AEP Sustainability - ESG Reports

ESG Strategy & Performance Report

At AEP, we understand the importance of providing clear, accurate and consistent data and information in a timely manner. We have been reporting on our environmental, social and governance (ESG) performance for 15 years through AEP’s Corporate Accountability Report (CAR), which serves as the foundation for our sustainability disclosure. The 2021 ESG Strategy & Performance Report serves as a supplemental report to the CAR, demonstrating our commitment to reporting on our progress towards a responsible and sustainable energy future.

This report includes AEP’s ESG strategy, governance structure, stakeholder engagement efforts, materiality assessment and ESG awards and recognition. In addition, it comprises of our ESG Data Center, which includes a three-year trend on 250+ of the most requested ESG metrics; our Sustainability Accounting Standards Board (SASB) report; GRI Report; and access to our Climate Impact Analysis Report – a TCFD report.

2021 ESG Strategy & Performance Report

Sustainability Accounting Standards Board (SASB)

This year marks AEP’s second year mapping our disclosure to the SASB Standards for Electric Utilities & Power Generators. Our response reflects year-end 2020 performance. Our SASB report is mapped to our comprehensive 2021 Corporate Accountability Report and ESG Data Center – which serves as our foundation for all sustainability and ESG-related reporting.

AEP's 2021 SASB Report

Task Force on Climate-related Financial Disclosure (TCFD)

AEP's Climate Impact Analysis Report is aligned with the Task Force for Climate-related Financial Disclosure (TCFD) framework, including the scenario modeling and analysis. This provides a comprehensive view of our business and the potential risks and opportunities created by climate change, as well as strategies for managing them.

Customer Emissions Report

American Electric Power is excited to announce the launch of the Edison Electric Institute’s (EEI) Electric Company Carbon Emissions and Electricity Mix Reporting Template for Customers. This template was created in collaboration between EEI member electric utility companies, corporate customers, World Resource Institute and EEI. The purpose of this effort is to provide customers with consistent, timely and relevant data that customer can then use for their reporting efforts or strategy development. EEI’s template provides the following quantitative and qualitative information for 2018 and 2019 year data:

  • Electricity delivered by operating company (MWh)
  • Carbon Emissions Intensity Rates (lbs CO2/MWh)
    • Utility Average
    • Utility Specific Residual Mix
  • Resource Mix (%)
  • Third-party certification/verification.
  • Qualitative narrative describing reported carbon emissions, resource mix, and clean energy goals.
  • Notes section for electric companies to disclose whether and how RECs are accounted for in the emission intensity rates.

Customers can access the template here, which also includes instructions and details about the template.

AEP participates in an EEI-led ESG/Sustainability Committee, composed of electric utilities and financial industry specialists. The effort encourages voluntary reporting of ESG/sustainability information in both quantitative and qualitative formats; it was the first industry-focused and investor-driven ESG reporting framework. AEP is a founding member of this group and issues this report every year.

AEP’s 2021 Corporate Accountability Report has been prepared in accordance with the GRI Standards Core Option and reflects data for the 2020 performance year. All Standards below are based on the most recent set of GRI Standards published. AEP discloses additional information through the GRI Electric Utility Sector Supplement, providing industry-specific information.

The GRI Standards are a voluntary reporting framework used by organizations around the world as a basis for sustainability reporting. AEP uses the GRI Framework as a supplement to our Corporate Accountability Report (CAR), providing additional detail on data and programs that are relevant to stakeholders but not necessarily covered in the CAR. For this reason, many of the GRI Standard are linked to sections of the CAR as a response along with other annual financial company-wide disclosure documents. Links to other AEP websites and company documents are also used to support our responses. For those Standards not supported by the CAR or other company websites and document, the detail is contained within the appendix section of this report.

AEP’s commitment to transparency includes responding annually to CDP (formerly the Carbon Disclosure Project) surveys on carbon, water and supply chain. We have been reporting to CDP for almost a decade on the carbon survey and have participated in the water survey since it began. These surveys are important to our stakeholders, particularly investors.