero carbon
emissions by 2050, with interim reduction targets of 70% by 2035
and 80% by 2040, and we are committing to not burn unabated coal by
2050. We have also added ESG metrics as a performance measurement
to long-term executive compensation.
- Innovation – We are deeply involved in industry efforts focused
on advancing research in several key technology areas, including
joining Energy Impact Partners' global investment platform, serving
as an anchor sponsor of the Low Carbon Resources Initiative and
launching an innovative partnership with the University of Kentucky's Center for Applied
Research to study the capture of carbon dioxide emissions at
natural gas combined cycle power plants.
- Diversity, Equity and Inclusion – We are dedicated to making a
long-lasting impact through enterprise-wide DEI commitments. In
2021, we increased ethnic and racial diversity in senior leadership
by 5% and women in senior leadership by 14%. We recently created a
chief diversity officer position to lead these efforts across the
company.
- Human Rights Commitment – We have published a Human Rights
Policy Statement to affirm our commitment to promote, protect and
support internationally recognized human rights principles.
- Governance – We have added corporate political contributions to
the oversight function of the board's Governance, Nominating and
Sustainability Committee (GNSC), the body responsible for
overseeing PPL's sustainability strategy and ESG practices and
positions. Our transparent disclosure has earned a trendsetter
ranking by the CPA-Zicklin Index, which benchmarks the political
disclosure and accountability policies and practices of leading
U.S. public companies.
PPL's 2021 sustainability report is available online at
www.pplsustainability.com.
PPL Corporation (NYSE:PPL), based in Allentown, Pennsylvania, is a leading U.S.
energy company focused on providing electricity and natural gas
safely, reliably and affordably to 2.5 million customers in the
U.S. PPL's high-performing, award-winning utilities are addressing
energy challenges head-on by building smarter, more resilient and
more dynamic power grids and advancing sustainable energy
solutions. For more information, visit www.pplweb.com.
Note to Editors: Visit our media website at www.pplnewsroom.com
for additional news and background about PPL Corporation.
Contact for news media: Lissette
Santana, 610-774-5997, losantana@pplweb.com
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SOURCE PPL Corporation