IRVING,
Texas, May 30, 2023 /PRNewswire/ -- Vistra (NYSE:
VST) recently published its 2022 Sustainability Report,
highlighting continued efforts to play a key role in a responsible
energy transition, deliver innovative solutions for its retail
electricity customers, and grow an inclusive company culture that
attracts top industry talent.
"Our industry witnessed an enormous amount of change in 2022,
and Vistra was able to navigate the opportunities and challenges by
staying true to our strategic roadmap – executing the plans and
commitments that make our company a resilient enterprise," said
Jim Burke, Vistra president &
CEO. "By pairing a sharp focus on delivering reliable, affordable
electricity to our customers with the exciting growth of our
zero-carbon generation portfolio, Vistra is uniquely positioned to
play a key role the energy transition and expansion. The
accomplishments in our annual sustainability report underscore a
commitment to our employees, the communities we serve, and
minimizing the impact of our operations on the environment."
Select 2022 highlights include:
Environmental Stewardship
- Achieved 75% of our 2030 target of reducing Scope 1 and Scope 2
greenhouse gas (GHG) emissions 60% (compared to a 2010 baseline
year); expect to achieve 80% of 2030 target by year-end 2023
- Continued focus on water conservation and recycling at Vistra
power plants, achieving target to consume less than 2% of the water
withdrawn for plant operations
- 2022 Texan by Nature 20 designation: for the third
year in a row, Vistra was recognized for its demonstrative
commitment to conservation and sustainability by the conservation
non-profit Texan by Nature
Strategy & Innovation
- Advanced the transformation of our zero-carbon generation
portfolio by bringing online more than 400 megawatts of solar and
energy storage in Texas and the
announced expansion of the Moss Landing Energy Storage
Facility
- Continued decarbonization strategy with the retirement of three
coal plants – two in Illinois and
one in Ohio – totaling 2,887 MW;
with these closures, Vistra has de-commissioned more than 15,000 MW
of coal and gas plants since 2010
- Introduced TXU Energy Free EV Miles, an innovative,
market-first plan that allows customers to charge their electric
vehicles for free
DEI & Human Capital Management
- Launched an online Learning Management System with courses on
diversity, leadership development, and more, available to all
employees
- Continued to develop inclusive leaders and strengthen their
professional skills through company's formal mentoring program,
which is open to all employees, and through external diversity
training for managers to vice presidents
- Maintained 13 Employee Resource Groups (ERGs) and held strategy
sessions for officers and executive sponsors to increase ERG impact
across the business
- Centralized internship program within DEI to ensure a diverse
pool of interns, from large and small colleges, first-generation
and female-focused programs, and diverse degree programs
Safety and Health
- Operated for a third year in a row without any serious injuries
to Vistra employees or site contractors
- Completed nearly 46,000 safety training courses and 52,000
proactive safety engagements across the fleet
- Increased the number of power plants to 14 that have earned the
Voluntary Protection Program Star designation by the Occupational
Safety and Health Administration for superior demonstration of
effective safety and health management systems and for maintaining
injury and illness rates below the national averages for our
industry
Supporting Our Communities and Customers
- Provided $5.6 million in
bill-payment assistance to Vistra retail customers through our
Energy Aid program
- Invested in the communities where we live and work with
$2.3 million in donations to
non-profit organizations supporting critical needs, programs that
grow state and local economies, and programs and scholarships that
build skills in science, technology, engineering, and math
(STEM)
- Donated $2 million in Vistra's
third year of a five-year, $10
million commitment to support organizations focused on
advancing economic and educational opportunities in minority and
underserved communities
- Raised $1.8 million through our
United Way and Energy Aid giving campaign, through employee
donations and a corporate match
Responsible Business Practices
- Hired a dedicated team member focused on supplier
sustainability engagement; increased the number of suppliers
reporting their ESG performance from 67 to 109, representing 48% of
Vistra's spend
- Named as a Forefront 50 Top Corporation by the National
Minority Development Council for working to create greater economic
access and equity
- Ranked #1 for shareholders and governance in the utilities
industry by JUST Capital and its media partner CNBC for a
commitment to serving workers, customers, communities, the
environment, and shareholders
- Received a perfect score on Disability:IN's Disability
Equality Index and recognized as one of the Best Places to
Work for Disability Inclusion
- Advanced partnership with Department of Defense Skillbridge to
provide internships to servicemen and women preparing to retire
from military service and enter the workforce
Vistra's 2022 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 in the appendix. For additional
information about Vistra's 2022 ESG performance and to download a
copy of the report, please visit
vistracorp.com/sustainability.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 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. Serving
approximately 4 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 37,000 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, 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, including the acquisition
of Energy Harbor, and to successfully integrate acquired
businesses; (iii) actions by credit ratings agencies; (iv) the
severity, magnitude and duration of extreme weather events,
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 (v) 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, 2022
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/vistra-publishes-2022-sustainability-report-highlighting-continued-responsible-transformation--decarbonization-301837550.html
SOURCE Vistra Corp.