Working continuously on reducing its carbon footprint and delivering clean energy, the parent company of local utility Indiana Michigan Power Company has issued its annual Corporate Accountability Report, pledging more to come.
I&M parent, American Electric Power, has issued its 2020 Corporate Accountability Report, an annual assessment of its performance as a public company and a community partner. This is the 14th year of AEP’s report, which details developments in energy and technology, social responsibility, community investments and environmental stewardship.
The report’s theme, “Moving Forward Together for a Brighter Future,” reflects AEP’s goal of delivering clean, reliable and affordable energy, while also providing value to its customers, shareholders and the communities it serves. This year’s report also addresses the impact of the COVID-19 pandemic on the company, its employees, customers and communities and details AEP’s response to ensure the health and wellness of its workforce and the public, while maintaining critical customer services.
In the report’s introduction, Nicholas K. Akins, AEP chairman, President and CEO, says, “Energy is an essential service that is life-sustaining and crucial to our nation’s health and economic well-being. Our vision for a sustainable energy future is unwavering, and we believe it is more important than ever.”
The company continues to reduce its carbon footprint by retiring coal-fired generation units, investing in renewable energy and setting aggressive emissions reduction goals. AEP has cut its carbon dioxide emissions 65-percent from levels in the year 2000. The company also is conducting a scenario analysis of how climate-related risks and opportunities may play out under different circumstances. AEP expects to publish those findings by the end of 2020.
CEO Akins says, “At AEP, we never have been more certain of our responsibility to ensure a sustainable future for our customers, communities and employees. We will continue to take steps to reduce our carbon footprint, to empower customers and to value and develop our workforce.”
AEP also enhanced its environmental, social & governance (ESG) disclosure efforts by creating an ESG Data Center that houses relevant metrics. That effort reflects the company’s commitment to transparency by proactively sharing data and information about its sustainability goals, strategy and ESG performance.
You can view the 2020 Corporate Accountability Report and learn more about AEP’s sustainable development strategy by clicking the link below:
https://www.aepsustainability.com/
American Electric Power, based in Columbus, Ohio, has approximately 17,400 employees who operate and maintain the nation’s largest electricity transmission system and more than 221,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states.
