FirstEnergy Corp.

Climate Impact & Sustainability Data (2021-01-01 to 2021-06-30, 2022)

Quarterly updates on lobbying activity and contributions to 501(c)(4) and 501(c)(6) organizations are provided to the Corporate Governance and Corporate Responsibility Committee of the Board of Directors and the full Board of Directors.

Long-term Goals:

Medium-term Goals:

Reduced Scope 1 GHG emissions by 12% from 2019 baseline by year-end 2021.
Completed sale of 19.9% minority equity stake in FirstEnergy Transmission, LLC for $2.4 billion, increasing investment plan.

Launched Environmental Justice policy and program in 2022.
JCP&L launched EV Driven, a $39.8 million program for EV charging infrastructure.

Established Climate Subcommittee in 2022 to monitor climate-related initiatives.
Refreshed Enterprise Risk Management program to strengthen preparedness and mitigation efforts.

Long-term Goals:

Medium-term Goals:

Short-term Goals:

30% reduction in companywide Scope 1 GHG emissions by 2030 from a 2019 baseline.

Acute and chronic physical risks from climate change (severe weather, extreme heat).
Transition risks from electrification, increased renewables, and climate regulations.
Supply chain disruptions.
Affordability of energy bills during energy transition.

$8 billion Energizing the Future transmission program to support clean energy integration and improve grid reliability.
Energy efficiency and demand response initiatives to reduce energy consumption and peak demands.
Distribution improvement projects to enhance reliability and minimize service interruptions.
Advanced metering infrastructure (AMI) and smart grid technologies to enhance system visibility.
Proactive monitoring of regulatory and legislative environments.
Supply chain strategy to mitigate disruptions.

Frameworks Used: TCFD