In 2016, we chartered a strategic initiative to develop AEP’s next-generation sustainability goals. The objective was to measure how we create shared value – for AEP and our stakeholders – through our investments in sustainable development of clean energy infrastructure. These sustainability goals reflect our commitment to the environment; efficient use of energy; safety, health and well-being of our workforce and the public; supplier diversity; community building; the customer experience; and economic development. The goals are aligned with our corporate strategy and business initiatives, so that we will create shared value for AEP and our communities. Our progress will be reported on annually. In addition, we are mapping our sustainability goals to the United Nations Sustainable Development Goals.
The power grid of the future will be cleaner, smarter, digitized, more efficient and fully integrated. The efficient use of energy, our investments in modern, responsive infrastructure, advanced technology innovation and customer adoption, and the diversification of resources will enable AEP’s transition to a cleaner energy future, while protecting the reliability and resilience of the system and reducing our environmental impacts.
Reduce carbon dioxide emissions from AEP generating units by 60 percent from 2000 levels by 2030; reduce carbon dioxide emissions from AEP generating units by 80 percent from 2000 levels by 2050.
By 2030, grow regulated renewables on the AEP system by approximately 8,000 MW (per integrated resource plans and pending regulatory approval), and continue expansion of competitive, contracted renewables.
Continued investments in grid modernization to ensure reliability, resilience and security of the power system to meet our customers’ needs and future energy requirements.
Use new and innovative business models (regulated and competitive businesses) and create energy solutions and services that improve how we manage the grid’s total value stream and deliver an exceptional customer experience.
At AEP, we consider the safety, health and well-being of our employees, contractors and the public to be a core value, which means doing the right thing every time. As corporate citizens, we have an obligation to address social issues to enhance the quality of life in the communities that we serve, and beyond. We envision a culture where diversity is the norm and employees, customers, supplies and stakeholders of all identities are valued, respected and engaged.
Achieve Zero Harm – everyone goes home in the same or better condition than when they came to work – through forward-looking safety initiatives that assess both leading and lagging indicators for risks and opportunities.
Increase public awareness about how to stay safe around AEP energy systems and facilities, and build strong and effective partnerships to help protect the public.
The engagement of AEP employees in company-led or –supported volunteer activities helps to enhance quality of life, advance and expand access to education opportunities, and create shared social and economic benefits for our customers and communities.
Quantify the impact of AEP philanthropic giving to address STEM education and hunger and housing.
Build a diverse, high-performing workforce that reflects the communities we serve. Eliminate barriers that prevent employees from maximizing opportunities and potential.
Cultivate a collaborative and inclusive work environment that empowers employees and provides opportunities for advancement.
By 2023, the level of spend with diverse suppliers achieves 10 percent, providing competitive access to a pool of diverse, strategic suppliers and business partners that mirror the communities we serve.
AEP is committed to supporting economic development and making smart infrastructure investments that power our communities and improve lives by attracting high-quality jobs, encouraging capital investment, and stimulating local economies. We incorporate customer perceptions, behaviors and values into the design of our energy solutions and services to ensure the best experience for our residential, commercial and industrial customers.
Through technology-enabled innovation and process improvements, we make it easier and more cost-effective for customers to interact with us and give them access to personalized energy solutions and services to help them better manage their energy use.
We strive to improve the communities we serve by helping to create employment opportunities that enhance the quality of life in and sustainability of our communities.
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