The CDP, formerly the Carbon Disclosure Project, awarded Exelon high score for disclosures in three areas, namely, climate change, water use management and sustainable supply chain efforts. [Exelon subsidiary acquires ConEdison electricity retail and natural gas business]
The utility company earned a score of “A minus” in all three categories for transparency and sustainability programmes related to corporate governance, risk management and emissions.
Chris Crane, president and CEO of Exelon, commented: “We are committed to not only being a good environmental steward, but to being transparent in sharing our sustainability efforts.
“As a Fortune 100 energy company, we understand our responsibility to our customers and communities to achieve a cleaner, brighter energy future. We are honored that the CDP again recognized our efforts.”
Exelon leader in CDP disclosure
[quote] According to a release, Exelon has been a leader in CDP disclosure performance for more than six years, in addition to other national and global recognitions for programs to incorporate clean energy, energy efficiency and smart grid technology as part of its strategy to build a sustainable and reliable next-generation energy grid.
In other news, Exelon Utilities has reportedly budgeted $25 billion for smart grid technology to ensure grid reliability. [Exelon Utilities budgets $25bn for smart grid tech]
In a press statement, the firm said it will direct the capital to help its six utilities to strengthen their grids and improve customer service, paying particular attention to outage restoration.
The money will be used to enhance its existing smart grid technologies as well as deploy new innovative solutions such as smart sensors, switches and software to enhance its utilities’ ability to automatically detect power outages.
In addition, the company will invest the capital in mobile apps and other social media platforms to ensure improved customer engagement and communication.
Denis O’Brien, CEO of Exelon Utilities said: “Now, with the completion of the Pepco Holdings merger, we have a larger, more diverse team with more knowledge, best practices and resources to share. We will leverage our combined strengths to further improve storm response for our customers.”