Climate Change Data

OGE Energy Corp.

Climate Impact & Sustainability Data (2020, 2022)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Greenhouse Gas Emissions & Energy Resource Planning
  • Air Quality
  • Water Management
  • Coal Ash Management
  • Energy Affordability
  • Workforce Health & Safety
  • End-Use Efficiency & Demand Response
  • Grid Resilience

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:10,004,682 tCO2e/year
Scope 1 Emissions:10,004,682 tCO2e/year
Scope 2 Emissions:121,000 tCO2e/year
Scope 3 Emissions:8,624,000 tCO2e/year
Renewable Energy Share:10% (net MWh)
Total Energy Consumption:16,719,710 GWh/year
Carbon Intensity:0.003 metric tons CO2e per unit currency total revenue

ESG Focus Areas

  • Climate Change
  • Environmental Stewardship
  • Sustainability
  • Governance

Environmental Achievements

  • Reduced CO2 emissions by over 40% below 2005 levels
  • Reduced SO2 emissions by approximately 90%
  • Reduced NOx emissions by approximately 80%
  • Added approximately 32 MW of solar capacity since 2015

Social Achievements

  • Launched energy efficiency programs resulting in 213,201 MWh of energy savings in 2022
  • Exceeded weatherization goals in Oklahoma and Arkansas

Governance Achievements

  • Board-level oversight of climate-related issues
  • Management incentives linked to climate-related targets
  • TCFD and SASB reporting

Climate Goals & Targets

Long-term Goals:
  • Retire 95% of current fossil-fueled generation by 2050
Medium-term Goals:
  • Reduce CO2 emissions to 50% below 2005 levels by 2030
Short-term Goals:
  • Reduce greenhouse gas emissions from vehicle fleets by 60% by 2030
  • Replace 50% of light-duty vehicles with EVs by 2025

Environmental Challenges

  • Transitioning to lower emissions technology with increased direct costs
  • Intermittency of renewable energy sources
  • Acute and chronic physical risks from extreme weather events
  • Emerging climate regulations
  • Technology risks related to grid security and integration of new technologies
Mitigation Strategies
  • Investing in Energy Impact Partners and Deep Decarbonization Frontier Fund
  • Participation in Oklahoma’s Hydrogen Production Task Force and HALO Hydrogen Hub
  • Oklahoma Grid Enhancement Plan to improve grid resilience
  • Replacing light-duty vehicles with EVs
  • Regular facility-wide inspections and maintenance to minimize fugitive methane emissions

Supply Chain Management

Supplier Audits: 70% of suppliers by number, 80% of total procurement spend

Responsible Procurement
  • OGE Energy Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (tornadoes, ice storms, flooding, drought)
  • Increased frequency of extreme weather
Transition Risks
  • Emerging climate regulations
  • Market shifts
  • Technology risks
Opportunities
  • Replacing older generation units with lower-emission technologies
  • Leveraging geographic location for renewable energy
  • Investing in innovative technologies

Reporting Standards

Frameworks Used: TCFD, SASB

Sustainable Products & Innovation

  • Renewable wind and solar power
  • Energy efficiency programs
  • Demand Response Smart Hours Program

Awards & Recognition

  • Tree Line USA recognition from the Arbor Day Foundation