CHICAGO (Oct. 5, 2009) - In recognition of Exelon's leadership in corporate sustainability and environmentally sound business practices, the company was named to the Dow Jones Sustainability North America Index (DJSI North America) for the fourth consecutive year. Exelon achieved an overall sustainability performance score of 74 percent, compared to the average score of 56 percent for the electric utility sector. This is an increase from Exelon's score of 71 percent in 2008.
"We are honored to again be recognized for our sustainability efforts among the world's leading companies," said Exelon Chairman and CEO John W. Rowe. "While Exelon already has one of the least carbon-intensive generation portfolios in the industry, we are not satisfied. We will continue our commitment to addressing climate change through initiatives like Exelon 2020 and by advocating for a national energy policy that puts a price on carbon emissions."
The cornerstone of Exelon's business strategy, Exelon 2020 is a plan to reduce, offset or displace more than 15 million metric tons of greenhouse gas (GHG) emissions per year by 2020. This amount is greater than the company's 2001 carbon footprint and equivalent to taking nearly 3 million cars off the road. In July, Exelon marked the successful first year of Exelon 2020 by reporting that the company had already reduced more than one-third, or 6 million metric tons, of its GHG emissions.
"Exelon's continuous efforts in sustainability were translated this year by a higher performance and an inclusion in the DJSI North America," said Jean-Francois Meymandi, equity analyst for SAM, the sustainability investment firm that conducted the analysis for DJSI. "The company showed specific good performance in risk and crisis management, climate strategy and corporate citizenship."
DJSI North America recognizes the leading 20 percent of the 600 largest North American companies, in terms of sustainability performance. Companies are selected according to a systematic corporate sustainability assessment that identifies the leading sustainability-driven companies in each of 57 industry groups. The annual review is based on a thorough analysis of corporate economic, environmental and social performance, assessing such issues as corporate governance, risk management, climate change strategy, corporate citizenship, supply chain and labor practices.