Report highlights the company’s thoroughly clean electricity goals variety, fairness and inclusion technique human rights motivation and ESG governance
ALLENTOWN, Pa., April 14, 2022 /PRNewswire/ — PPL Corporation (NYSE: PPL) released its annual Sustainability Report today, highlighting the firm’s development and tactic on a broad vary of environmental, social and governance (ESG) initiatives, which includes its clear strength ambitions diversity, equity and inclusion technique human legal rights motivation and ESG governance.
In addition to supplying an overview of PPL’s approach and governance strategy to key issues, the report involves a extensive record of PPL’s 2021 effectiveness in advancing a changeover to a cleaner vitality future supporting communities attracting and retaining a various, gifted workforce and delivering prolonged-expression worth to shoppers and shareowners.
“The earlier yr was transformational for PPL Corporation as we took major ways to strategically reposition our corporation for the foreseeable future, whilst creating development on our environmental, social and governance tactic and performance,” mentioned Vincent Sorgi, president and chief government officer of PPL Company. “This report tracks our development as we pursue a very long-expression approach that seeks to create value for all stakeholders. PPL has established targets and commitments to handle local climate change make the grid much more trusted and resilient increase diversity, equity and inclusion and make a lengthy-expression, beneficial effect in the communities we serve.”
As highlighted in the report, PPL’s 2021 ESG achievements bundled:
- Clean up Energy – We established a new target to achieve web-zero carbon emissions by 2050, with interim reduction targets of 70% by 2035 and 80% by 2040, and we are committing to not burn off unabated coal by 2050. We have also included ESG metrics as a performance measurement to prolonged-time period govt compensation.
- Innovation – We are deeply involved in industry efforts centered on advancing investigation in numerous essential technology locations, like joining Vitality Effects Partners’ global investment system, serving as an anchor sponsor of the Low Carbon Sources Initiative and launching an progressive partnership with the University of Kentucky’s Middle for Used Investigation to research the seize of carbon dioxide emissions at organic gasoline blended cycle energy crops.
- Diversity, Fairness and Inclusion – We are focused to earning a very long-long lasting impact through company-extensive DEI commitments. In 2021, we improved ethnic and racial variety in senior leadership by 5% and girls in senior management by 14%. We a short while ago produced a chief range officer position to guide these initiatives throughout the business.
- Human Legal rights Commitment – We have posted a Human Legal rights Coverage Assertion to affirm our motivation to encourage, safeguard and guidance internationally acknowledged human legal rights ideas.
- Governance – We have additional company political contributions to the oversight purpose of the board’s Governance, Nominating and Sustainability Committee (GNSC), the overall body responsible for overseeing PPL’s sustainability tactic and ESG methods and positions. Our clear disclosure has acquired a trendsetter rating by the CPA-Zicklin Index, which benchmarks the political disclosure and accountability insurance policies and methods of major U.S. public providers.
PPL’s 2021 sustainability report is accessible on line at www.pplsustainability.com.
PPL Corporation (NYSE:PPL), based mostly in Allentown, Pennsylvania, is a main U.S. power organization concentrated on providing electrical energy and normal gasoline safely and securely, reliably and affordably to 2.5 million shoppers in the U.S. PPL’s higher-doing, award-successful utilities are addressing electricity worries head-on by building smarter, much more resilient and extra dynamic power grids and advancing sustainable electricity options. For extra data, pay a visit to www.pplweb.com.
Note to Editors: Visit our media internet site at www.pplnewsroom.com for further information and track record about PPL Corporation.
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Source PPL Company
