Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

Here is how Duke Energy reinforces leadership in sustainability



09/27/2022

The large majority of Duke Energy’s issuances are aimed towards expanded opportunities for diverse suppliers.


In an industry first Duke Energy has successfully published the utility industry's first sustainable trade newspaper, in a move that further reinforces the company's leadership in sustainability.

Duke Energy intends to pay or distribute an amount equal to the net proceeds of the common commercial paper to fund various company opportunity costs and programs. These include vendors certified by third-party organizations or government agencies as minority, women, veterans, service-disabled veterans, LGBT, persons with disabilities, or HUBZones (Historically Underutilized Business Zones).

 “We’re leading the industry’s largest clean energy transformation and are focused on achieving this transition in a way that also supports our communities and society at large,” said Steve Young, Duke Energy’s executive vice president and chief financial officer.

“This includes maintaining a diverse and inclusive workforce, investing in diverse suppliers and small businesses, bringing jobs and investments into the communities we serve, and ensuring the transition to cleaner energy happens in a way that is equitable for everyone involved.”

The majority of the issue of perpetual commercial securities is allocated or allocated to eligible projects in the category of socio-economic development and empowerment of the company's perpetual financial system. Some examples are purchasing products and services from other suppliers. educational support related to skills, infrastructure and professional development for ethnic minorities; Resources for identifying and funding companies with diverse founders, such as mentorship programs and access to professional services and networks.

Duke Energy expects to hold between $350 million and $650 million in common stock over the next 12 months.

Duke Energy's Sustainable Financing Framework identifies areas of investment that align with the company's clean energy strategy, enabling additional issuance of green and sustainable bonds, loans or other financing. Leader in sustainability

Duke Energy is working with stakeholders across all service industries to lead the largest and most ambitious clean energy transition in North America.

The company has set a goal of reducing carbon emissions from power generation by at least 50% by 2030, reducing net methane emissions from natural gas distribution operations to zero and achieving net zero emissions from power generation.

By 2050. The net zero target for 2050 also includes Zone 2 and some Zone 3 emissions.