Climate Change Data

Environmental Metrics

ESG Focus Areas

• Net Zero emissions by 2050
• Workforce development
• Environmental compliance and strategy
• Circular economy and waste
• Community engagement
• Diversity, Equity, and Inclusion (DEI)
• Safety

Environmental Achievements

• Avoided 66 million tons of CO2 emissions
• Increased percentage of site operations powered by renewable energy
• Developed a design of a net-zero prototype building
• Developed a fleet electrification strategy
• Piloting new technology at a thermal site to avoid methane emissions
• Exploring carbon capture and sequestration opportunities
• Building partnerships with suppliers who have decarbonization goals
• Maintaining work on First Movers Coalition pledge for near-zero emissions steel

Social Achievements

• Total economic investment in home communities of $573 million
• Supported more than 4,300 construction jobs through the development of 28 new projects
• Launched workforce development commitments, collaborating with local communities and industry partners to train new and experienced energy workers
• Launched Illuminate, a new venture to bring manufacturing back to the U.S., creating 1,000 jobs
• Engaged with project partners, tribal communities, landowners, and community partners for careful decision-making
• Aligned work with the UN Sustainable Development Goals

Governance Achievements

• Formed an ESG committee to provide guidance on emissions reduction strategies, workforce development, and other impactful topics
• Integrated Net Zero and ESG goals into overarching company goals, aligning corporate and employee incentives with ESG success
• Developed and adopted an enterprise risk management framework
• Formalized cybersecurity program with the addition of a VP of Information and Cybersecurity
• Completed certification process for NERC CIP and ISO 27001 standards
• Implemented a Code of Conduct training program for all employees

Climate Goals & Targets

Environmental Challenges

• Bureaucracy and divisions slowing progress
• Supply chain disruptions
• Global financial volatility
• Addressing Scope 3 emissions

Mitigation Strategies

• Advocating for an enabling policy environment and regulatory certainty
• Developing alternative sourcing strategies
• Close integration and access to expertise across multiple technologies
• Engaging with suppliers on net-zero targets and collecting data on their greenhouse gas footprint
• Joining Rocky Mountain Institute’s Sustainable Steel Buyers Platform

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Engaging with suppliers on decarbonization goals
• Using near-zero emissions steel
• Working with long-term, strategic suppliers committed to ethical labor practices

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Winter storms
• Wildfires
• Tornadoes

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Growth in clean hydrogen and hydrogen-derivatives projects

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, UN Sustainable Development Goals

Certifications: ISO 27001, NERC CIP

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 13 (Climate Action)
• SDG 15 (Life on Land)

Invenergy's projects contribute to these goals through clean energy generation, job creation, infrastructure development, emissions reduction, and biodiversity conservation initiatives.

Sustainable Products & Innovation

• Clean hydrogen
• Hydrogen derivatives
• Solar panels (Illuminate USA)

Awards & Recognition

• U.S. Department of Labor HireVETS Gold Award
• Illinois Employer Support of the Guard and Reserve (ESGR) Pro Patria Award
• U.S. Environmental Protection Agency’s 2023 Green Power Leadership Award