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Duke Energy Grows Renewables by 20 Percent in 2021

ESG Report shows progress on mission to reach net-zero carbon emissions

Duke Energy Grows Renewables by 20 Percent in 2021

ESG Report shows progress on mission to reach net-zero carbon emissions

Published 05-05-22

Submitted by Duke Energy

wind turbines

By Jessica Wells

Duke Energy is leading the nation’s largest clean energy transition, and its ESG Report released on April 26 shows how the company has increased solar and wind capacity by 20 percent in 2021 and reduced carbon emissions by 44 percent since 2005.

By 2030, the company aims to reduce carbon emissions by at least 50 percent. By 2050, the company plans to reach net-zero carbon emissions by generating at least half of its electricity from carbon-free sources like nuclear, hydroelectric and a growing portfolio of solar, wind and batteries and new technologies.

Duke employee on a boat in the swamp

The ESG Report (formerly Sustainability Report) is the company’s 16th annual disclosure on environment, social and governance (ESG) topics.

“Our ESG strategy is focused on how we create value while at the same time mitigate the risks associated with our business,” said Katherine Neebe, Duke Energy’s chief sustainability officer and president, Duke Energy Foundation. “As we lead the most ambitious clean energy transition in our industry, we will continue to track and report our progress.”

employees at a Duke plant

Find the ESG Report here to learn more about how Duke Energy is generating cleaner energy, reducing emissions, supporting diversity and serving its customers. Below, meet some of the Duke Energy teammates who support the company’s ESG themes to make the nation’s largest clean energy transition possible.

2 Duke Energy empoyees

Justice, Equity and Inclusion

Climate Resiliency

Vibrant Economies

Employees, Customers and Communities

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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 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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