Climate Change Data

Environmental Metrics

ESG Focus Areas

• Infrastructure

Climate Goals & Targets

Environmental Challenges

• Deteriorating condition of America's major urban roadways, impacting vehicle operating costs and economic efficiency.
• Inadequate funding for road repairs at local and state levels.
• Increasing vehicle travel and wear and tear on roads.

Mitigation Strategies

• Implement and adequately fund pavement preservation programs.
• Use higher-quality paving materials and durable designs.
• Improve pothole patching techniques.
• Increase annual investment in roads, highways, and bridges.
• Adopt a proactive pavement management approach.

Supply Chain Management

Responsible Procurement

• Use of higher-quality paving materials

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• SDG 9: Industry, Innovation and Infrastructure

Improved road infrastructure contributes to sustainable economic growth and reduced transportation costs.

Sustainable Products & Innovation

• High-performance concrete pavements
• Improved hot- and warm-mix asphalt pavements

Environmental Metrics

ESG Focus Areas

• Climate Change
• Transportation

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Limited availability of PEV models and styles
• Higher cost of PEVs compared with conventional vehicles
• Lack of a convenient and ubiquitous network of charging stations
• Range anxiety concerns for BEV drivers
• Low station utilization undermining the business case for building and operating stations

Mitigation Strategies

• Developing a U.S. network of non-residential EVSE to enable broader PEV adoption and maximize PEV use
• Providing nationwide charging coverage
• Improving the business case for building stations by maximizing station utilization

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: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Empowering people and businesses
• Fostering inclusive communities
• Supporting the green economy

Environmental Achievements

• Achieved carbon neutrality in operations since 2020
• 100% elimination of single-use plastics where feasible
• 47.7% electricity from renewable sources
• $3.1B renewable energy finance exposure, supporting $7.8B in total deal size

Social Achievements

• Concluded five-year Inclusive Communities Plan, investing $14B (exceeding goal by $3B)
• Provided financial education to over 46,000 individuals and small businesses
• Nearly 50% of jobs filled internally
• $18M charitable giving
• 0.2% Equal Pay Gap

Governance Achievements

• Established US ESG Office and conducted first US ESG materiality assessment
• More formally established ESG and climate risk functions
• Enhanced board oversight and reporting
• Established ESG Working Group
• Enhanced supplier diversity program

Climate Goals & Targets

Environmental Challenges

• Global pandemics, geopolitical tensions, extreme weather events, market volatility, and inflationary concerns
• The Great Resignation impacting workforce
• Data limitations and uncertainties in assessing climate risks

Mitigation Strategies

• Incorporating climate risk into Enterprise Risk Management Framework
• Refining approach to managing ESCC risks
• Adding climate risk considerations to Material Risk Program
• Creating a climate risk function within Enterprise Risk Management
• Forming a cross-functional working group on climate-change-related risk
• Shifting recruitment strategies to address workforce challenges

Supply Chain Management

Responsible Procurement

• Supplier diversity program

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity from weather events (floods, droughts, wildfires, storms and hurricanes)
• Long-term weather trends (sea level and temperature increases, precipitation patterns)

Transition Risks

• Policy actions and regulation
• Technology risk
• Market shifts
• Regulatory changes

Opportunities

• Development of energy-efficient products
• Growth of sustainable financial product markets

Reporting Standards

Frameworks Used: GRI Standards (core option), SASB, TCFD, WEF Stakeholder Capitalism metrics

Sustainable Products & Innovation

• Green and sustainability-linked bonds
• Sustainability-linked loans
• Electric vehicle lending

Awards & Recognition

• Project Finance International’s ESG Deal of the Year (Vineyard Wind)
• IJ Global’s Renewables Deal of the Year - North America (Vineyard Wind)