Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Economic Development
• Community Well-being

Environmental Achievements

• Reduced operations-driven emissions by 253,000 metric tons annually since 2015 (a 31.6% reduction)
• Retired and replaced 712 miles of bare steel and cast-iron gas mains to reduce methane emissions
• Replaced 55 first-generation SF6 breakers to reduce SF6 volume
• Electrified 9% of fleet vehicles

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 supply chain challenges impacting electric vehicle conversion plan
• Leveling of emissions associated with grid-purchased electricity
• Slight rebound in emissions from fleet vehicles and buildings

Mitigation Strategies

• Expanding clean energy purchases
• Setting a building energy-efficiency goal (Better Climate Challenge)
• Broadening anti-idling initiatives and use of clean fuel blends

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Third-party verification of 2021 GHG inventory

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Operational Excellence
• Technology and Innovation
• Investing in Markets

Environmental Achievements

• Reduced GHG emissions by 15% by 2022 (target)
• Exelon Generation’s owned power generation carbon intensity is 90 percent lower than the industry average.
• Nation’s largest generator of zero-carbon electricity

Social Achievements

• Investing $5.5 billion in 2019 in regulated utilities business, with plans to invest approximately $26 billion from 2020 through 2023.
• Focus on improving customer experience and supporting communities

Governance Achievements

• Sustainability team sits within corporate strategy function, ensuring sustainability considerations are part of overall corporate business strategy.
• Corporate Governance Committee of the Exelon Board of Directors oversees specific areas of sustainability strategy and performance.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on energy economy, customers, and communities
• Decarbonization of all sectors of the economy

Mitigation Strategies

• Integrating short, mid, and long-term climate change imperatives into overall business strategy
• Investing in zero-carbon solutions (nuclear and renewable energy)
• Implementing natural gas emission reduction strategies (pipe replacement, leak detection and repair)

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, TCFD

Certifications: ISO 14001 (Environmental Management System)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Racial Equity and Social Justice
• Diversity, Equity and Inclusion
• Clean Energy
• Operational Excellence
• Customer Satisfaction
• Community Engagement
• Workforce Development
• Supply Chain Sustainability
• Corporate Governance
• Safety

Environmental Achievements

• Avoided approximately 78 million metric tons of GHG emissions through Exelon zero-carbon nuclear generation.
• Reduced CO2 emission intensity from power generation to 93.9 pounds per MWh, significantly lower than the national average.
• Achieved a 95.4 percent capacity factor at the nuclear fleet.
• Reduced methane emissions by over 85,000 metric tons of CO2e since 2015 through pipe replacement programs.
• Recycled at least 75 percent of municipal solid waste and at least 90 percent of combined municipal and industrial solid waste.

Social Achievements

• Provided more than $8 million in donations to support communities’ pandemic response.
• Increased total diverse supplier spend by 15 percent to $2.7 billion.
• Met diverse employment goals despite decreased hiring activity.
• Supported over 440,000 students in STEM education.
• Launched several new growth businesses focused on customer benefits.

Governance Achievements

• Implemented four new company-wide ethics policies to increase oversight of interactions with public officials.
• Maintained 15 consecutive years on the Dow Jones Sustainability North America Index.
• Achieved top decile OSHA Recordable Rate safety performance.
• Established a Racial Equity Task Force.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its economic impacts.
• Systemic social justice and racial equity issues.
• Market designs that do not compensate nuclear plants for their contribution to grid resilience.
• Climate change risks (extreme weather, drought, flooding).
• Water scarcity.

Mitigation Strategies

• Activated Crisis Management Team to coordinate pandemic response.
• Established a Racial Equity Task Force.
• Implemented hardship mitigation measures for customers.
• Enhanced efforts to support diverse and underserved customers and communities.
• Investing in infrastructure to improve reliability and resilience.
• Implementing water conservation measures.
• Advocating for policies that value zero-emission energy.

Supply Chain Management

Supplier Audits: 11% of critical Tier 1 suppliers audited in 2020

Responsible Procurement

• Compliance with Exelon’s Code of Business Conduct.
• Emphasis on diversity-certified suppliers.
• Focus on local economic development.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Drought
• Flooding
• Sea level rise
• Heat increases

Transition Risks

• Changes to energy systems due to new technologies and regulations.
• Policies that fail to value zero-emission energy.

Opportunities

• Electrification of transportation
• Distributed energy resources
• Market valuation of zero-carbon electric generation
• Low-carbon fuels
• New technologies (carbon capture, storage, advanced nuclear).

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB Electric Utilities & Power Generators Standard, TCFD

Certifications: ISO 14001:2015 (66% of facilities), Wildlife Habitat Council (50 locations), National Wildlife Federation (70 locations)

Third-party Assurance: Lloyd’s Register Quality Assurance, Inc. (LRQA)

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 13 (Climate Action)

Exelon's business and sustainability activities align with these SDGs through infrastructure investments, clean energy production, and climate change mitigation efforts.

Sustainable Products & Innovation

• Renewable energy products and services (Constellation)
• Energy efficiency programs (Exelon Utilities)
• Smart grid technologies

Awards & Recognition

• Dow Jones Sustainability North America Index (15 consecutive years)
• ENERGY STAR Partner of the Year awards (multiple utilities)
• Other awards mentioned throughout the report

Environmental Metrics

ESG Focus Areas

• Advancing Clean Energy and Affordable Energy Choices
• Delivering World-Class Customer Experiences
• Safely Powering Reliability and Resilience
• Supporting Communities
• Managing Climate Change Risks and Opportunities
• Environmental Responsibility
• A Safe, Innovative and Rewarding Workplace
• Corporate Governance
• Sustainable Supply Chain

Environmental Achievements

• Reduced operations-driven GHG emissions by 32% from a 2015 baseline by 2021 (market-based accounting).
• Customers saved over 22 million MWh of energy through energy efficiency programs, avoiding over 8.7 million metric tons of CO2e emissions.
• Recycled at least 57% of municipal solid waste and achieved a total recycling rate of at least 88% for combined municipal and industrial solid waste.

Social Achievements

• Invested more than $14 million to support more than 65 workforce development programs, with over 300 program participants hired.
• Racial Equity Capital Fund of $36 million launched to support minority-owned businesses.
• Employees volunteered 97,800 hours and donated over $5 million through giving campaigns.
• Spend with diversity-certified suppliers increased to $2.4 billion (40% of sourced spending), including $193 million in high-margin spend.

Governance Achievements

• Established a new corporate Sustainability Council to oversee ESG program and disclosures.
• Maintained membership in the Billion Dollar Roundtable.
• Implemented a publicly accessible Supplier Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• Ongoing pandemic and economic volatility.
• Racial, social, and political divisions.
• Uncertainty in energy policy and climate change outlooks.
• Climate change impacts on infrastructure and operations.
• Transition risks related to technology development, consumer response, and regulatory changes.

Mitigation Strategies

• Robust emergency and contingency plans to maintain operations.
• Investments in infrastructure modernization and resilience.
• Proactive preparation for extreme weather events.
• Portfolio approach to decarbonization.
• Engagement with stakeholders to inform sustainability strategy.
• Climate change scenario analysis to inform business strategy.
• Development and implementation of a Path to Clean plan.

Supply Chain Management

Supplier Audits: Semi-annual risk assessment of critical suppliers.

Responsible Procurement

• Supplier Code of Conduct
• Focus on diversity-certified suppliers
• Local economic development

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Sea level rise
• Increased precipitation and humidity
• Inland flooding

Transition Risks

• Technology development and cost
• Consumer response
• Regulatory changes
• Market shifts

Opportunities

• Electrification
• Low-carbon fuels
• New technologies for energy efficiency and resilience

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB Electric Utilities & Power Generators Standard

Certifications: ISO 14001, 100% Environmental Management System (EMS) certification

Third-party Assurance: Lloyd’s Register Quality Assurance, Inc. (LRQA)

UN Sustainable Development Goals

• SDG 7: Affordable and Clean Energy
• SDG 9: Industry, Innovation and Infrastructure
• SDG 11: Sustainable Cities and Communities
• SDG 13: Climate Action

Exelon's business and sustainability activities indirectly address nearly all SDGs; focus on these four priority SDGs.

Sustainable Products & Innovation

• Smart meters
• Smart grid technologies
• Energy efficiency programs

Awards & Recognition

• DiversityInc Top 50 Companies for Diversity
• Human Rights Campaign Best Places to Work
• ENERGY STAR Partner of the Year

Environmental Metrics

ESG Focus Areas

• Climate Change
• Clean Energy Transition
• Energy Affordability
• Value of Clean Energy
• Beneficial Electrification
• Delivering World-Class Customer Experiences
• Service to Customers
• Safely Powering Reliability and Resilience
• Cybersecurity/Physical Security
• Energy System Resilience
• Investments in Energy Systems Infrastructure
• Supporting Communities
• Air Quality
• Community Vitality
• Environmental Justice
• Public Health and Safety
• Environmental Responsibility
• Habitat and Biodiversity
• Water Management
• A Safe, Innovative and Rewarding Workplace
• Diversity, Equity and Inclusion (DEI)
• Employee Engagement
• Health, Safety and Wellness
• Workforce Development
• Corporate Governance
• Corporate Governance and Ethics
• Policy Engagement
• Sustainable Supply Chain

Environmental Achievements

• Reduced operations-driven GHG emissions by 34% from a 2015 baseline.
• Utility EE programs helped customers save almost 24.8 million MWh and avoid over 9.5 million tons of GHG emissions.
• Green Power Connection programs connected almost 3,100 megawatts of renewable energy generation for over 200,000 utility customers.
• Reduced methane emissions by over 100,000 metric tons of CO2e since 2015 through pipe replacement programs.
• 90.4% overall recycling rate across operations.
• BGE completed interconnection of RNG into its gas distribution system.

Social Achievements

• Invested more than $16 million to support over 80 workforce development efforts.
• Racial Equity Capital Fund supporting minority-owned businesses with a first deployment of $1.25 million.
• Diverse Business Empowerment program resulted in almost $2.9 billion spent with 914 local and diverse suppliers.
• Corporate philanthropy programs directed $48.1 million supporting education, arts, culture, health, and social services.
• Exelon employees volunteered almost 127,000 hours in communities.

Governance Achievements

• Established an executive-level Sustainability Council.
• Enhanced Annual Incentive Plan for executive compensation with an ESG modifier (up to ±10%).
• Implemented a new Supplier Code of Conduct.

Climate Goals & Targets

Environmental Challenges

• Energy decarbonization transition risk.
• Increased grid reliance risk.
• Physical climate change risk.
• Affordability implications.

Mitigation Strategies

• Portfolio approach to decarbonization.
• Investments in infrastructure modernization and resilience.
• Adaptation planning incorporating climate change projections.
• Programs to promote customer affordability and equity.

Supply Chain Management

Responsible Procurement

• Diverse Business Empowerment program.
• Supplier Code of Conduct.
• Environmental RFP Questions.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Growth of renewable energy

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 14001

Third-party Assurance: Lloyd’s Register Quality Assurance, Inc. (LRQA)

UN Sustainable Development Goals

• SDG 7
• SDG 9
• SDG 11
• SDG 13

Exelon’s business and sustainability activities indirectly address nearly all SDGs; however, the four listed goals most directly align with Exelon’s business at the target level.

Awards & Recognition

• ENERGY STAR Partner of the Year—Sustained Excellence Award (multiple utilities)
• American Marketing Association—Marketing Excellence Awards (BGE)
• Inspiring Efficiency awards (ComEd)
• Customer Champions (multiple utilities)
• Most Trusted Brands (multiple utilities)
• Environmental Champions (multiple utilities)
• Chairman’s Award for Workforce Development Leadership (Exelon)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Clean Energy Transition
• Energy Affordability
• Customer Experience
• Reliability and Resilience
• Community Support
• Workforce Development
• Corporate Governance
• Sustainable Supply Chain
• Environmental Justice
• Diversity, Equity and Inclusion

Environmental Achievements

• Reduced operations-driven greenhouse gas (GHG) emissions by 40 percent from 2015 baseline.
• Avoided almost 2.3 million tons of GHG emissions through customer-based renewable energy.
• Saved 26.5 million megawatt hours (MWh) of energy through utility energy efficiency programs, avoiding over 9.8 million metric tons of GHG emissions.

Social Achievements

• Invested over $18 million in workforce development programs.
• Nearly $2.2 billion of direct spend with diverse businesses.
• 135,800 employee volunteer hours.
• $59 million in charitable giving.
• Launched "Drive Exelon" incentive program for employee EV purchases.

Governance Achievements

• Linked executive and employee compensation to Path to Clean progress.
• Maintained ISO 14001 EMS certifications.
• Successfully completed ComEd's Deferred Prosecution Agreement.

Climate Goals & Targets

Environmental Challenges

• Energy transition risks (changes to energy systems)
• Grid reliance risk (increased demand for electricity)
• Physical climate change risks (extreme weather events)
• Affordability and equity risks (balancing costs and benefits)
• Wildfire risks (increasing frequency and severity)

Mitigation Strategies

• Investing $34.5 billion (2024-2027) in energy delivery systems.
• Implementing Path to Clean program for GHG emission reduction.
• Developing adaptation and transition plans.
• Offering energy efficiency and beneficial electrification programs.
• Strengthening infrastructure to improve resilience.
• Engaging with communities to address equity concerns.

Supply Chain Management

Supplier Audits: Semi-annual risk assessments of critical suppliers.

Responsible Procurement

• Supplier Code of Conduct
• Environmental RFP questions
• Sustainability maturity model

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Wildfires

Transition Risks

• Regulatory changes
• Market shifts
• Changes in energy supply and usage

Opportunities

• Development of energy-efficient products and services
• Grid modernization
• Beneficial electrification

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, International Sustainability Standards Board (ISSB) S1 and S2 frameworks

Certifications: ISO 14001

Third-party Assurance: Lloyd’s Register Quality Assurance, Inc. (LRQA)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 13 (Climate Action)

Exelon's initiatives contribute to these goals through clean energy investments, grid modernization, and GHG emission reductions.

Sustainable Products & Innovation

• Smart meters
• Smart thermostats
• Green Power Connection program

Awards & Recognition

• ENERGY STAR Partner of the Year awards
• Other awards mentioned in the report