CHICAGO - Recognizing Exelon's leadership in corporate sustainability, the company has been named to the Dow Jones Sustainability North America Index for the sixth consecutive year. In addition, the Carbon Disclosure Project (CDP) ranked Exelon one of the top 10 utilities on the S&P 500 for its carbon emissions reporting.
"Exelon takes very seriously its responsibility to address and disclose the economic, environmental and social impacts of our business," said John W. Rowe, Exelon chairman and CEO. "It is gratifying to have our business practices recognized by respected, independent organizations like Dow Jones Indexes and the Carbon Disclosure Project. Exelon's efforts to operate sustainably and reduce its emissions through its Exelon 2020 strategy not only benefit the environment, but also create value by positioning Exelon for a clean energy future."
Exelon received an overall sustainability score of 72 percent on the 2011 Dow Jones Sustainability North America Index - exceeding the average company score of 58 percent. The Index recognizes the top 20 percent of companies in each sector, in terms of sustainability, from among the 600 largest North American companies. The annual review is based on an in-depth analysis of economic, environmental and social criteria, such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices.
Based on Exelon's reporting of its carbon emissions and its actions to reduce emissions, the company achieved a disclosure ranking that placed it among the top 10 utilities in the CDP's S&P 500 Report for 2011. CDP collects extensive information on emissions reporting and climate change performance from the largest U.S. companies to determine its rankings.
Central to Exelon's sustainability efforts is Exelon 2020, a business and environmental strategy to eliminate more than 15 million metric tons of CO2 equivalent per year by 2020. It includes projects such as investments in energy efficiency, retirement of inefficient fossil power plants, and the introduction of more clean energy resources into the marketplace.