IRVING, Texas, Jan. 11, 2022 /PRNewswire/ -- JUST Capital,
along with its media partner CNBC, today released the annual JUST
100, the only comprehensive ranking of ESG and stakeholder
performance. Vistra was named one of America's Most JUST
Companies for its commitment to serving its workers, customers,
communities, the environment, and shareholders.
Through vigorous, objective analysis, JUST Capital, in
partnership with CNBC, evaluates and celebrates U.S. corporations
that outperform on the issues that matter most to the American
public – such as creating jobs in the U.S., paying a fair, living
wage, prioritizing accountability to all stakeholders, protecting
worker health and safety, providing benefits and work-life balance,
cultivating a diverse and inclusive workplace, producing
sustainable products, and protecting customer privacy.
"We're honored to be recognized by JUST Capital as one of
America's Most JUST Companies. This demonstrates our commitment to
our core principles of doing business the right way and caring for
our stakeholders while transitioning our company to combat climate
change, navigating a global pandemic, and addressing racial
inequality and injustice," said Curt
Morgan, Vistra CEO. "Being featured in the JUST 100 confirms
our belief that when we do right by our communities, customers,
team members, and investors, we deliver long-term success."
For its annual rankings, JUST collects and analyzes corporate
data to evaluate the 1,000 largest public U.S. companies across 20
stakeholder-focused issues as identified through the most
comprehensive ongoing public opinion research on Americans'
attitudes toward responsible corporate behavior, engaging more than
150,000 participants since 2015.
Compared to their Russell 1000 peers, companies in the JUST 100
on average:
- Created 7.8 times more jobs in the U.S. from 2016 to 2020
- Included ESG KPIs 2.6 times more in compensation metrics
- Are 6.8 times more likely to disclose pay gap analysis
results
- Are 7.6 times more likely to disclose workforce demographic
data by race & ethnicity
- Used 19.8% more renewable energy
- Emitted 26.3 million less metric tons of CO2 through the use of
their sold products
- Are 12 times more likely to have conducted a human rights
impact assessment
- Donate 19 times more in charitable giving and gave $152 million on average in 2020
- Had a 4.2% higher return on equity and paid 11.5% more in
dividends
"We've entered a new era of accountability where employees,
customers, and investors want to understand if companies are not
just talking the talk but walking the walk to drive change on the
critical issues of our time," said Martin
Whittaker, CEO of JUST Capital. "The companies featured in
the 2022 JUST 100 are demonstrating that purpose and profits can go
hand in hand by delivering value to all stakeholders, including
shareholders."
About Vistra
Vistra (NYSE: VST) is a leading Fortune 275 integrated retail
electricity and power generation company based in Irving, Texas, providing essential resources
for customers, commerce, and communities. Vistra combines an
innovative, customer-centric approach to retail with safe,
reliable, diverse, and efficient power generation. The company
brings its products and services to market in 20 states and the
District of Columbia, including
six of the seven competitive wholesale markets in the U.S. and
markets in Canada and Japan, as well. Serving nearly 4.3 million
residential, commercial, and industrial retail customers with
electricity and natural gas, Vistra is one of the largest
competitive electricity providers in the country and offers over 50
renewable energy plans. The company is also the largest competitive
power generator in the U.S. with a capacity of approximately 39,000
megawatts powered by a diverse portfolio, including natural gas,
nuclear, solar, and battery energy storage facilities. In addition,
Vistra is a large purchaser of wind power. The company owns and
operates the 400-MW/1,600-MWh battery energy storage system in
Moss Landing, California, the
largest of its kind in the world. Vistra is guided by four core
principles: we do business the right way, we work as a team, we
compete to win, and we care about our stakeholders, including our
customers, our communities where we work and live, our employees,
and our investors. Learn more about our environmental, social, and
governance efforts and read the company's sustainability report at
https://www.vistracorp.com/sustainability/.
Cautionary Note Regarding Forward-Looking Statements
The information presented herein includes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements, which are
based on current expectations, estimates and projections about the
industry and markets in which Vistra Corp. ("Vistra") operates and
beliefs of and assumptions made by Vistra's management, involve
risks and uncertainties, which are difficult to predict and are not
guarantees of future performance, that could significantly affect
the financial results of Vistra. All statements, other than
statements of historical facts, that are presented herein, or in
response to questions or otherwise, that address activities, events
or developments that may occur in the future, including such
matters as activities related to our financial or operational
projections, the potential impacts of the COVID-19 pandemic on our
results of operations, financial condition and cash flows,
projected synergy, value lever and net debt targets, capital
allocation, capital expenditures, liquidity, projected Adjusted
EBITDA to free cash flow conversion rate, dividend policy, business
strategy, competitive strengths, goals, future acquisitions or
dispositions, development or operation of power generation assets,
market and industry developments and the growth of our businesses
and operations (often, but not always, through the use of words or
phrases, or the negative variations of those words or other
comparable words of a future or forward-looking nature, including,
but not limited to: "intends," "plans," "will likely," "unlikely,"
"believe," "confident", "expect," "seek," "anticipate," "estimate,"
"continue," "will," "shall," "should," "could," "may," "might,"
"predict," "project," "forecast," "target," "potential," "goal,"
"objective," "guidance" and "outlook"),are forward-looking
statements. Readers are cautioned not to place undue reliance on
forward-looking statements. Although Vistra believes that in making
any such forward-looking statement, Vistra's expectations are based
on reasonable assumptions, any such forward-looking statement
involves uncertainties and risks that could cause results to differ
materially from those projected in or implied by any such
forward-looking statement, including, but not limited to: (i)
adverse changes in general economic or market conditions (including
changes in interest rates) or changes in political conditions or
federal or state laws and regulations; (ii) the ability of Vistra
to execute upon its contemplated strategic, capital allocation,
performance, and cost-saving initiatives and to successfully
integrate acquired businesses; (iii) actions by credit ratings
agencies; (iv) the severity, magnitude and duration of pandemics,
including the COVID-19 pandemic, and the resulting effects on our
results of operations, financial condition and cash flows; (v) the
severity, magnitude and duration of extreme weather events
(including winter storm Uri), contingencies and uncertainties
relating thereto, most of which are difficult to predict and many
of which are beyond our control, and the resulting effects on our
results of operations, financial condition and cash flows; and (vi)
those additional risks and factors discussed in reports filed with
the Securities and Exchange Commission by Vistra from time to time,
including the uncertainties and risks discussed in the sections
entitled "Risk Factors" and "Forward-Looking Statements" in
Vistra's annual report on Form 10-K for the year ended December 31, 2020, and any subsequently filed
quarterly reports on Form 10-Q.
Any forward-looking statement speaks only at the date on which
it is made, and except as may be required by law, Vistra will not
undertake any obligation to update any forward-looking statement to
reflect events or circumstances after the date on which it is made
or to reflect the occurrence of unanticipated events. New factors
emerge from time to time, and it is not possible to predict all of
them; nor can Vistra assess the impact of each such factor or the
extent to which any factor, or combination of factors, may cause
results to differ materially from those contained in any
forward-looking statement.
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SOURCE Vistra Corp.