Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change

Environmental Achievements

• Reduced carbon emissions from company-owned power generation by 45 percent since 2005 (according to GHG Protocol methodology).
• Cut methane emissions from natural gas business by 31 percent from 2010 through 2019.
• Grew solar portfolio from zero megawatts to 2,300 megawatts in operation.

Social Achievements

• Launched ThermH2 and GreenTherm pilot projects in Utah, aiming to expand to North Carolina.
• Formed the largest renewable natural gas partnership in the country.
• First nationwide, dairy-based RNG venture with Vanguard Renewables.
• Electric school bus program in Virginia (50 buses to 16 localities).

Governance Achievements

• Established an executive-level Climate Council, a senior-leadership Climate Working Group, and a Net Zero Team.
• Joined a coalition of leading U.S. corporations urging climate solutions.

Climate Goals & Targets

Environmental Challenges

• Transition risks (policy, execution, land use restrictions, decommissioning, technological stagnation, market dynamics, economic disruption, changing stakeholder preferences).
• Physical and climatic risks (severe weather, drought, flooding, sea level rise, rising temperatures, human/animal/plant migration).
• Financial risks (access to capital, catastrophic loss).

Mitigation Strategies

• Working constructively with government on climate policies.
• Investing in grid modernization and resilience.
• Exploring and investing in carbon-free, on-demand power sources (SMR, hydrogen, CCUS).
• Implementing methane emission reduction strategies (infrastructure replacement, leak detection and repair).
• Expanding energy efficiency programs.
• Developing renewable natural gas (RNG) projects.
• Scenario modeling and analysis.
• Early engagement with county officials on land use planning and permitting.

Supply Chain Management

Responsible Procurement

• Encouraging suppliers to disclose emissions and sustainability plans.

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather, drought, flooding, sea level rise, rising temperatures

Transition Risks

• Policy changes, market shifts, technological stagnation

Opportunities

• Renewable generation investments, grid transformation, carbon-free, on-demand power sources, energy storage, RNG, hydrogen, electrification, microgrids, smart grids, energy efficiency, customizable customer products, system hardening.

Reporting Standards

Frameworks Used: TCFD

Sustainable Products & Innovation

• Renewable natural gas (RNG), GreenTherm program, BrightSuite (home automation program).

Environmental Metrics

ESG Focus Areas

• Climate Change
• Safety
• Diversity, Equity, and Inclusion
• Community Engagement
• Supplier Diversity
• Grid Modernization
• Environmental Stewardship
• Economic Development
• Governance

Environmental Achievements

• 47% Reduction in carbon dioxide emissions from electric generation from 2005 through 2022
• 38% Reduction in methane emissions from natural gas operations from 2010 through 2022
• Largest Offshore wind farm under development in the United States
• 3,000+ MW Renewable energy capacity in service (as of December 31, 2022)
• Reduced excavation damage at gas utilities by over 19% since 2019
• 21 million gallons of water saved in gas distribution production business through 2024
• 42% Reduction in landfill waste at select warehouses
• 284 tons of furniture, fixtures, and equipment diverted from landfills to reuse after renovations

Social Achievements

• 70% Reduction in OSHA recordable injury rate since 2006
• 37% Diverse workforce representation
• $1.4B In procurement spending with diverse suppliers— a 33% increase over 2021
• $45M Contributed to address human needs and support education, the environment, and more
• 95,000 employee volunteer hours
• EnergyShare program helped more than 968,000 individuals and families

Governance Achievements

• 36% Diverse Board of Directors (as of March 27, 2023)
• 64% Of board members have backgrounds in or understanding of environmental, climate, or sustainability matters (as of March 27, 2023)
• Board-Level Sustainability and Corporate Responsibility Committee
• Comprehensive Ethics and Compliance Program overseen by the Board of Directors
• Formalized and released a standalone Human Rights Policy in September 2022

Climate Goals & Targets

Environmental Challenges

• Significant advancements in technology and supportive public policy needed to achieve Net Zero emissions by 2050
• Permitting of new energy infrastructure
• Maintaining reliability and affordability during the energy transition

Mitigation Strategies

• Working with public officials, regulators, and other stakeholders to overcome challenges
• Investing in grid modernization and diverse generation sources
• Implementing innovative solutions to reduce Scope 3 emissions

Supply Chain Management

Supplier Audits: Annual sustainability assessment of key material and services suppliers

Responsible Procurement

• Supplier Diversity program
• Cosigned the Solar Energy Industries Association’s Forced Labor Prevention Pledge

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Environmental Metrics

ESG Focus Areas

• Safety
• Reliability
• Affordability
• Clean Energy
• Diversity, Equity, and Inclusion (DE&I)
• Community Engagement
• Environmental Stewardship
• Economic Development
• Environmental Justice
• Just Transition

Environmental Achievements

• Reduced Scope 1 CO2e emissions from power generation by 53% from 2005 to 2023
• Reduced Scope 1 methane emissions from natural gas operations by 50% from 2010 to 2023
• Reduced landfill waste at select supply chain warehouses by 33% compared to 2020
• Diverted over 270,000 pounds of wood from landfills since 2022
• Recycled over 100,000 pounds of food scraps and compostable containers in 2023
• Diverted 96% of furniture, fixtures, and equipment (543 tons) from landfills during three major office renovations in 2023
• Added 200 MW of solar to the system in 2023
• Brought online the Dry Bridge Battery Energy Storage System (20 MW) in Chesterfield, Virginia in 2023
• Coastal Virginia Offshore Wind (CVOW) project under construction, expected to avoid up to 5 million metric tons of carbon emissions per year

Social Achievements

• Set a new safety record in 2023 by reducing employee injuries resulting in days away from work or restricted duty
• Maintained power availability for 99.98% of the time for Dominion Energy Virginia customers in 2023 (excluding major storms)
• Residential electric rates remained below national and regional averages
• Donated $46.7 million to communities in 2023
• Spent $1.43 billion with diverse suppliers in 2023
• EnergyShare® contributed $15.4 million in Virginia and North Carolina, and $1.75 million in South Carolina in 2023
• Increased diverse workforce representation from 31.9% in 2016 to 37.7% in 2023
• Added new employee benefits in 2023 (family planning fertility benefit, online learning assistance, digital mental health platform)
• Employees volunteered over 110,000 hours in 2023

Governance Achievements

• Board refreshed its committee structure in 2024
• Nominating, Governance, and Sustainability Committee now oversees sustainability performance
• Qualified as a Trendsetter by the CPA Zicklin Index for political spending transparency and accountability for the sixth consecutive year

Climate Goals & Targets

Environmental Challenges

• Meeting increasing energy demand in Virginia
• Integrating renewable energy sources onto the grid
• Addressing climate-related risks
• Maintaining affordability while investing in infrastructure
• Managing excavation damage to gas infrastructure

Mitigation Strategies

• Investing $1.9 billion in electric transmission infrastructure in 2023
• Implementing the Grid Transformation Plan in Virginia
• Seeking federal funding under the Infrastructure Investment and Jobs Act
• Investing in gas distribution systems
• Implementing a Strategic Underground Program to bury outage-prone lines
• Developing innovative approaches to streamline substation construction
• Offering energy efficiency and demand-side management (DSM) programs
• Reducing excavation damage by 20.2% from 2019-2023

Supply Chain Management

Responsible Procurement

• Supplier Code of Ethics and Business Conduct
• Annual supplier sustainability assessment
• Engagement with Sustainable Supply Chain Alliance (SSCA)

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services
• Expansion of renewable energy portfolio

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Awards & Recognition

• Top Innovative Practice “Best of the Best” award from the Nuclear Energy Institute (for using robotics to enhance employee safety)
• SSCA’s Leading Practices in Supply Chain Sustainability Award for Utilities
• Named a Top Utility for Economic Development by Business Facilities magazine for seven consecutive years