Evergy publishes three key stakeholder reports:
- 2021 Sustainability Report
- EEI ESG / Sustainability Template – Quantitative
Information
- 2021 Sustainability Accounting Standards Board (SASB)
Report
Evergy (NYSE: EVRG) published three reports, including its 2021
Sustainability Report, that provide details on the company’s
achievements and progress toward environmental, social and
governance (ESG) initiatives. Evergy’s continued transition to more
sustainable energy sources, being a great place to work for its
employees, and commitment to the communities it serves are central
to its ESG strategy.
“Since forming Evergy in 2018, we've enhanced our ESG practices
and disclosures. Last year, we introduced our 2045 net-zero carbon
target, with an interim goal of 70 percent reduction by 2030,
building on our track record and trajectory of historical emissions
reductions.” said David Campbell, Evergy’s president and chief
executive officer. “Beyond environmental policy, we've also taken a
comprehensive approach to reviewing and updating our social and
governance policies and related disclosures including a corporate
human rights policy, expanded shareholder rights and a formalized
water policy.”
The updated reports provide stakeholders with valuable ESG
information on how Evergy is providing safe, reliable, affordable
and sustainable energy to customers while employing a diverse
workforce, being a great place to work for employees and supporting
the communities it serves. Highlights include:
- Environmental: In 2021, Evergy has reduced its carbon dioxide
emissions of 46 percent, and sulfur dioxide and nitrogen oxide by
98 percent and 88 percent, respectively, compared with 2005
baseline numbers. For the first time, the company’s 2021 scope 1, 2
and 3 emissions received independent third-party verification.
- Social: Over the past two years, Evergy has focused on programs
to assist customers by linking them to resources and through these
efforts has helped Evergy customers secure $47 million in bill
payment assistance from traditional utility assistance programs as
well as COVID-19 relief resources. Evergy donated an additional
$6.7 million to communities in the areas of environmental
leadership and community vitality. Evergy also continued
improvement in regional rate competitiveness, with retail rates
down approximately 4.2 percent over the 2017-2021 period, outpacing
regional peers and well below the rate of inflation.
- Governance: Evergy introduced proxy access rights for
shareholders in 2020, and also recently amended its bylaws to allow
one or more shareholders owning at least 15 percent of common stock
to call special shareholder meetings, provided requirements are
met. Elements of executive compensation also have been tied to ESG
performance.
“Our Board of Directors has linked executive compensation to the
successful execution of both environmental and diversity, equity,
and inclusion aspects of our business,” said Heather Humphrey,
senior vice president, general counsel, and corporate secretary.
“We're proud of the advancements we've made to further demonstrate
our commitment to leading ESG practices. We are focused on
maintaining this momentum as we execute our plan and deliver
sustainable results in the years ahead.”
Reports, including the reports newly published or updated last
week, available on Evergy’s investor relations site make ESG
related material easily accessible:
- Investor Website: investors.evergy.com
- 2021 Sustainability Report:
investors.evergy.com/sustainabilityreport
- Evergy ESG Metrics: investors.evergy.com/ESGMetrics
- Evergy TCFD Report: investors.evergy.com/TCFD
- Evergy SASB Report: investors.evergy.com/SASB
- IRP Overview: investors.evergy.com/IRP2021
- CDP Survey Evergy 2021 CDP Climate:
investors.evergy.com/CDP2021
About Evergy
Evergy, Inc. (NYSE: EVRG), serves 1.6 million customers in
Kansas and Missouri. Evergy’s mission is to empower a better
future. Our focus remains on producing, transmitting and delivering
reliable, affordable, and sustainable energy for the benefit of our
stakeholders. Today, about half of Evergy’s power comes from
carbon-free sources, creating more reliable energy with less impact
to the environment. We value innovation and adaptability to give
our customers better ways to manage their energy use, to create a
safe, diverse and inclusive workplace for our employees, and to add
value for our investors. Headquartered in Kansas City, our
employees are active members of the communities we serve.
Cautionary Statements Regarding Certain
Forward-Looking Information
Statements made in this document that are not based on
historical facts are forward-looking, may involve risks and
uncertainties, and are intended to be as of the date when made.
Forward-looking statements include, but are not limited to,
statements relating to Evergy's strategic plan, including, without
limitation, those related to earnings per share, dividend,
operating and maintenance expense and capital investment goals; the
outcome of legislative efforts and regulatory and legal
proceedings; future energy demand; future power prices; plans with
respect to existing and potential future generation resources; the
availability and cost of generation resources and energy storage;
target emissions reductions; and other matters relating to expected
financial performance or affecting future operations.
Forward-looking statements are often accompanied by forward-looking
words such as “anticipates,” “believes,” “expects,” “estimates,”
“forecasts,” “should,” “could,” “may,” “seeks,” “intends,”
“proposed,” “projects,” “planned,” “target,” “outlook,” “remain
confident,” “goal,” “will” or other words of similar meaning.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results to differ materially from
the forward-looking information.
In connection with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, Evergy, Inc., Evergy
Kansas Central, Inc. and Evergy Metro, Inc. (collectively, the
Evergy Companies) are providing a number of risks, uncertainties
and other factors that could cause actual results to differ from
the forward-looking information. These risks, uncertainties and
other factors include, but are not limited to: economic and weather
conditions and any impact on sales, prices and costs; changes in
business strategy or operations; the impact of federal, state and
local political, legislative, judicial and regulatory actions or
developments, including deregulation, re-regulation, securitization
and restructuring of the electric utility industry; decisions of
regulators regarding, among other things, customer rates and the
prudency of operational decisions such as capital expenditures and
asset retirements; changes in applicable laws, regulations, rules,
principles or practices, or the interpretations thereof, governing
tax, accounting and environmental matters, including air and water
quality and waste management and disposal; the impact of climate
change, including increased frequency and severity of significant
weather events and the extent to which counterparties are willing
to do business with, finance the operations of or purchase energy
from the Evergy Companies due to the fact that the Evergy Companies
operate coal-fired generation; prices and availability of
electricity in wholesale markets; market perception of the energy
industry and the Evergy Companies; the impact of the Coronavirus
(COVID-19) pandemic on, among other things, sales, results of
operations, financial condition, liquidity and cash flows, and also
on operational issues, such as supply chain issues and the
availability and ability of the Evergy Companies’ employees and
suppliers to perform the functions that are necessary to operate
the Evergy Companies; changes in the energy trading markets in
which the Evergy Companies participate, including retroactive
repricing of transactions by regional transmission organizations
(RTO) and independent system operators; financial market conditions
and performance, including changes in interest rates and credit
spreads and in availability and cost of capital and the effects on
derivatives and hedges, nuclear decommissioning trust and pension
plan assets and costs; impairments of long-lived assets or
goodwill; credit ratings; inflation rates; the transition to a
replacement for the London Interbank Offered Rate (LIBOR) benchmark
interest rate; effectiveness of risk management policies and
procedures and the ability of counterparties to satisfy their
contractual commitments; impact of physical and cybersecurity
breaches, criminal activity, terrorist attacks, acts of war and
other disruptions to the Evergy Companies’ facilities or
information technology infrastructure or the facilities and
infrastructure of third-party service providers on which the Evergy
Companies rely; ability to carry out marketing and sales plans;
cost, availability, quality and timely provision of equipment,
supplies, labor and fuel; ability to achieve generation goals and
the occurrence and duration of planned and unplanned generation
outages; delays and cost increases of generation, transmission,
distribution or other projects; the Evergy Companies’ ability to
manage their transmission and distribution development plans and
transmission joint ventures; the inherent risks associated with the
ownership and operation of a nuclear facility, including
environmental, health, safety, regulatory and financial risks;
workforce risks, including those related to the Evergy Companies’
ability to attract and retain qualified personnel, maintain
satisfactory relationships with their labor unions and manage costs
of, or changes in, retirement, health care and other benefits;
disruption, costs and uncertainties caused by or related to the
actions of individuals or entities, such as activist shareholders
or special interest groups, that seek to influence Evergy’s
strategic plan, financial results or operations; the possibility
that strategic initiatives, including mergers, acquisitions and
divestitures, and long-term financial plans, may not create the
value that they are expected to achieve in a timely manner or at
all; difficulties in maintaining relationships with customers,
employees, regulators or suppliers; and other risks and
uncertainties.
This list of factors is not all-inclusive because it is not
possible to predict all factors. You should also carefully consider
the information contained in our other filings with the Securities
and Exchange Commission (SEC). Additional risks and uncertainties
are discussed in the Annual Report on Form 10-K for the year ended
December 31, 2021 filed by the Evergy Companies with the SEC, and
from time to time in current reports on Form 8-K and quarterly
reports on Form 10-Q filed by the Evergy Companies with the SEC.
Each forward-looking statement speaks only as of the date of the
particular statement. The Evergy Companies undertake no obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise, except
as required by law
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version on businesswire.com: https://www.businesswire.com/news/home/20220523006041/en/
Media Contact: Gina Penzig Manager, External
Communications Phone: 785-508-2410 Gina.Penzig@evergy.com Media
line :888-613-0003
Investor Contact: Cody VandeVelde Director, Investor
Relations Phone: 785-575-8227 Cody.VandeVelde@evergy.com
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