CHICAGO (June 11, 2014) - Exelon was recognized for its corporate sustainability and environmental performance by ranking second among utilities and No. 61 overall among the 500 largest publicly traded U.S. companies in the 2014 Newsweek Green Rankings. Exelon also ranked No. 116 among the 500 largest publicly traded companies worldwide.
"We are committed to operating our businesses in ways that reduce our impact on the environment and connect our customers to cleaner, more sustainable energy resources," said Chris Gould, senior vice president and chief sustainability officer of Exelon. "These accolades from the Newsweek Green Rankings validate Exelon's continuing emphasis on corporate sustainability."
Newsweek's Green Rankings evaluate the world's largest companies by market capitalization and rate them based on a variety of corporate sustainability and environmental impact factors, such as energy, carbon, water and waste productivity; company reputation; and board-level oversight. They are the result of comprehensive analysis by Newsweek, Corporate Knights Capital and an advisory board of representatives of nongovernmental, academic and accounting organizations.
One of the nation's leading clean energy providers, Exelon has a longstanding commitment to environmental sustainability and stewardship. The company reduced energy consumption in its commercial buildings by 30 percent and its industrial facilities by 13 percent as of the end of 2012. In 2013, Exelon-operated facilities utilized approximately 34.2 billion gallons of water per day, returning more than 99.3 percent of it directly to the source. In addition, Exelon achieved a companywide recycling rate of nearly 51 percent in 2013.
Earlier this year, Exelon announced that it had achieved its ambitious goal for eliminating greenhouse gas (GHG) emissions seven years ahead of schedule. Under the Exelon 2020 program established in 2008, the company had set a goal of reducing or avoiding 17.5 million metric tons of GHG emissions per year by 2020. Exelon surpassed the goal in 2013 by eliminating more than 18 million metric tons of GHG emissions - equivalent to the annual emissions of 3.8 million passenger vehicles.
In 2013, Exelon was named to the Dow Jones Sustainability North America Index for an eighth consecutive year in recognition of its consistently strong sustainability performance. That same year, the company was the only U.S.-based utility to appear on CDP's Global 500 Climate Disclosure Leadership Index and Climate Performance Leadership Index for reducing carbon emissions and addressing climate change.
Learn more about Exelon's environmental strategy and performance on its website.