KANSAS CITY, Mo.–(BUSINESS WIRE)–Evergy (NYSE: EVRG) has released three reports, including its 2021 Sustainability Report, which provide details on the company’s achievements and progress on environmental, social and governance (ESG) initiatives ). Evergy’s continued transition to more sustainable energy sources, being a great place to work for its employees, and its commitment to the communities it serves are central to its ESG strategy.
“Since Evergy’s inception in 2018, we have improved our ESG practices and disclosures. Last year, we introduced our 2045 net zero carbon target, with an interim target of 70% reduction by 2030, building on our track record and trajectory of historical emissions reductions. said David Campbell, President and CEO of Evergy. “Beyond the environmental policy, we have also taken a comprehensive approach to reviewing and updating our social and governance policies and related disclosures, including a corporate policy on human rights, expanded for shareholders and a formalized water policy.
Updated reports provide stakeholders with valuable ESG insights into how Evergy provides safe, reliable, affordable and sustainable energy to its customers while employing a diverse workforce, being an ideal place to work for employees and supporting the communities it serves. Highlights include:
Environment: In 2021, Evergy reduced its emissions of carbon dioxide by 46%, and sulfur dioxide and nitrogen oxide by 98% and 88%, respectively, compared to 2005 baseline figures. first time, the company’s Scope 1, 2 and 3 emissions in 2021 have been verified by an independent third party.
Social: Over the past two years, Evergy has focused on programs to help customers by connecting them to resources and through these efforts has helped Evergy customers get $47 million in help paying bills through traditional utility assistance programs as well as COVID-19 relief resources. Evergy donated an additional $6.7 million to communities in the areas of environmental leadership and community vitality. Evergy also continued to improve the competitiveness of regional tariffs, with retail tariffs down approximately 4.2% over the 2017-2021 period, outpacing regional peers and well below the rate of inflation.
Governance: Evergy introduced proxy access rights for shareholders in 2020 and also recently amended its articles of association to allow one or more shareholders holding at least 15% of the ordinary shares to call extraordinary general meetings, provided that the conditions are met. Elements of executive compensation have also been linked to ESG performance.
“Our Board of Directors has tied executive compensation to the proper execution of the environmental and diversity, equity and inclusion aspects of our business,” said Heather Humphrey, Senior Vice President, General Counsel and Corporate Secretary. “We are proud of the progress we have made to further demonstrate our commitment to ESG best practices. We are focused on maintaining this momentum as we execute our plan and deliver lasting results in the years to come. »
Reports, including reports recently released or updated last week, available on Evergy’s Investor Relations site make ESG-related material easily accessible:
Evergy, Inc. (NYSE: EVRG), serves 1.6 million customers in Kansas and Missouri. Evergy’s mission is to empower a better future. Our goal remains to generate, transmit and deliver reliable, affordable and sustainable energy for the benefit of our stakeholders. Today, about half of Evergy’s electricity comes from carbon-free sources, creating more reliable power with less impact on the environment. We value innovation and adaptability to provide our customers with better ways to manage their energy use, create a safe, diverse and inclusive workplace for our employees, and add value to our investors. Based in Kansas City, our employees are active members of the communities we serve.
Cautions Regarding Certain Forward-Looking Information
Statements made in this document that are not based on historical facts are forward-looking, may involve risks and uncertainties, and are believed to be as of the date they are made. Forward-looking statements include, but are not limited to, statements relating to Evergy’s strategic plan, including, but not limited to, those related to earnings per share, dividend, operating and maintenance expenses and capital investment objectives; the outcome of legislative efforts and regulatory and judicial proceedings; future energy demand; future electricity prices; plans for existing and potential future production resources; the availability and cost of energy production and storage resources; target emission reductions; and other matters relating to expected financial performance or affecting future operations. Forward-looking statements are often accompanied by forward-looking words such as “anticipates”, “believes”, “expects”, “estimates”, “plans”, “should”, “could”, “may”, “seek”, “has ‘intent to’, ‘proposed’, ‘plans’, ‘planned’, ‘target’, ‘outlook’, ‘remain confident’, ‘goal’, ‘will’ or other words of similar meaning. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information.
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Evergy, Inc., Evergy Kansas Central, Inc., and Evergy Metro, Inc. (collectively, the Evergy Companies) present a number of risks, uncertainties and other factors that could cause actual results to differ from the forward-looking information. These risks, uncertainties and other factors include, but are not limited to: economic and weather conditions and any impact on sales, prices and costs; changes in business strategy or operations; the impact of federal, state and local political, legislative, judicial and regulatory actions or developments, including deregulation, re-regulation, securing and restructuring of the electric power industry; decisions by regulators regarding, among other things, customer pricing and prudent operating decisions such as capital expenditures and asset retirements; changes in applicable laws, regulations, rules, principles or practices, or their interpretations, governing tax, accounting and environmental matters, including air and water quality and waste management and disposal; the impact of climate change, including the increased frequency and severity of significant weather events and the extent to which counterparties are willing to do business with Evergy companies, finance operations or purchase energy from Evergy companies due to the fact that the Evergy companies mine coal. dismissed generation; prices and availability of electricity on wholesale markets; market perception of the energy industry and Evergy companies; the impact of the coronavirus (COVID-19) pandemic on, among other things, sales, results of operations, financial condition, liquidity and cash flow, as well as operational issues, such as problems supply chain management and the availability and ability of Evergy Employees and suppliers of the Companies to perform the functions necessary to operate the Evergy Companies; changes in the energy trading markets in which the Evergy Companies participate, including retroactive repricing of transactions by regional transmission organizations (RTOs) and independent system operators; financial market conditions and performance, including changes in interest rates and credit spreads and the availability and cost of capital and effects on derivatives and hedges, assets and trust costs nuclear decommissioning and pension schemes; impairments of long-lived assets or goodwill; credit ratings; inflation rate; the transition to a replacement of the London Interbank Offered Rate (LIBOR) benchmark interest rate; the effectiveness of risk management policies and procedures and the ability of counterparties to honor their contractual commitments; the impact of physical and cyber security breaches, criminal activity, terrorist attacks, acts of war and other disruptions on the Evergy Companies’ information technology facilities or infrastructure or on the facilities and the infrastructure of third-party service providers on which the Evergy Companies rely; ability to carry out marketing and sales plans; the cost, availability, quality and timeliness of equipment, supplies, labor and fuel; the ability to meet production targets and the occurrence and duration of planned and unplanned production outages; delays and cost increases in generation, transmission, distribution or other projects; the ability of the Evergy Companies to manage their transmission and distribution development plans and transmission joint ventures; the inherent risks associated with owning and operating a nuclear facility, including environmental, health, safety, regulatory and financial risks; labor risks, including those related to the Evergy Companies’ ability to attract and retain qualified personnel, maintain satisfactory relationships with their unions, and manage retirement costs or changes, health care and other benefits; disruptions, costs and uncertainties caused by or related to the actions of individuals or entities, such as shareholder activists or special interest groups, who seek to influence the strategic plan, financial results or operations of ‘Evergy; the possibility that strategic initiatives, including mergers, acquisitions and divestitures, and long-term financial plans, may not create the value they are intended to achieve in a timely manner or at all; difficulties in maintaining relationships with customers, employees, regulators or suppliers; and other risks and uncertainties.
This list of factors is not exhaustive as it is not possible to predict all factors. You should also carefully review the information contained in our other filings with the Securities and Exchange Commission (SEC). Additional risks and uncertainties are discussed in the Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed by the Evergy Companies with the SEC, and from time to time in the current reports on Form 8-K and quarterly reports on Form 10-Q filed by the Evergy Companies with the SEC. Each forward-looking statement speaks only as of the date of the particular statement. The Evergy Companies undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.