IRVING,
Texas, May 16, 2022 /PRNewswire/ -- Vistra (NYSE:
VST) today published its 2021 Sustainability Report, showcasing its
sustainability strategy, including its efforts to power a
zero-carbon future through its Vistra Zero portfolio and drive a
company culture rooted in equity and inclusiveness. The report also
highlights the company's environmental, social, and governance
(ESG) initiatives and accomplishments during 2021.
"At Vistra, we have a legacy of doing business the right way,
and we pride ourselves on being good corporate citizens; it is
fundamental to who we are as a company," said Curt Morgan, CEO of Vistra. "We are proud to be
leading the nation's clean energy transition through the
responsible and deliberate transformation of our generation
portfolio, while also delivering on our commitment to affordable
and reliable electricity. In 2021, we drove significant
advancements for our stakeholders, including our employees,
customers, communities, and investors. I am proud of our team and
am excited to highlight their many accomplishments in our annual
sustainability report."
Select highlights include:
- Environmental Stewardship
-
- Achieving 72% of our goal to reduce Scope 1 and Scope 2
greenhouse gas (GHG) emissions 60% by the year 2030 (compared to a
2010 baseline year)
- Advancing the transformation of our generation portfolio to
newer, more efficient and environmentally friendly technologies,
enabled by the issuance of $1 billion
of 7% Green Perpetual Preferred Stock to fund renewable energy and
energy efficiency projects such as our Vistra Zero pipeline of
carbon-free development projects
- Receiving recognition for excellence in conservation and
reclamation, including:
-
- The Excellence in Surface Coal Mining Reclamation Award
from the Office of Surface Mining Reclamation & Enforcement for
exemplary coal mine reclamation
- 2021 Texan by Nature 20 designation: for the second year
in a row, Vistra was recognized for its demonstrative commitment to
conservation and sustainability by the conservation non-profit
Texan by Nature
- Human Capital Management
-
- Educating ~1,000 hiring managers through a newly established
training program that focuses on the importance of skills-based
hiring and inclusive recruiting
- Launching a formal mentoring program open to all employees; 650
participants recorded 4,800 hours of mentorship activities aimed at
supporting and strengthening employees' leadership and professional
skills
- Increasing diversity, equity, and inclusion efforts by
enhancing our recruiting process and removing barriers for internal
mobility, and partnering with minority-serving institutions to
provide scholarships, internships, and on-campus programs and
events
- Safety and Health
-
- Operating without any serious injuries to our Vistra employees
or business partners working at our sites, as determined in
accordance with industry standards
- Incentivizing – not mandating – employee COVID-19 vaccinations
through a cash prize sweepstakes of $50,000 for submitting proof of vaccination for 8
lucky winners
- Supporting Our Communities and Customers
-
- Launching our first residential electric vehicle rate plan, TXU
Energy EV Pass, and providing customers with resources on the
benefits of EV ownership and choosing the right electricity
plan
- Investing in communities where we live and work with more than
$6 million in charitable giving,
including $2 million of our
five-year, $10 million commitment to
support organizations that promote social justice
- Responsible Business Practices
-
- Increasing our supply chain diversity spend with third-party
certified Diverse Business Enterprises by 14.4%, outpacing our
spend with non-diverse suppliers by over 5%
- Being named one of America's Most JUST Companies by JUST
Capital and its media partner CNBC for a commitment to serving
workers, customers, communities, the environment, and
shareholders
Vistra's 2021 sustainability report adheres to the Sustainable
Accounting Standards Board (SASB) and Global Reporting Initiative
(GRI) frameworks. The report also includes Vistra's voluntary
annual report of its employee political action committee
contributions, corporate contributions, and dues to trade
organizations, which are located in the appendix. For additional
information about Vistra's 2021 ESG performance and to download a
copy of the report, please visit vistracorp.com/sustainability.
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, 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, coal, 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/.
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SOURCE Vistra Corp.