Edison International's Sustainability Report Highlights Progress Toward Clean Energy, Diversity, and Inclusion Goals

Strategic Insights -

Edison International's Sustainability Report for 2020 details the company's progress toward meeting long-term sustainability goals, including reducing greenhouse gas emissions and promoting diversity, equity, and inclusion. Despite pandemic-related challenges, the company continued its clean energy strategy, with a focus on affordable costs for customers. The report highlights various initiatives, including the Sustainable Financing Framework, which outlines the company's commitment to sustainability and its intention to align capital-raising activities with sustainability principles. The framework is aligned with the International Capital Market Association's Green Bond Principles 2018 and Social Bond Principles 2020.

Key Takeaways:

  • Edison International published its Sustainability Report for 2020, detailing progress toward meeting long-term sustainability goals.
  • The company continued its clean energy strategy, procuring 1,360 megawatts of energy storage and installing 1,442 new vehicle charging ports through its Charge Ready program.
  • Southern California Edison aims to deliver 100% carbon-free power in terms of retail sales by 2045.
  • The company's Sustainable Financing Framework aligns with the International Capital Market Association's Green Bond Principles 2018 and Social Bond Principles 2020.
  • Edison Energy advised clients on 2.2 gigawatts of renewable energy agreements in 2020.
  • The company prioritizes diversity, equity, and inclusion, reflecting the rich diversity of the areas it serves.
  • Edison International remains committed to its clean energy strategy, adapting its business to the changing climate and its impacts.

Statistics:

  • 1,360 megawatts of energy storage procured by Southern California Edison in 2020.
  • 1,442 new vehicle charging ports installed through the Charge Ready program in 2020.
  • 2.2 gigawatts of renewable energy agreements advised by Edison Energy in 2020.
  • 2045 timeline for Southern California Edison to deliver 100% carbon-free power in retail sales.
  • 15 of the Fortune 50 companies partnered with Edison Energy to navigate and manage energy challenges.

Sources:

  • https://www.businesswire.com/news/home/20210602006051/en/