Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance
• Economy
• Safety

Environmental Achievements

• Reduced greenhouse gas emissions by 36 percent since 2005
• Spent approximately $20 million for circuit-breaker replacements to reduce SF6 emissions
• Replaced more than 65 miles of gas mains and 4,800 gas services to minimize methane emissions
• Installed environmentally friendly white roofs at corporate headquarters and more than 20 other facilities
• Recycled more than 59,000 tons of waste in 2009 (more than 90 percent of all non-hazardous waste generated)

Social Achievements

• Successfully recruited, retained, and developed talented and diverse employees
• Minorities comprise 45 percent of the company’s workforce; more than 59 percent of those hired in 2009 were minorities, and 40 percent were women
• Spent more than $278 million for services and goods provided by companies in the Supplier Diversity program
• Hundreds of employees volunteered in educational, health, senior citizen, sports, mentoring, and civic programs

Governance Achievements

• Ranked number-one utility globally by the Carbon Disclosure Project
• Named to the Dow Jones Sustainability Index for North America
• Named to Newsweek magazine’s Green Rankings 2009 list
• Received a WasteWise Gold Achievement award from the EPA
• Maintained corporate-wide certification for its environmental management system under the ISO 14001 Standard

Climate Goals & Targets

Environmental Challenges

• Economic slowdown impacting customers and business
• Slower rate of increase in customers’ need for energy
• Water compliance challenges (stormwater runoff, water infiltration, wastewater)
• Aging workforce (40 percent of employees eligible for retirement within five years)
• Safety performance (middle of the pack compared with other utility companies)

Mitigation Strategies

• Offering customers level-payment plans, agreements, and extensions
• Lowering forecast growth for electricity demand
• Establishing a company-wide water vulnerability assessment
• Strong recruitment program to support diversity and replenish talent base
• Aggressive approach to safety focusing on personal accountability, job briefings, job planning, ergonomics, and job observations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Diversity program

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Carbon Disclosure Project ranking
• Dow Jones Sustainability Index
• Newsweek Green Rankings
• EPA WasteWise Gold Achievement award
• ReliabilityOne award
• Hispanic Business magazine Top 60 Diversity Elite

Environmental Metrics

ESG Focus Areas

• Energy conservation
• Greenhouse gas emissions reduction
• Community engagement
• Employee safety
• Renewable energy
• Energy efficiency
• Cost management
• Water compliance
• Diversity and inclusion

Environmental Achievements

• Reduced carbon footprint by 35 percent since 2005
• Reduced SF6 emissions by 85 percent of 2005 levels
• Recycled more than 90 percent of nonhazardous waste
• Broke ground on the largest solar farm in the Northeast
• Replaced more than 120 miles of old gas pipes with new high-density plastic pipes

Social Achievements

• Supported more than 1,200 local nonprofit organizations
• Achieved best employee safety performance ever with OSHA Incidence Rate of 2.48 for Con Edison of New York and 4.09 for Orange and Rockland Utilities
• Con Edison volunteers helped plant more than 5,000 trees
• Customers more than doubled their use of solar power in 2010

Governance Achievements

• Ranked first among all S&P 500 companies by the Carbon Disclosure Project in its Carbon Disclosure Leadership Index
• Named to the Dow Jones Sustainability Index for North America for the second consecutive year
• Earned perfect score on the Human Rights Campaign’s Corporate Equality Index

Climate Goals & Targets

Environmental Challenges

• Managing stormwater runoff and wastewater discharges from facilities (resulting in three consent orders for exceeding environmental standards in 2010)
• Addressing New York State's aggressive energy-efficiency and renewable-energy goals (15% reduction in electricity use and 30% renewable energy by 2015)

Mitigation Strategies

• Comprehensive assessment of wastewater discharges completed and recommendations implemented to strengthen programs and reduce risks
• Supporting New York State's renewable-power goal and contributing to energy-efficiency goals

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Outstanding System-wide Reliability Award by PA Consulting Group
• Honorable Mention in the EPA WasteWise Partner of the Year Award
• One of the 10 Best Companies Supporting the Arts in America by the Business Committee for the Arts
• Top of DiversityInc magazine’s ranking of utility companies
• Perfect score on the Human Rights Campaign’s Corporate Equality Index
• LATINA Style 50 award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Energy Efficiency
• Safety
• Community Relations
• Supplier Diversity

Environmental Achievements

• Decreased electricity and natural gas consumption at major company facilities by 6.3 percent and 7.0 percent, respectively, from 2011 totals
• Recycled 90% of its non-hazardous waste
• Energy-efficiency programs and demand-side management reduced annual customer energy use by approximately 692,000 MWh and 436,000 dekatherms, avoiding the annual release of approximately 244,000 tons of greenhouse gases

Social Achievements

• Both Con Edison of New York and Orange and Rockland Utilities achieved their best ever safety performance in 2012
• Supported about 1,200 nonprofit organizations with nearly $8 million in charitable funding
• Con Edison employees and retirees donated more than 4,500 volunteer hours

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Diversity Program

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

• Environmental
• Social
• Governance
• Safety
• Community Investment
• Reliability
• Customer Satisfaction

Environmental Achievements

• Exceeded goal of releasing no more than 22,000 gallons of dielectric fluid into the environment.
• 7.5% decrease in electrical consumption and installation of modified Ristroph traveling screens at East River station to reduce fish entrainment and impingement.

Social Achievements

• Named one of 50 Best Companies for Latinas in the United States by LATINA Style magazine.
• Established Con Edison Legal Services Pro Bono Program, assisting over 40 people.

Governance Achievements

• Combined Code of Ethics with company's Standards of Business Conduct.
• Board and committees annually evaluate performance.

Climate Goals & Targets

Environmental Challenges

• Climate change risks and opportunities.
• Dielectric fluid leaks.
• Kickback schemes involving employees and retirees.

Mitigation Strategies

• Process and equipment improvements to detect leaks in dielectric fluid feeders.
• Procedural and organizational changes to prevent future kickback schemes.
• Internal investigation and cooperation with authorities.

Supply Chain Management

Responsible Procurement

• Compliance with all applicable laws and regulations (standard terms and conditions).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI 3.1

Certifications: ISO 14001

Third-party Assurance: No external assurance, but much of the information is verified by regulatory entities and third-party verifiers (PricewaterhouseCoopers, First Environment, Intertek Testing Services).

Awards & Recognition

• Outstanding System-Wide Reliability Award
• Named one of 50 Best Companies for Latinas
• Honored for Outstanding Achievement in Residential Program Design and Implementation
• Emergency Recovery Award
• Best of the Best / top employer among energy, gas and oil companies
• Top regional utility
• 2013 Business Leader of the Year
• Target Rock Sustainability Utility Leadership Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Economic
• Safety
• Customer Satisfaction
• Human Rights
• Community Engagement
• Product Responsibility

Environmental Achievements

• Reduced natural gas consumption by 3.2% compared to 2013
• Reduced residual fuel oil consumption by 39.7% compared to 2013
• Installation of new dual-flow Ristroph traveling water screens at the East River Generation Station to reduce aquatic life entrainment and impingement

Social Achievements

• Launched various employee well-being programs including weight loss and smoking cessation programs
• Offered tuition aid reimbursement program to 515 employees
• Provided nearly $8 million in charitable funding to nonprofit organizations

Governance Achievements

• Implemented an Enterprise Risk Management Program evaluated at the Board level
• 100% of employees trained on Standards of Business Ethics
• Initiated internal investigations and cooperated with authorities in response to kickback schemes

Climate Goals & Targets

Environmental Challenges

• Dielectric fluid leaks resulting in environmental releases
• Kickback schemes involving company employees and retirees

Mitigation Strategies

• Implementation of a sophisticated monitoring system for detecting leaks in fluid-equipped feeders
• Exploration of alternative and less expensive methods to detect and locate leaks faster
• Procedural and organizational changes to prevent recurrence of kickback schemes
• Aggressive investigation of allegations of fraud, misconduct, and unethical behavior

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Compliance with all applicable laws and regulations (standard terms and conditions)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI 3.1

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Top U.S. utility in Newsweek Green Rankings
• 2014 Innovation Award from the Utility Analytics Institute
• 2014 Outstanding System Reliability Award by PA Consulting Group

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Exceeded goal of releasing no more than 22,000 gallons of dielectric fluid into the environment.
• One steam-generating station reduced water consumption by more than 50 million gallons a year through improved equipment design and water flow.

Social Achievements

• Paid out more than 4,300 rebates totaling $2.7 million to residential customers who upgraded their heating and cooling systems.
• Introduced a program offering a $400 rebate for installing ductless heating and cooling systems.

Governance Achievements

• Met all customer satisfaction goals set by the New York Public Service Commission.

Climate Goals & Targets

Environmental Challenges

• Dielectric fluid leaks in steel pipes.
• High water consumption at steam stations.

Mitigation Strategies

• Improved monitoring system for detecting leaks.
• Installation of solid dielectric cables.
• Improved equipment design and water flow at steam stations.
• Central Operations Procedure 7-0-4: Water Accountability and Utilization Program.

Supply Chain Management

Responsible Procurement

• Compliance with all applicable laws and regulations (standard terms and conditions)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI 3.1

Certifications: ISO 14001

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability
• Energy Efficiency
• Renewable Energy
• Governance
• Risk Management

Environmental Achievements

• Reduced direct GHG emissions by 51% since 2005, primarily through SF6 reductions.
• Reduced SF6 gas emissions to 6,984 pounds (target <= 8,500 pounds).
• Achieved 561,347 MWh electric energy efficiency reductions (target >= 391,000 MWh).
• Achieved 546,209 Dth gas energy efficiency reductions (target >= 480,000 Dth).
• Clean Energy Businesses achieved 98.1% renewable portfolio production (target 100%).
• More than 97 miles of gas main replaced in 2019 (plan to replace 90 miles annually).

Social Achievements

• More than 1 million Con Edison customers upgraded to more efficient equipment, saving more than 7 million metric tons of carbon emissions since 2009.
• Over 2.8 million smart meter installations completed (targeting 5.3 million by 2022).

Governance Achievements

• Board's strategy meeting in 2019 focused on climate change.
• Executive compensation tied to several climate-related KPIs.
• Established a Vice President-level ESG Committee and a Sustainability Leadership Council.

Climate Goals & Targets

Environmental Challenges

• Sea level rise, coastal storm surge, inland flooding, hurricane-strength winds, and extreme heat identified as significant climate-driven risks.
• Potential for physical damage to facilities and operational disruptions due to extreme weather events.
• Need to invest between $1.8 billion and $5.2 billion by 2050 to protect electric, gas, and steam systems.

Mitigation Strategies

• Investing $1.2 billion over three years in Clean Energy Businesses.
• Investing nearly $1 billion over five years in energy efficiency and demand management programs.
• Developing a climate change implementation plan (expected by end of 2020).
• Investing over $1.5 billion by 2025 in energy efficiency programs.
• Participating in the Low-Carbon Resources Initiative to explore low-carbon technologies.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Sea level rise
• Coastal storm surge
• Inland flooding
• Hurricane-strength winds
• Extreme heat

Transition Risks

• Regulatory changes
• Market shifts towards decarbonization

Opportunities

• Expansion of renewable energy portfolio
• Energy efficiency programs
• Development of low-carbon technologies

Reporting Standards

Frameworks Used: TCFD

Environmental Metrics

ESG Focus Areas

• Clean Energy Commitment
• Climate Change Resilience
• Diversity, Equity & Inclusion
• Safety
• Operational Excellence
• Customer Experience

Environmental Achievements

• Reduced greenhouse gas emissions by 53% since 2005
• Reduced nitrogen oxides (NOx) emissions by around 70% since 2005
• Reduced sulfur dioxide (SO2) emissions by around 99% since 2005
• Released about 98% less SF6 than in 1996
• Replaced 448 miles of leak-prone gas mains in the last five years
• Converted 64 buildings from heavy heating oil to gas in 2021
• Reduced water consumption by more than 20% over the past decade

Social Achievements

• Launched a program training low- and moderate-income residents to install solar panels
• Donated $600,000 to groups fighting food insecurity
• Introduced new payment programs during the pandemic to help customers
• Implemented a diversity, equity, and inclusion strategy and action plan
• Con Edison ranked in the Top 5 among utilities on Forbes America’s list of Best Employers for Diversity

Governance Achievements

• Established a new executive-level committee focused on climate risk and resilience
• Implemented a 14-point Action Plan for Diversity, Equity & Inclusion
• Tying executive compensation to diversity goals
• Received a perfect score of 100 on the 2021 CPA-Zicklin Index

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on energy infrastructure
• Reducing emissions from steam system
• Supply chain disruptions
• Cybersecurity threats

Mitigation Strategies

• Investing $2 billion by 2030 on climate resilience projects
• Evaluating opportunities to reduce steam system environmental footprint
• Implementing a robust cybersecurity program
• Partnering with suppliers to improve sustainability performance

Supply Chain Management

Supplier Audits: 40 vendors completed sustainability assessments in 2021

Responsible Procurement

• Sustainability-related commitments in new contracts
• Vendor Standards of Business Conduct (VSBC)

Climate-Related Risks & Opportunities

Physical Risks

• Sea level rise
• Coastal storm surge
• Inland flooding
• Hurricane-strength winds
• Extreme heat

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Growth of renewable energy business

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001:2015, ISO/IEC 17025:2017

Third-party Assurance: Intertek Testing Services NA

Sustainable Products & Innovation

• Smart meters
• Electric vehicle charging infrastructure
• Energy storage systems
• Heat pumps

Awards & Recognition

• Energy Star Partner of the Year
• Smart Energy Innovation Award
• Best Practices award from the Smart Energy Consumer Collaborative
• Top 5 among utilities on Forbes America’s list of Best Employers for Diversity

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity, Equity & Inclusion
• Governance
• Environmental Justice
• Human Rights
• Community & Stakeholder Engagement
• Supply Chain Sustainability
• Safety

Environmental Achievements

• Reduced NOx emissions by 70% and SO2 by 99% since 2005.
• Reduced SF6 emissions by 98% since 1996.
• Avoided over 19,500 unnecessary truck rolls in 2022 due to smart meters, reducing CO2 emissions.
• Reduced energy usage by approximately 1.5% on average through voltage optimization, decreasing CO2 emissions by 1.9%.
• Installed over 170,000 natural gas detectors, detecting and repairing over 1,400 leaks.
• Replaced over 100 miles of cast iron and unprotected steel gas mains in 2022.
• 73% of company-owned electric production sourced from solar and wind in 2022 (through CEBs, now sold).

Social Achievements

• Launched PowerReady EV infrastructure incentive program, supporting over 2,600 EV chargers.
• Reduced injuries by more than 68% at CECONY since 2009.
• Improved injury and illness rate at O&R to 0.53 in 2022.
• Provided $12.6 million to over 600 nonprofit organizations.
• Increased hiring of new employees to 1,564 in 2022 (highest in 14 years), with diverse representation.

Governance Achievements

• Established a governance structure for ESG oversight, including a Safety, Environment, Operations, and Sustainability Committee.
• Maintained ISO 14001:2015 certification.
• Achieved a perfect score in the CPA-Zicklin Index for Corporate Political Disclosure and Accountability.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on infrastructure.
• Decarbonizing the steam system.
• Managing natural gas leaks.
• Meeting ambitious clean energy goals.
• Ensuring energy affordability for all customers.
• Addressing environmental justice concerns.
• Cybersecurity threats.

Mitigation Strategies

• Developed a Climate Change Implementation Plan.
• Investing in infrastructure resilience.
• Exploring alternative fuels and technologies for steam generation.
• Implementing proactive leak detection and repair programs.
• Investing in energy efficiency and building electrification programs.
• Establishing an Environmental Justice Working Group.
• Implementing a robust cybersecurity program.

Supply Chain Management

Supplier Audits: Over 40 suppliers completed sustainability assessments in 2022.

Responsible Procurement

• Sustainability assessments for suppliers.
• Monitoring supplier sustainability commitments.
• Membership in the Sustainable Supply Chain Alliance.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Sea level rise
• Coastal storm surge
• Inland flooding

Transition Risks

• Regulatory changes
• Market shifts
• Changes in energy demand

Opportunities

• Growth in renewable energy
• Development of energy-efficient products and services
• Expansion of EV charging infrastructure

Reporting Standards

Frameworks Used: UN Sustainable Development Goals

Certifications: ISO 14001:2015, ISO/IEC 17025:2017 (chemical laboratory)

Third-party Assurance: Intertek Testing Services NA

UN Sustainable Development Goals

• Goal 7: Affordable and clean energy
• Goal 11: Sustainable cities and communities
• Goal 13: Climate action

Various initiatives align with these goals, including renewable energy investments, energy efficiency programs, and climate resilience efforts.

Sustainable Products & Innovation

• Smart meters
• Vented latched manhole technology
• Natural gas detectors integrated with AMI
• Cold shrink splices

Awards & Recognition

• ReliabilityOne Awards
• E Source awards
• Forbes America’s Best Large Employers and Best Employers for Diversity, Equity, and Inclusion
• US Veterans Magazine and Vets Indexes awards
• DIVERSEability Magazine award
• Latina Style award
• Newsweek Statista America’s Most Responsible Companies
• Human Rights Campaign Foundation’s Corporate Equality Index
• DiversityInc award
• DiversityComm Best of the Best Employers list
• CPA-Zicklin Index perfect score
• Telly Awards
• Corporate Green Leadership Award
• NYNJMSDC Local Corporation of the Year

Environmental Metrics

ESG Focus Areas

• Clean Energy Transition
• Climate Change
• Environmental Justice
• Diversity, Equity & Inclusion
• Safety
• Reliability
• Customer Experience
• Community Engagement
• Governance

Environmental Achievements

• Reduced carbon emissions by 55% since 2005
• Reduced NOx emissions by 70% and SO2 emissions by 99% since 2005
• Reduced SF6 emissions by 98% since 1996
• Reduced gas system methane emissions by 57% from the 1990 baseline
• Recycled over 134,000 pounds of e-waste
• Reduced water consumption by more than 20% over the past decade
• Completed installation of ultrafiltration (UF) and reverse-osmosis (RO) filtration systems at East River Generating Station, reducing water consumption by approximately 10 million gallons each month

Social Achievements

• Launched Green Workforce Development program, awarding more than $4 million in grants to train more than 1,200 people from underserved communities
• Added more than 1,600 new employees in 2023, with 33% women and 69% people of color
• Achieved an injury and illness rate of 1.00 at CECONY, one of the best TRIRs in company history
• Provided $265.5 million in bill discounts through the Energy Affordability Program
• Provided $340.8 million in bill credits through the Electric and Gas Bill Relief Program

Governance Achievements

• Maintained ISO 14001:2015 certification
• Achieved a CPA-Zicklin Index for Corporate Political Disclosure and Accountability score of 100
• Implemented a comprehensive Third-Party Risk Management (TPRM) program

Climate Goals & Targets

Environmental Challenges

• Decarbonizing the steam system
• Meeting New York State and City climate laws
• Managing the impacts of climate change on infrastructure
• Maintaining grid reliability during peak demand
• Addressing environmental justice concerns
• Supply chain disruptions

Mitigation Strategies

• Investing in clean energy technologies (e.g., heat pumps, energy storage)
• Implementing energy efficiency programs
• Upgrading infrastructure to improve resilience
• Developing alternative sourcing strategies
• Engaging with disadvantaged communities
• Implementing a comprehensive Third-Party Risk Management (TPRM) program

Supply Chain Management

Supplier Audits: 53 suppliers (86% of 2022 spend) assessed, 64% response rate

Responsible Procurement

• Green procurement policy under development
• ESG assessment of suppliers
• Increased spend with diverse suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Rising sea levels

Transition Risks

• Regulatory changes
• Market shifts
• Changes in customer demand

Opportunities

• Development of energy-efficient products and services
• Growth in renewable energy sector

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: ISO 14001:2015

Third-party Assurance: Intertek Testing Services NA

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)

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• Oil-free network transformers
• Vented, latched manholes

Awards & Recognition

• ReliabilityOne awards
• EPRI awards
• Newsweek's Most Trustworthy Companies
• Forbes awards
• DiversityInc awards
• J.D. Power Sustainability Index recognition
• Glassdoor's top 100 companies to work for
• Black Enterprise's Best Companies for Diversity
• Latina Style's Top 50 Best Companies for Latinas
• Harlem YMCA's Deloitte Corporate Community Award
• Military Times' Best for Vets Employers
• Disabled American Veterans' Patriotic Employers
• U.S. Veterans Magazine's Best of the Best
• VETS Indexes' 4-star employers
• Employer Support of the Guard and Reserve's Seven Seals Award
• Minority Supplier Development Council's Corporation of the Year award