Statement of AEP’s Board of Directors
The AEP Board of Directors has assigned responsibility for overseeing the company’s sustainability initiatives to the Board’s Committee on Directors and Corporate Governance. This report marks the 12th year that AEP has provided a comprehensive account of its performance, integrating financial with sustainability reporting. The Committee fully supports this approach. Stakeholders have expressed approval and appreciation for AEP’s leadership with this integrated approach to corporate reporting.
Throughout the year, the Committee and company management reviewed the company’s sustainability objectives, challenges, targets and progress. The Committee reviewed and discussed the final text of this report before its adoption of a formal resolution approving the report.
The 2018 Corporate Accountability Report reflects robust disclosure about AEP’s 2017 performance as well as the company’s strategic plan. This report outlines AEP’s transition to a clean energy future, including new carbon dioxide emissions reduction goals; how the company is becoming more agile to drive innovation; advancing technologies for the maximum benefit of our customers and for grid optimization; and the efforts to prepare our workforce for the future.
The AEP Board of Directors receives frequent reports from management about the company’s sustainability initiatives and financial reporting, policy matters, and economic performance. These issues are the subject of active discussion at Board meetings and Board committee meetings.
The Committee believes this document is a reasonable and clear presentation of the company’s plans and of its environmental, social and financial performance. The Board has emphasized that management will continue to be evaluated by its success in executing the company’s strategic plan to meet stakeholders’ and the Board’s expectations, including being agile in responding to changing circumstances while respecting the commitments in this report.
Thomas E. Hoaglin
Lead Director of the AEP Board of Directors