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Duke Energy: A Leading Company in Corporate Sustainability

Duke Energy: A Leading Company in Corporate Sustainability

Published 09-10-01

Submitted by Duke Energy

Duke Energy has been named one of the world’s leading companies in a measurement of overall financial, environmental and social management.

The company will be added to the 2002 Dow Jones Sustainability World Index (DJSI World), a global index of the world’s most sustainable firms. Launched in 1999, the DJSI World is the world’s first global index tracking the performance of leading sustainable corporations worldwide.

The DJSI World is comprised of the top 10 percent of the largest 2500 companies in the Dow Jones Global Index in terms of economic, environmental and social criteria. The new index will be comprised of 312 companies from 62 industries in 26 countries. The index is reviewed annually by Dow Jones and the Zurich-based Sustainable Asset Management (SAM) Group.

"We are honored to be a top performer in the area of corporate sustainability," said Richard B. Priory, chairman, president and chief executive officer of Duke Energy. "We have a long history of balancing business needs with environmental, community and stakeholder interests and continue to believe this approach delivers superior value for our shareholders."

Corporate sustainability, as defined by the DJSI World, is a business approach that seeks to create long-term shareholder value by embracing opportunities and managing risks derived from economic, environmental and social developments. Full details of the design philosophy, review methodology and index composition are available on the Internet at www.sustainability-indexes.com.

"Sustainability has moved into mainstream asset management," said Mike Petronella, managing director of Dow Jones Indexes. "A growing number of investors now share our conviction that integrating economic, environmental and social success factors into business strategy can result in competitive advantages."

Duke Energy, a diversified multinational energy company, creates value for customers and shareholders through an integrated network of energy assets and expertise. Duke Energy manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses – generating revenues of more than $49 billion in 2000. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 100 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at www.duke-energy.com.

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Duke Energy

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,600 people.

Duke Energy is executing an ambitious clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company has interim carbon emission targets of at least 50% reduction from electric generation by 2030, 50% for Scope 2 and certain Scope 3 upstream and downstream emissions by 2035, and 80% from electric generation by 2040. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2023 “World’s Most Admired Companies” list and Forbes’ “World’s Best Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

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