ESG Report: Edison International Reaches Nearly 50% of Its 2045 Carbon-Free Energy Goal, Increases Workforce Diversity & Help...
June 08 2020 - 7:05AM
Business Wire
Company’s response to COVID-19 provides relief to affected
households while wildfire prevention work continues
Edison International published its 2019 Sustainability Report on
the company’s achievements toward a sweeping set of measurable
goals related to clean energy, transportation electrification,
diversity and inclusion, and safety, while emphasizing its
commitment to providing customers safe, reliable, affordable and
clean electricity during the COVID-19 pandemic. The company
maintains its dedication to safety for communities, customers and
employees, including carrying out its plan to reduce wildfire risk.
The company’s utility subsidiary is proposing to invest more than
$5 billion each year in the power grid, working to build resiliency
against threats such as wildfires.
“Sustainability is central to our vision for leading the
transformation of the electric power industry, and we’re committed
to doing our part to respond to the global challenge of climate
change,” said Pedro J. Pizarro, president and CEO of Edison
International. “While our initial response to COVID-19 has been
comprehensive, our long-term sustainability goals underpin the
company’s efforts toward a clean energy future and a just and
equitable economic recovery. As always, we are committed to safety
and to making it our top priority.”
Edison International’s largest subsidiary, Southern California
Edison (SCE), has cut the emissions from delivered electricity
nearly in half since 2005, providing an estimated 48% carbon-free
electricity to customers in 2019. It also launched Charge Ready
Transport, the largest truck and transit charging initiative in the
nation, and added infrastructure to support more than 200 new
light-duty vehicle charge ports. SCE won the U.S. Department of
Energy’s first Electricity Industry Technology and Practices
Innovation Challenge Tier One Gold Prize for grid innovation. In
May 2020, SCE announced one of the largest energy storage
procurements in the nation.
In 2019, the company’s Edison Energy subsidiary facilitated the
largest clean energy procurement in automotive history on behalf of
American Honda Motor Company, Inc. The deal, which included two
long-term virtual power purchase agreements totaling 320 megawatts
of renewable power capacity, will cover more than 60% of the
electricity that Honda uses in North America. Edison Energy also
helped its customers – including 12 of the Fortune 50 – source,
evaluate and execute renewable energy power purchase agreements
totaling 1.85 gigawatts in 2019 alone.
Edison International continued to advance its long-term climate
change objectives. In November 2019, SCE released Pathway 2045, its
blueprint for how California can affordably combat climate change.
In December, Pizarro participated in the 2019 United Nations
Climate Change Conference (COP25) as a business delegate to share
the Pathway blueprint and also signed the Joint Labor Union and CEO
Statement on the Paris Agreement.
Meanwhile, SCE’s near-term climate adaptation focus is on
reducing wildfire risk. SCE successfully executed its 2019 Wildfire
Mitigation Plan and continues to take aggressive action, going well
beyond standard industry practices to safeguard public safety, to
implement its 2020-22 Wildfire Mitigation Plan.
“Overall, Edison International is deepening our commitment to
sustainability as we begin tracking our progress toward long-term,
measurable goals,” explained Drew Murphy, Edison International
senior vice president of Strategy and Corporate Development. “Among
other things, these goals include delivering 100% carbon-free power
to customers by 2045 in accordance with California law, expanding
infrastructure to support electric vehicles throughout SCE’s
service area and electrifying SCE’s fleet, including all of its
light-duty vehicles, by 2030.”
“Importantly, we’ve also begun mapping our contributions to the
U.N. Sustainable Development Goals and affirmed our commitment to
all our stakeholders as a signatory to the Business Roundtable
Statement on the Purpose of a Corporation,” Murphy added. “Powering
our work every day is a talented Edison team. Among our commitments
is fostering a diverse and inclusive workplace that’s grounded in
safety.”
Since 2016, Edison International has made steady progress. The
company has:
- Increased the percentage of women in senior operating roles
from 27% to 35%, with a goal of gender parity by 2030.
- Increased the diversity of its board, with seven of the 11
board directors being diverse in terms of gender, race, ethnicity
and LGBTQ identification, including four women.
“Beyond capturing the important advantages a diverse workforce
offers, we are making sure our culture is inclusive and is one in
which our employees choose safety for themselves, their loved ones
and their colleagues every day. Safety is always our top priority,”
Pizarro concluded.
Visit the 2019 Sustainability Report.
About Edison International
Edison International (NYSE: EIX) is one of the nation’s largest
electric utility holding companies, providing clean and reliable
energy and energy services through its independent companies.
Headquartered in Rosemead, California, Edison International is the
parent company of Southern California Edison Company, a utility
that delivers electricity to 15 million people across Southern,
Central, and Coastal California. Edison International is also the
parent company of Edison Energy, a global energy advisory company
delivering comprehensive, data-driven energy solutions to
commercial and industrial users to meet their cost, sustainability,
and risk goals.
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Jeff Monford jeffrey.t.monford@edisonintl.com 718-809-3405
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