Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Economic

Climate Goals & Targets

Environmental Challenges

• Balancing environmental objectives with affordability and reliability of electricity
• Substantial investments needed for renewable technologies or closed-cycle cooling to reduce emissions and water impacts
• Uncertainty around climate policy and its impact on regulatory risk
• Concerns about the economic viability of electric utilities due to reduced demand and environmental regulations

Mitigation Strategies

• Exploring strategies like real-time pricing and decoupling of sales and revenue
• Investing in workforce development programs
• Focusing on grid reliability investments to ensure affordability
• Supporting R&D to reduce emissions from fossil-fuel power generation
• Participating in carbon credit markets
• Increasing energy efficiency of current operations

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Economic

Climate Goals & Targets

Environmental Challenges

• Establishing consistency for measurement protocols among utilities for "apples-to-apples" comparisons.
• Sensitivity around releasing data.
• Changing baselines.

Mitigation Strategies

• Developing a comprehensive database of sustainability metrics to facilitate better comparisons and reporting.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, Dow Jones Sustainability Index, Climate Registry, Carbon Disclosure Project

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Economic

Environmental Achievements

• Launched the Electric Power Industry Sustainability ROI project to better understand the value of sustainability investments.
• Launched Context-Based Metrics for Water Management project to pilot a set of water metrics.
• Published Grounding Decisions: A Scientific Foundation for Companies Considering Global Climate Scenarios and Greenhouse Gas Goals (3002014510).
• Portland General Electric (PGE) won a 2018 EPRI Energy and Environment Sector Technology Transfer Award for their leadership and support of EPRI’s Electric Power Sustainability Maturity Model (EPSMM).

Social Achievements

• Initiated the Sustainability Semantics project to identify and understand the most effective language to use when communicating sustainability.
• Held the first Strategic Sustainability Science Workshop and Research Summit.
• Energy Sustainability Interest Group (ESIG) celebrated its 10th year of research.

Governance Achievements

• Launched Strategic Sustainability Science program with four streams of research: Quantifying Sustainability Value, Frameworks for Sustainable Decision Making, Enhancing Stakeholder Engagement, and Sustainable Electricity Resource Nexus.
• Launched Sustainability Benchmarking Database 4.0. Thirty-five companies submitted data.

Climate Goals & Targets

Environmental Challenges

• Better quantifying sustainability to turn it into a tangible strategic input.
• Readily applying sustainability commitments to company processes and planning.
• Identifying effective communication methods to advance a two-way sustainability dialogue with internal and external stakeholders.
• Advancing sustainability conversations externally with stakeholders from a variety of sectors.

Mitigation Strategies

• Developed a visual framework and analytical tool for Sustainability ROI.
• Created a beta version of the Sustainable Value Analysis Tool.
• Developed an online survey and dashboard to display findings from Sustainability Semantics project.
• Hosted workshops and research summits to facilitate discussions and collaboration.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, Global Reporting Initiative

Environmental Metrics

ESG Focus Areas

• Diversity, Equity, and Inclusion
• Low Carbon Transition
• Energy Reliability and Resiliency
• Climate Change
• Safety and Health
• Greenhouse Gas Emissions
• Water
• Waste
• Supply Chain
• Stakeholder Relationships
• Public Policy Engagement
• Community Vitality
• Energy Portfolio Diversity
• Energy Affordability
• Cyber and Physical Security
• Customer Engagement
• Governance
• Financial Health
• Habitat and Biodiversity
• Human Rights
• Workforce Development
• Air Quality
• Circular Economy
• Just Transition
• Risk Management

Environmental Achievements

• Reduced Greenhouse Gas Emissions (Specific numbers not provided in report)

Social Achievements

• Increased focus on Diversity, Equity, and Inclusion initiatives (Specific numbers not provided in report)

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Consistency in metric measurement unit
• Consistency in metric measurement time period
• Data privacy/security
• Time and cost of collecting metric data
• Difficulty collecting good quality data on metrics for Circular Economy and Climate Change

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: CDP Climate Change, CDP Water Security, GRI Standards, SASB Electric Utility Standard, Task Force on Climate-related Financial Disclosures (TCFD)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Resilience and Adaptation
• Community and Economic Vitality
• Customer Engagement
• Cyber and Physical Security
• Decarbonization
• Diversity, Equity, and Inclusion
• Energy Access and Affordability
• Energy Reliability and Resilience
• Environmental Stewardship
• Equity and Environmental Justice
• Financial Health
• Governance
• Innovation
• Safety and Health
• Stakeholder Engagement
• Supply Chain
• Workforce Development

Climate Goals & Targets

Environmental Challenges

• Insufficient Innovation in the energy utility industry
• Varied stakeholder perspectives on Decarbonization (indirect emissions and clean energy)
• Gap between perceived priority importance and perceived utility performance (e.g., Energy Reliability and Resilience)

Supply Chain Management

Climate-Related Risks & Opportunities