FirstEnergy Corp.

Climate Impact & Sustainability Data (2019)

Significantly reduced the size of its generation fleet and associated CO2 emissions.
Achieved a % reduction in CO2 emissions by implementing new technologies and retiring or transferring generation assets.
Implemented a Responsible Replacement program to modify business practices and asset replacement strategies to be more environmentally responsible.
90% closed-cycle cooling systems at coal-fired plants, reducing water withdrawals by over a billion gallons annually.
Eastlake Soil Project turning slurry from hydro-excavated soil into reusable material.
Investment Recovery Program reusing, refurbishing, or recycling materials to reduce landfill waste.

Launched “We Have the Power” employee engagement campaign emphasizing personal ownership of safety.
Increased the weight of the D&I Index in the short-term incentive program.
Established employee Business Resource Groups (EBRGs) with over 1,000 members and allies.
Proactive Supplier Diversity Program supporting certified and traditionally underused businesses.
Various programs for student opportunities, including co-op/intern program and Power Systems Institute.
HealthyLiving Program providing incentives for employee well-being.
Volunteer Time Off (VTO) program enabling employee volunteering.
Donated over 1 million pounds of food and raised millions of meals for food pantries.

Eliminated supermajority vote requirements.
Appointed independent Director to assist management team and enhance controls and governance.
Implemented proxy access.
Expanded responsibilities of the Corporate Governance and Corporate Responsibility Committee.
Enacted a Board-level policy to consider diverse slates of qualified candidates for director seats.
Formed a subcommittee to assess governance and oversight processes and implement enhancements to the compliance program.

Long-term Goals:

Medium-term Goals:

Short-term Goals:

Reduce companywide Scope 1 greenhouse gas emissions by 20% from 2018 baseline by 2023.

Ongoing government investigation uncovering violations of FirstEnergy policies and code of conduct by senior executives.
Cyberattacks to the electric sector increasing in number and sophistication.
Climate change risks impacting the electric system.
Evolving customer preferences and expectations.
Need to modernize the electric grid to integrate renewables and distributed energy resources.
Maintaining compliance with environmental regulations.

Termination of executives who violated company policies and values.
Implementation of a comprehensive Enterprise-Wide Risk Management (EWRM) program.
Investment in cybersecurity measures, including Threat Intelligence Management and annual employee training.
Modernization of transmission and distribution systems through initiatives like Energizing the Future.
Deployment of smart grid technologies and evaluation of emerging technologies.
Extensive environmental compliance programs, including training, assessments, and use of Enviance management system.

Changes in environmental laws and regulations, including those related to climate change.

Frameworks Used: GRI, SASB

Edison Electric Institute’s Emergency Recovery Award and Emergency Response Award
Site Selection magazine’s Top Utility in Economic Development
Bloomberg Gender-Equality Index (GEI)
Forbes magazine's Best Employers for Diversity list
DiversityInc Top Utilities and Board of Directors Lists