CHICAGO — Exelon (Nasdaq: EXC), the nation’s largest energy delivery company, has been named to Fortune magazine’s list of the World’s Most Admired Companies for the 15th consecutive year. Fortune ranks companies on criteria from investment value and quality of management and products to social responsibility and the ability to attract talent.
“As a purpose-driven company, we are leading the energy transformation to ensure the grid is resilient in the face of climate change, building the pipeline of future energy workers and leaders and ensuring the clean energy future is accessible to and affordable for all our customers,” said Calvin Butler, Exelon president and CEO. “Being selected for this distinction is a testament to our 19,000 team members who live our purpose of powering a cleaner and brighter future for our customers and communities every day.”
In this year’s ranking, Exelon scored highest in the categories of corporate social responsibility and quality of products and services. Here are just a few examples of our work in those areas:
Exelon continues to invest in the energy grid, resulting in record reliability for customers, and will invest $31.3 billion over the next five years to update and modernize the infrastructure, finding ways to incorporate distributed energy resources like solar into the grid while also investing in new technologies like microgrids, including the one in the ComEd Bronzeville Community of the Future. Exelon’s transportation electrification program is well underway, with infrastructure investments like EV charging stations to meet the growing need for electric vehicles.
Launched in 2021, Exelon’s $36 million Racial Equity Capital Fund (RECF) helps minority businesses obtain capital to fuel growth and spur job opportunities in communities often overlooked by investors and traditional funding sources. Exelon also has more than 65 unique workforce development programs across its six utilities, designed to bring economic equity, empowerment and employment opportunity to under-resourced communities.
Exelon’s $20 million, 10-year Climate Change Investment Initiative (2c2i) integrates the companies’ dual commitments to both community investments and the need to invest in new products and technologies. Now in its fourth year, 2c2i enables the company to fund startups developing innovative technologies and solutions to help mitigate the impact of climate change, benefiting the communities and customers served by the company, particularly those in underserved communities, which are disproportionately impacted by climate change.
In partnership with the Exelon Foundation, Exelon is helping bridge the color and gender gap in STEM fields with the STEM Academy, a free, week-long program for high school juniors and seniors, held in Chicago, Philadelphia and the Baltimore/D.C. area. The Green Lab Grants program provides $1 million in grants of up to $50,000 each for high schools and STEM-focused nonprofits to create and update educational spaces for STEM education. Both programs serve high school students from primarily under-resourced communities.
In addition to this honor, Exelon has been named to:
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