Ameren Corporation
Climate Impact & Sustainability Data (2019, 2020, 2022, 2023)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Climate Change
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Ameren Missouri exceeded its 2019 energy efficiency savings target by 93%, avoiding approximately 314,700 metric tons of CO2 emissions.
- Ameren Illinois achieved 97% of its 2019 electric energy efficiency savings target, avoiding approximately 277,400 metric tons of CO2 emissions.
- Ameren Illinois exceeded its 2019 natural gas energy efficiency savings target by 119%, avoiding approximately 22,200 metric tons of CO2 emissions.
Social Achievements
- Held a "Community Voices Workshop" to engage with community leaders and understand their needs.
- Implemented robust energy efficiency programs for customers in Missouri and Illinois.
Governance Achievements
- Established board-level oversight of climate-related issues through the Nuclear, Operations and Environmental Sustainability Committee (NOESC).
- Implemented a robust enterprise risk management (ERM) program to identify, assess, and manage climate-related risks.
Climate Goals & Targets
- Reduce CO2 emissions by 80% by 2050 (compared to 2005 levels).
- Reduce CO2 emissions by 50% by 2040 (compared to 2005 levels).
- Reduce CO2 emissions by 35% by 2030 (compared to 2005 levels).
Environmental Challenges
- Increased capital expenditures for transitioning to lower-emission technologies.
- Increased operational and capital costs due to changes in precipitation patterns and extreme weather.
- Decreased revenues due to reduced demand for products and services resulting from shifts in consumer preferences.
Mitigation Strategies
- Developed a 2017 Integrated Resource Plan (IRP) to transition to a cleaner energy portfolio, including the addition of renewable energy and retirement of coal-fired generation.
- Investing $3.2 billion in transmission infrastructure improvements to enhance system reliability and resilience to weather events.
- Implementing robust energy efficiency programs to reduce customer energy consumption and mitigate the impact of reduced demand.
Supply Chain Management
Supplier Audits: 100 suppliers (representing 48% of annual spend) completed a sustainability assessment.
Responsible Procurement
- Membership in the Electric Utility Industry Sustainable Supply Chain Alliance (EUISSCA).
Climate-Related Risks & Opportunities
Physical Risks
- Changes in precipitation patterns and extreme weather events.
- Impacts on water resources and energy center operations.
Transition Risks
- Regulatory changes and shifts in energy policy.
- Changes in customer behavior and reduced demand for energy.
Opportunities
- Investments in renewable energy generation.
- Investments in grid modernization and resilience.
- Expansion of energy efficiency programs.
Reporting Standards
Frameworks Used: CDP Climate Change Questionnaire, US EPA Mandatory Greenhouse Gas Reporting Rule, USEPA Clean Air Act Acid Rain Program
Third-party Assurance: ERM Certification and Verification Services (limited assurance for Scope 1 and 2)
Sustainable Products & Innovation
- Pure Power voluntary renewable energy credit program
- Ameren Missouri Solar Rebates
- Ameren Missouri and Ameren Illinois Energy Efficiency Programs
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental Stewardship
- Supporting Customers, Communities and Workforce
- Executing Policies and Principles that Integrate ESG Matters into Risk Management, Strategic Planning and Oversight Frameworks
- Sustainable Growth
Environmental Achievements
- Reduced Scope 1 carbon emissions approximately 31% from 2005 levels based on an average of 2018-2020 emissions
- Transitioned from wet ash handling to dry ash handling systems, saving approximately 125 billion gallons of water from coal energy center and ash basin closures
- Generated over $3.5 billion in net benefits to all customers since 2010 thanks to energy-efficient upgrades
Social Achievements
- Contributed more than $23 million in energy assistance funds and COVID-19 support to customers
- Total diverse spend in 2020 was approximately $810 million, with contracts distributed among women-, minority- and veteran-owned businesses
- Ameren Cares delivered more than $11 million in philanthropic support in cash and in-kind donations to nonprofit organizations across the company’s service territory in 2020
Governance Achievements
- Amending the Nuclear, Operations and Environmental Sustainability Committee’s charter to ensure focused oversight of environmental sustainability matters
- Reflecting ESG metrics in Ameren’s executive compensation program
- Addressing the continued investor focus on board composition and refreshment through the addition of five new members to the board of directors since 2016
Climate Goals & Targets
- Net-zero carbon emissions by 2050
- 100% of new light-duty vehicle purchases by 2030 will be electric and 35% of the company’s overall vehicle fleet will be electrified by 2030
Environmental Challenges
- Climate change
- COVID-19 pandemic impacts (customer demand, payments, workforce health, supply chain disruptions, capital market access)
- Regulatory changes and ratemaking determinations
- Technological advances impacting energy prices and demand
- Cost control and investment recovery while maintaining affordability
- Fuel cost and availability
- Cyberattacks
- Weather conditions and natural phenomena
- Compliance with environmental laws and regulations
- Renewable energy standards compliance
- Labor disputes and workforce costs
Mitigation Strategies
- Climate risk strategy aligned with Paris Agreement objectives
- Business continuity plans
- Enterprise risk management (ERM) framework
- Investments in energy infrastructure modernization ($17.1 billion between 2021 and 2025)
- Energy efficiency programs
- Electrification strategy (EV charging stations, fleet electrification goal)
- Robust cybersecurity program
- Risk management strategies
- Smart Energy Plan and Grid Modernization Action Plan
- Investments in renewable energy generation
- Customer energy-efficiency programs
Supply Chain Management
Responsible Procurement
- Increasing the number of diverse suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Weather conditions and other natural phenomena
Transition Risks
- Regulatory changes, market shifts, technological advances
Opportunities
- Development of energy-efficient products
- Growth opportunities from electrification
Reporting Standards
Frameworks Used: EEI-AGA ESG/Sustainability Template, TCFD
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Water Security
- Climate Change
- Renewable Energy
- Environmental Stewardship
Environmental Achievements
- Reduced water withdrawal for thermal generation by 9% in 2022 compared to 2021.
- Transitioned to dry ash handling at 8 of 10 coal combustion units, significantly reducing water usage.
- Upgraded wastewater treatment systems at three energy centers to improve water efficiency.
- Retired one coal-fired energy center in 2022, further reducing water consumption.
Social Achievements
- Provides safely managed water, sanitation, and hygiene (WASH) services to all employees.
- Engages with suppliers on sustainability initiatives, including water stewardship.
- Engages with customers and communities to address water-related concerns.
Governance Achievements
- Developed and publicly available water policy.
- Board-level oversight of water-related issues.
- Integrates water-related issues into long-term strategic business plan.
Climate Goals & Targets
- Reduce water withdrawal for thermal generation by 95% by 2045 (2005 baseline).
- Reduce water withdrawal for thermal generation by 75% by 2040.
- Reduce water withdrawal for thermal generation by 40% by 2030.
Environmental Challenges
- Regulatory uncertainty regarding Section 316(b) of the Clean Water Act, potentially requiring costly cooling system modifications.
- Potential for increased water stress in the Powder River Basin, a key source of coal.
- Risk of flooding and extreme weather events impacting operations.
Mitigation Strategies
- Conducting studies and engaging with regulatory agencies to address Section 316(b) requirements.
- Monitoring supply chain for water-related risks and reducing reliance on coal through renewable energy investments.
- Implementing system hardening measures such as flood walls, berm upgrades, and stormwater management.
Supply Chain Management
Supplier Audits: 97 of top suppliers (61% of annual spend) completed a voluntary sustainability assessment.
Responsible Procurement
- Requesting information on water-related dependencies and minimization activities from top suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
- Extreme weather events
Transition Risks
- Regulatory changes related to water quality and thermal discharges.
- Increased water stress in the Powder River Basin.
Opportunities
- Improved water efficiency through dry ash handling and wastewater treatment upgrades.
- Increased resilience to climate change impacts through infrastructure investments.
Reporting Standards
Frameworks Used: CDP Water Security Questionnaire
Third-party Assurance: ERM Certification & Verification Services Incorporated
UN Sustainable Development Goals
- SDG 6: Clean Water and Sanitation
Providing safely managed WASH services to employees, reducing water withdrawal for thermal generation, and engaging in water stewardship initiatives.
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental Stewardship
- Social Impact
- Governance
- Sustainable Growth
Environmental Achievements
- Announcing a new 20-year plan to reliably meet Missouri customers’ energy needs in an environmentally responsible manner, including accelerated deployment of renewable energy and investment in new on-demand energy sources.
- 37% reduction in CO2 emissions (generation) below 2005 levels
- 58% reduction in NOx emissions (generation) below 2005 levels
- 69% reduction in SO2 emissions (generation) below 2005 levels
- 91% reduction in Hg emissions (generation) below 2005 levels
- Successfully implemented a retread program, keeping 465 tires out of landfills in 2023.
- Investing approximately $9.4 billion in renewable energy between now and 2036.
Social Achievements
- Enhancing support for customers having trouble paying energy bills through impactful programs.
- Enhancing diverse board of directors, welcoming a new member with extensive utility leadership experience.
- Developing workforce with strong participation in formal mentoring and early- and mid-career pipeline programs.
- Donated two 90-ton turbine runners to Keokuk, Iowa, and Hamilton, Illinois for public display.
- AmerenCares donated $12 million in cash and in-kind contributions to hundreds of organizations.
- $500,000 multiyear commitment to Delmar DivINe to support North St. Louis programming.
- $1 million multiyear pledge to support Beyond Housing’s Once and for All effort.
- $140,000 multiyear commitment to Project Lead the Way to support K-12 STEM education.
- $200,000 in grants to 100 public libraries through the Love Your Library program.
- Teamed up with KidSmart to distribute school supplies to more than 300 teachers.
Governance Achievements
- Developing our workforce with strong participation in formal mentoring, early- and mid-career pipeline programs.
- Advocating for constructive regulatory policies across all operating segments.
- Strengthening cybersecurity programs and training.
Climate Goals & Targets
- Achieve net-zero carbon emissions by 2045.
- Reduce water withdrawal for thermal generation by 95% by 2045 (compared to 2005 levels).
- Reduce GHG emissions by 60% by 2030 (compared to 2005 levels).
- Add 2,800 MW of new clean, renewable generation by 2030.
- Add 400 MW of battery storage by 2030.
- Reduce water withdrawal for thermal generation by 40% by 2030 (compared to 2005 levels).
Environmental Challenges
- Climate change and its impact on operations and the energy grid.
- Meeting customer energy needs while transitioning to cleaner energy sources.
- Managing risks associated with cybersecurity and data privacy.
- Ensuring a just and equitable energy transition for all stakeholders.
Mitigation Strategies
- Developing a 20-year energy plan with accelerated renewable energy deployment and investment in new on-demand energy sources.
- Investing in grid modernization and upgrades to accommodate renewable energy resources.
- Implementing comprehensive cybersecurity programs and training.
- Establishing an energy equity framework with focus on energy justice, just transition, economic and workforce development, and social impact.
Supply Chain Management
Responsible Procurement
- Supplier diversity program, aiming for 31% diverse spend.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of renewable energy resources, energy efficiency improvements.
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, EEI-AGA ESG/Sustainability Template
Third-party Assurance: ERM Certification and Verification Services, Inc. (for GHG emissions)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 9 (Industry, Innovation, and Infrastructure)
- Goal 11 (Sustainable Cities and Communities)
- Goal 13 (Climate Action)
- Goal 8 (Decent Work and Economic Growth)
Ameren's initiatives contribute to these goals through renewable energy development, grid modernization, community engagement, emissions reduction, and workforce development.
Awards & Recognition
- Fair360 (formerly DiversityInc) Hall of Fame